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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