India: Rolta India, the geospatial information solution (GIS) firm, aims to earn 20% of its revenues from intellectual property (IP) based solutions. IP’s contribution in the firm’s revenues currently is around 8%.Its third quarter (January-March) FY10, revenues grew 5.1% to Rs400.5 crore and net profit grew 6.9% to Rs 67.1 crore as against the previous fiscal’s comparable figures.
OneGIS which Rolta recently acquired in the US has one IP. The acquisition provides Rolta an expertise in mobile GIS which is targeted at field force automation usages. Rolta currently earns about 75% of its revenue from GIS and engineering design services.
“The IP in our GIS business has seen lot of traction since last year. The business has a high component of IP-driven solutions of around 17%,” said Hiranya Asher, the company’s Chief Financial Officer.
Source: DNA India