Mumbai - July 25, 2008 - 3i Infotech(www.3i-infotech.com), a global provider of IT solutions and one of India's largest and fastest growing software products companies, today announced its operating results for the quarter ended June 30, 2008.

FINANCIAL HIGHLIGHTS
The operations for the quarter include one month’s revenues and profits from Regulus, the largest US acquisition by the Company (recently completed).

Consolidated results for the quarter ended June 30, 2008:
* Revenue for the quarter was Rs. 471.62 crores, a growth of 78.5% over the corresponding quarter of the previous year and a sequential growth of 34% over the previous quarter. This growth consisted of 32.9% of organic growth and 45.6% of inorganic growth on a year on year basis and 14.1% of organic growth and 19.9% of inorganic growth, on a sequential basis.
* Profit before depreciation, interest and tax for the quarter was Rs. 94.29 crores, a growth of 60.9% over the corresponding quarter of the previous year.
* Profit after tax for the quarter was Rs. 58.10 crores, a growth of 44.1% over the corresponding quarter of the previous year.
* Earnings per share (EPS) increased to Rs. 4.35 from Rs. 3.20 in the same quarter of the previous year.
* The Company has amended its segment reporting to separately report the revenues and profits from Transaction Services business, which now constitutes around 22% of the total revenues of the Company.
* Apart from this, the Company continues to maintain a healthy mix of 1:1 between software products and IT services.

Commenting on the results, Mr. V. Srinivasan, Managing Director and  CEO, 3i Infotech Limited, said, "Our first quarter results marks the beginning of yet another strong financial year for us. Our strong order book position and a healthy pipeline give us the confidence of being able to achieve the targets we have set for ourselves for the year ahead. As stated in the past, our business model, diversified over geographies and segments, is able to deliver good growth, despite economic factors such as general business slowdown and currency fluctuations."

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FinEdge(June 2008): The cover story in this issue highlights the growing popularity of Islamic Mortgages particularly in the Gulf markets. Through this article, we highlight the growing popularity of Shari’ah compliant mortgages with a special emphasis on the growth of Islamic Mortgages in Malaysia and the GCC. We also present the highlights of a panel discussion on outsourcing IT operations at the IMG roundtable in Bahrain which was organized by 3i Infotech. In our section on Technology, we take a look at the role of SaaS in Insurance which is emerging as a viable option for Insurance companies to succeed in a rapidly evolving business climate. In our Country Focus section, we have focused on the Banking and Financial Services sector in United Arab Emirates (UAE). We analyze the business, financial, as well as regulatory environment in the UAE. To conclude the issue, we bring you a thought paper on building an effective anti-money laundering program in financial institutions.

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