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Tanla Solutions Q1 net up 70 %

HYDERABAD: Tanla Solutions, a telecom software and services provider, posted a 70 per cent rise in net profit at Rs. 56.41 crore in the first quarter of the current fiscal, against Rs. 33.25 crore in the corresponding quarter in the previous year. Total revenues went up to Rs. 168.86 crore from Rs. 94.51 crore. Uday Reddy, Chairman and Managing Director, said on Monday that the company acquired a Finnish company, Openbit, for $15.81 million (about Rs. 60 crore). — Special Correspondent

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