FCS Software Solutions Ltd Posts a Turnover Growth of 46.35%

Date: June 02, 2004

NOIDA (Near New Delhi): The Noida-based IT solutions company, FCS Software Solutions Ltd, has registered a 46.35% rise in its turnoverin 2003-04 as compared to the previous fiscal. The FCS turnover growth is on account of new customer acquisition as well as growth of business from existing customers in all its three key focus areas - e-Learning and Digital Content Services; IT Consulting and Business Applications; and Product Engineering Services.

Year 2003-04 saw strong focus on employee productivity measures, including the introduction of Digital Workplace, an application that helped the company reduce employee bench time and the development span. "This, coupled with our precise offshore models of end-to-end information lifecycle management and service delivery, has contributed to our growth," says Mr Dalip Kumar, Managing Director of FCS Software Solutions Ltd.

Adds Mr Vineet Narang, VP (Strategic Planning and Business Development) at FCS: "Our growth can be attributed to two primary factors. First, our competitive edge offers a distinct advantage to organizations seeking solutions that can be deployed quickly and efficiently. Second is our ability to execute a successful offshore delivery model."

Year 2003-04 also witnessed introduction of innovative steps to engender and sustain a fun workplace at FCS. These include the launch of FCS Leadership Program (FLP), FCS University, and our corporate monthly newsletter, Reflections. FLP earned accolades for its practice environment, which contains a diagnostic approach. Other employee programs for skill enhancements and personal goal achievement, along with training workshops, have proved fruitful exercises towards the creation of a healthy work environment. The FCS cricket team too won the CRY Cadence Cup this year.

The company believes that with current order book and accepted orders from existing clients, it would be able to sustain a growth of 30 to 35% in the current fiscal year. The US market is showing recovery and with stable foreign currency, FCS is geared to achieve the future growth.