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Compucom Software fiscal Q4 profit falls YOY

Compucom Software Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 17 Indian paise per share, compared with 17 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.5 million rupees, a decrease from 13.8 million rupees in the prior-year period.

The normalized profit margin rose to 10.5% from 8.5% in the year-earlier period.

Total revenue decreased 20.6% year over year to 129.1 million rupees from 162.5 million rupees, and total operating expenses fell 31.9% on an annual basis to 101.6 million rupees from 149.3 million rupees.

Reported net income grew 46.4% on an annual basis to 16.6 million rupees, or 21 paise per share, from 11.3 million rupees, or 14 paise per share.

For the year, the company's normalized net income totaled 78 paise per share, a decrease of 33.0% from 1.17 rupees per share in the prior year.

Normalized net income was 62.3 million rupees, a decrease of 32.8% from 92.8 million rupees in the prior year.

Full-year total revenue declined 25.3% from the prior-year period to 560.6 million rupees from 750.2 million rupees, and total operating expenses decreased 26.6% year over year to 442.4 million rupees from 603.1 million rupees.

The company said reported net income declined 43.1% on an annual basis to 53.3 million rupees, or 67 paise per share, in the full year, from 93.7 million rupees, or 1.18 rupees per share.

As of May 29, US$1 was equivalent to 63.76 Indian rupees.