Logix maintains growth momentum logs 22% growth in 2013-14
Mumbai : Technology firm Logix Infosecurity has posted net growth of 22% for its 2013-14 financial year as compared to the last fiscal year. Logix reported its profit growth, led by strong demand for its Messaging & Collaboration Solutions alongwith Network Security Services.
Operating profit increased 20 percent during the first quarter of 2014, with major improvements in domestic operations and continued revenue growth in Messaging and Collaborations services.
The fiscal year was very remarkable with the acquisition of big names like Lucas TVS, Central Bank of India, KEC International . New locations with new markets were also explored with operations being set up in two major cities Kolkata & Chennai thus completing the PAN India circle.
The acquisition & migration of Sify’s Messaging & Collaboration enterprise Customers were also successfully completed .“The business trend recorded in the first months of the current year justifies expectations for growth also throughout 2014, especially in the Email Messaging & Collaboration Industry ,” the company said in a statement.
The year 2014, has already started with a big bang with major acquisitions like IIT Indore , Anand Rathi. On the roadmap ahead, three new services have been launched in the first quarter Q1 of 2014 and financial firm Anand Rathi has already subscribed for one of the newly launched services