BANGALORE, INDIA: Sasken Communication Technologies today reported a profit after tax (PAT) of Rs 13.7 crore for the first quarter of the financial year 2009, up 115 per cent from the year-ago quarter.

The PAT, however, decreased 7 per cent from the previous quarter.

Consolidated revenues of the firm stood at Rs 168.1 crore, marking an increase of 7 per cent over the previous quarter and 31 per cent on YoY basis.

The consolidated basic earnings per share (EPS) stood at Rs 4.8 for the reporting quarter ended June 30, 2008.

Speaking on the results, Sasken CEO Rajiv Mody, said, "I am satisfied with the results given the challenging environment that we continue to face. We closed a very significant deal with a key tier 1 handset vendor in the last quarter. This deal enables us to service this tier 1 on their development platform."

During the first quarter, Sasken said its software services revenues grew 7 per cent sequentially from Rs 139.4 crores in Q4 FY 08 to Rs 149.8 crores in Q1 FY 09 and 25 per cent over the corresponding quarter in the previous financial year FY 08.

Products revenues grew 3 per cent to Rs 18.2 crores from the previous quarter and by 112 per cent from Rs 8.7 crores in the corresponding quarter in the previous financial year and 3 per cent.

Sasken put its Consolidated EBIDTA margins at 21.8 per cent. Services EBIDTA margins for the quarter was at 20.9 per cent and products EBIDTA margins at 39 per cent.

The revenue contribution from top five customers stood at 72 per cent and from top 10 customers at 83 per cent.

Sasken further said it added a gross total of 202 employees in Q1 FY09. Five new customers added during the quarter, taking the total of active customers to 86.