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Geodesic Q2-FY12: Profits Down 29.5% At Rs 60 Crore; Product Deployments

Geodesic, a digital messaging and content solutions company, has reported consolidated net sales of Rs 240.85  crore for the quarter ended September 30th 2011 (Q2-FY12) , up around 13.20 % from Rs 212.76 crore reported for the same quarter last fiscal. Net Profit for the period was Rs 60.08 crore, a decline of  29.52% as compared to Rs 85.25 crore during the corresponding quarter last fiscal. Downloads: Press Release | Financials The company points out that an amount of Rs 35.30 crore under depreciation/amortization includes amortization of goodwill, thereby affecting consolidated profits.. The company registered a notional loss of Rs 29.27 crore due to the US dollar appreciating against the Rupee. Product Updates Messaging: Geodesic launched Mundu Universal Messenger, a cross platform messaging application that allows users to send text and voice messages integrated with the phone's contacts. Mundu TV: Launched Mundu TV app for Blackberry during the quarter. Also added 17 new channels including ones offering content from NY Times and Mumbai's Bluefrog lounge. GeoAmida: Launched new range of GeoAmida devices that integrate a QWERTY keypad, camera and a magnetic swipe reader for use in mobile payments space. GPS Tracking System: Offered its GPS tracking system with video/still frames to provide security and traffic monitoring solution to Mumbai Police. Software & Solutions agreements: - Tied-up with China based hardware and software provider Shenzhen Geniatech to pre-load Mundi IM and Mundu Radio apps on its Android based TV set top box. - Telecom operator Loop launched Smart Chat IM service based on…

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