Mastek business outlook

The Company's past efforts and recent initiatives have begun to yield results, as reflected in the noticeable growth in existing client relationships, low attrition levels, and a more attractive opportunity pipeline. This trend is likely to continue and gain pace as the Company capitalizes upon unfolding opportunities during the subsequent quarters.

For the October-December 2007 quarter, Mastek expects its consolidated total income to reflect improved contributions from all key geographies and be in the range of Rs 215 to Rs 220 crore. Net profit after tax and minority interest is likely to be in the range of Rs 25.5 to Rs 26.5 crore.

For the full year FY 2008, the Company is expected to deliver a 35% growth (in dollar terms) over FY 2007 (after excluding contributions from the Deloitte JV) on the back of a strong sales pipeline and additional strategic acquisitions.