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Northgate net zooms 639%

Hyderabad-based Northgate BPO Services has announced a 613 per cent growth in turnover to Rs 50.86 crore as compared with Rs 8.31 crore in the previous fiscal.

According to the unaudited results, the company earned a net profit of Rs 7.37 crore in 2004-05, up 639 per cent from Rs 0.99 crore in 2003-04.

According to a press release, Northgate earned 80 per cent of its revenues from telecom services while the remaining 20 per cent was from online advertising ($ 2 million).
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