Globsyn Infotech Limited beats street expectations

New Delhi, 4th August, 2009: Globsyn Infotech Limited, a comprehensive payment Solutions Company announced its unaudited first quarter results for the financial year 2009-2010 ending 30th June 2009.

The first quarter recorded a profit before tax of Rs 35.57 lakhs which far exceeded the accumulated profit earned by the company for the entire accounting of 2008-09 and stood at 94% compared to the whole of last year. The financial year for 2008-09 comprised of 9 months period ending 31st March 2009.

Mr. Bikram Das Gupta, the Chairman and CEO of Globsyn Group said, “we are delighted with the robust growth which has mainly resulted from new account acquisitions and a continued cost control drive. Our focus on growth will continue and I am confident of closing this year well.”

About Globsyn Infotech Limited

With a 24 year old history, of which 12 years have been in the Payment Solutions domain, Globsyn Infotech Limited (www.globsyninfotech.com), is today the only comprehensive payment solutions company in India with solutions on both SWIFT and RTGS networks and have a nationwide presence with operations in Delhi, Mumbai, Kolkata, and Chennai. As the exclusive business partners for BankServ (for the Indian sub-continent), the largest SWIFT certified independent SWIFT messaging technology company in the world Globsyn Infotech has research driven ‘Knowledge Cells’ in the SWIFT and RTGS domains to consult and enable banks and financial institutions to achieve seamless integration, enabling error free STP between payment solutions and other banking applications.

In addition to specialising in the Payments Solutions and Treasury domains, offers banks a large suite of services, combining its domain and technology competencies. Globsyn Infotech’s suite of services ranges from a full fledged Web 2.0 practice, software testing services and to JAD (Joint Application Development) services to collaboratively develop applications to address automations needs for new business areas such as micro finance, derivatives etc.