Thursday, May 20, 2010

>EVERONN SYSTEMS INDIA LIMITED (INDIA INFOLINE)

Revenue growth significantly beats estimate driven by outperformance in all business segments

ViTELS revenue growth was driven by robust school and college additions

Strong revenue growth in ICT business despite no schools additions; Edures and Toppers also post robust growth.

Consolidated OPM contract by 430bps qoq to 30.6% due to sharp margin fall in ViTELS

Everonn turns OCF positive in FY10; upgrade revenue estimates but lower margin assumptions

To read the full report: EVERONN SYSTEMS

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