One company that has continued to make strives and overcome the once disastrous market place is Intelligroup. The Princeton, New Jersey Company has displayed a global presence that has impressed their customers and started to catch the attention of investors on Wall Street.
Intelligroup is an ERP (Enterprise Resource Planning)-focused enterprise applications systems integrator that provides consulting and application management to other IT services for global corporation. Intelligroup took a major step towards enhancing their future with the announcement that it will release its third quarter financial results and host a conference call this morning at 10:00am Eastern Standard Time.
Amongst the highlights of the call will be that the company’s EPS rose to $0.09 versus $0.06 on 330 basis point gross margin improvement and their depreciation and amortization decreased by 18.3% to $7.4 million compared to the same quarter in 2008. The success of Intelligroup is mainly due to strong corporate leadership that has continued cost optimization efforts while increasing revenues.
Leading the way at Intelligroup is Vikram Gulati who serves in the capacity of President and CEO. Prior to Intelligroup, Gulati served as the head of Wipro’s global Enterprise Application Solutions Group, where he was responsible for growing Wipro’s worldwide ERP practice revenue from $20M to $160M over a four year period.
In response to the third quarter results, Gulati stated, “Intelligroup made continued progress in the third quarter in managing our margins, and these efforts have yielded improved profitability and allowed us to maintain strong cash flow. Our revenue for the quarter increased by 2.5% as compared to the previous quarter.”
Another one of the major reasons for the vast improvement at Intelligroup is the leadership of their CFO Alok Bajpai. Bajpai is a rank holder Chartered Accountant from India, Certified Public Accountant from the US and a Management Graduate from Manchester Business School, UK. Prior to Intelligroup he served Infosys as their Associate Vice President and was in-charge of the entire Global Accounts function. With this impressive resume and aggressive business style, Bajpai is becoming an acclaimed name in the industry.
When asked about the future of Intelligroup, Bajpai was quoted as saying, “The recent challenges we have experienced in the IT services market have driven us to substantially improve upon our operational metrics and successfully achieve disciplined cost management. We are working diligently to institutionalize these disciplines for the long term so that we can achieve the greatest possible benefit as demand for IT services begins to recover.”
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