Wednesday, February 27, 2008

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Software Technology

Like Comp-u-learn this company is also into computer education services .This is a high growth sector as the govt. is laying more emphasis on computer literacy. For the last several quarters the company has been posting dismal results, but its fortunes have seen a dramatic turnaround in the last 2 quarters. In the last 3-4 months the company has tied up with major training Institutes of U.S.A. to impart computer training . Also it has tied up with Oracle & IBM as training partners . In July 2007 the company had launched Training program software by the name Final Touch which has been well received in the Industry. The dec 2008 quarter result has been outstanding with almost 5 fold increase in net profit to 1.25 cr and 3 fold increase in revenues to 10.23 cr as compared to dec2007 quarter result. Buy now at the current market price of 22 for multiple gains as the scrip is sure to touch 60 in a year’s time.

Risk factors include the co. has low liquidity on the bourses. Future earnings will depend on the Dollar-Rupee conversion rate.