Geodesic, the digital messaging and content solutions company, has reported consolidated net sales of Rs 203.43 crore for the quarter ended June 30th 2012, down by 18.14% from Rs 248.51 crore reported during the same quarter last fiscal. The net profit for the period was Rs 42.42 crore, a sharp decline of 49.4% from Rs 83.85 crore profit during the same quarter last fiscal. The company says, that in a bid to make the company financially stronger, it has consciously decided to reduce its exposure to customers whose payment cycles have been affected/ stretched due to the global economic crisis. Geodesic blames the reduced exposure for the fall in its sales during the last quarter. Geodesic also informs that it is aligning with 'stronger partners' to consolidate business and for revenue growth. It says that it has remodeled its product and business lines to extend its reach to include new market segments including pharmaceutical, logistics and FMCG. Download: Press Release | Financials Product Updates: - Geodesic launched e-TORF (True or False) – a product authentication and validation service. e-TORF allows a consumer to identify the genuineness of the product he/she has purchased by sending an SMS to a pre-designated mobile number. e-TORF’s uses simple numbered scratch cards printed on the product coupled with an SMS to authenticate and validate a product. It is currently undergoing trials with established companies and brands, according to the company. - Spokn, the company's VoIP service launched a web and a mobile call back service, which, as per Geodesic,…
