Chennai and US-based life sciences tech provider TAKE Solutions has reported a revenue of Rs 583 crore for the June quarter, which is 9% growth from the previous quarter and 24% growth from the corresponding quarter in 2018.

Quarterly net profit was at Rs 46 crore , rising almost 70% from the previous quarter. However, profit fell 15% from same quarter last year when the company made Rs 54 crore in profit.

“TAKE has seen strong numbers in terms of revenue growth. We are on track in terms of our vision to be a 500-million-dollar enterprise by 2021 and have achieved $83.6 million this quarter,” said Srinivasan H R, vice- chairman and MD, TAKE Solutions.

The company sustained its growth in revenues and profits on account of the business strengthening initiatives of the earlier years that now came to fruition, he added.

Life sciences vertical, which makes almost 94% of the business today, is growing faster than the overall business. “Revenue from life sciences has grown at 7.63% CQGR (compounded quarterly growth rate) as compared to overall growth in revenue of 6.02% CQGR,” the company said.

Two of the top five global pharma companies have also renewed their long-term “multi-million-dollar” contracts till 2022, TAKE Solutions added.

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Registered Office

No. 27, Tank Bund Road,
Nungambakkam,
Chennai - 600034, India

Email : contact@takesolutions.com

Phone : +91 44 6611 0700/701

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