This has been a wonderful quarter for us, in terms of the work we’ve delivered as well as the overall revenue. Comparing to the same quarter last year, our revenue has increased 800%. Compared to last quarter, the revenue has increased 21% (a little less than expected). In terms of head count, we’ve grown by 21% from last quarter and 154% from the same quarter last year.
Looking forward, we expect our head-count to grow by 32% and our revenue to grow by a further 52% as compare to this quarter.
This quarter we’ve made huge strides in growing our business. We’ve acquired new customers from Germany and the US, released 5 products for our clients. In the coming quarter we are planning to release quite a few new products for our clients as well as ourselves. In the coming quarter, we hope to get our office in Ravensburg operational.
In terms of technology acquisition, we’ve developed technologies for media sharing, media mashups, and online collaboration. This quarter we are looking to optimize our architectures and design processes. We are also looking to further improve our project management process.
Keeping with our past policies, we’ve shared the success with all our employees. We’ve promoted a few to team leads, increased the entry level salary by 28% and have given salary increments between 10-25% in a single quarter. This is excluding the bonuses we’ve given in this quarter which are 70% more than bonuses given in the last quarter. We hope to continue rewarding and sharing the growth with our current and future employees.
July 2, 2007 at 11:42 pm
[...] outlook for Q3-07 July 2nd, 2007 This has been another strong quarter for us. In our last quarterly report we estimated that our revenues would grow by 52% and head count to increase by 32%. This quarter [...]