TAKE Solutions posts 47.6 percent increase in revenue


Chennai, Feb 06, 2012: TAKE Solutions, a leader in the Supply Chain Management (SCM) and Life Sciences (LS) domains, announced the financial results for quarter ended December 31st, 2011. The company has posted healthy revenues of INR 1867 Mn for this quarter which is 47.6 percent increase against the corresponding quarter ended December 31st, 2010. Net Profit for the quarter ended December 31st, 2011 was Rs 213 million. This represents an increase of 12.5 percent against the corresponding quarter ended last year.

Mr Ram Yeleswarapu, president and chief executive officer, TAKE Solutions, said, “The Life Sciences industry has increasingly been focusing on outsourcing clinical data operations, regulatory and safety operations, while continuously looking at increasing efficiencies leveraging technology and best practices. TAKE has always had a deep domain understanding of the drug and device development space and we have been steadily building software products and solutions to address the business challenges faced by the industry.” Based on customer feedback, enhanced global regulatory guidelines, and functionality desired by the industry, TAKE recently launched PharmaReady 5.0. “We will continue to innovate based on customer feedback, and we are proud to be recognized and acknowledged by Gartner and IDC Health Insights for our subject matter expertise within life sciences and our value proposition to the industry,” he said.

Commenting on TAKE’s performance, Mr S Sridharan, managing director, TAKE Solutions, said, “Last quarter, our performance was as per our expectations. Also, our performance in the last three quarters stands testimony to the fact that our organization has learnt to thrive in the new business environment. We hope to see some exciting times ahead in our niche verticals SCM & LS, where we believe our fundamentals lie strong. We are confident of our consistent growth in the coming quarters".

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