A patent for the 'Soft Phone' had been filed and an evaluation version is likely to be launched by the end of March 2005 as a prelude to its launch in the U S market about two months later, Company's Managing Director Venkat S Meenavalli told reporters here today. The company having 100 per cent subsidiaries in USA and Singapore, managed all its web properties--Axill.com, Hunt7.com, Globalfreecalling.com--with the current team size of around 80.
By the end of third quarter, Northgate had achieved a turnover of Rs 30 crore with a net profit of Rs.3.69 crore, of which around 80 per cent was contributed from the telecom segment from US and Singapore and remaining from the online advertising.
Northgate was looking towards achieving around 70 per cent growth rate with 100 per cent jump in the net profit for the next two years of which 70 per cent revenues were expected from online advertising and 30 per cent from the telecom segment.
