Aptech Ltd. - Mid Cap Tech Stock Breaking Out
Sunshine days return for software training industry
Just a year ago, only die-hard optimists expected the software training market will ever look up. After it shrank 35 per cent to Rs 1,600 crore in 2002, a holocaust took care of the smaller fry Wintech, Zap and a brood of others vanished in no time.
But that was the past. In the carnage and reorganisation since 2000s dotcom bust, the mighty in IT education have more than survived. Theres now talk of making a killing beginning with a war over market share.
Aptech Q2 net up 8% at Rs 4.22 cr
Aptech Ltd has posted a net profit of Rs 4.22 crore for the quarter ended September 30, 2004, up by 8 per cent compared with Rs 3.9 crore in the corresponding quarter of the previous fiscal.
Income from operations has slipped by 24.4 per cent to Rs 20.18 crore from Rs 26.7 crore in the corresponding quarter of last year. The lower income is due to a drop in institutional revenues in the quarter at Rs 8.35 crore against Rs 15.28 crore in the corresponding quarter last year.
Aptech ties up with Telelogic to offer software analyst course
Aptech Ltd recently announced its tie-up with global IT solutions provider Telelogic to offer the latter's Certified Software Analyst course through its SSI Education centres in India.
"Customers in the US and Europe are looking at Indian companies as strategic partners who can manage their entire system and this is possible only if Indian companies use automation... Our collaboration with SSI education will provide high-end trained engineering graduates to Indian companies," Telelogic managing director Sidharth Malik was quoted as saying in a SSI release.
SSI, a division of Aptech Ltd, will offer hands-on training on the Telelogic tools which will help capture requirements, manage change and enable visual software engineering, it added.
See attached chart for trading signal, stoploss and profit targets.
Sunshine days return for software training industry
Just a year ago, only die-hard optimists expected the software training market will ever look up. After it shrank 35 per cent to Rs 1,600 crore in 2002, a holocaust took care of the smaller fry Wintech, Zap and a brood of others vanished in no time.
But that was the past. In the carnage and reorganisation since 2000s dotcom bust, the mighty in IT education have more than survived. Theres now talk of making a killing beginning with a war over market share.
Aptech Q2 net up 8% at Rs 4.22 cr
Aptech Ltd has posted a net profit of Rs 4.22 crore for the quarter ended September 30, 2004, up by 8 per cent compared with Rs 3.9 crore in the corresponding quarter of the previous fiscal.
Income from operations has slipped by 24.4 per cent to Rs 20.18 crore from Rs 26.7 crore in the corresponding quarter of last year. The lower income is due to a drop in institutional revenues in the quarter at Rs 8.35 crore against Rs 15.28 crore in the corresponding quarter last year.
Aptech ties up with Telelogic to offer software analyst course
Aptech Ltd recently announced its tie-up with global IT solutions provider Telelogic to offer the latter's Certified Software Analyst course through its SSI Education centres in India.
"Customers in the US and Europe are looking at Indian companies as strategic partners who can manage their entire system and this is possible only if Indian companies use automation... Our collaboration with SSI education will provide high-end trained engineering graduates to Indian companies," Telelogic managing director Sidharth Malik was quoted as saying in a SSI release.
SSI, a division of Aptech Ltd, will offer hands-on training on the Telelogic tools which will help capture requirements, manage change and enable visual software engineering, it added.
See attached chart for trading signal, stoploss and profit targets.
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