Optimism for Foursoft after 62pc EBITDA rise

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Software company Foursoft saw its EBITDA rise by 62 per cent in its financial year 2011-2012.

The firm reckons this is down to increased traction in shipper and manufacturing domain space, and its strong order book.

Palem Srikanth, chairman and managing director, said: “Despite challenging environment, we have been successful in achieving good results by offering advanced solutions on licensed as well as SaaS model, improving on time delivery capabilities and enhancing overall customer experience. The outlook for the current year is very optimistic and we are confident of an exponential increase in profits in 2012-13.”

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