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GENESYS Profits Decline 8.77% YoY To Rs 4.57 Crores In Q2-FY14

genesysGENESYS International Corporation, the parent company of recently launched street-view portal WoNoBo, has reported an operational income of Rs 23.05 crores for the quarter ending September 30, 2013 (Q2-FY14), down 23.60% from Rs 30.17 crores reported at the end of June 30, 2013 (Q1-FY14) and down 24.15%  from Rs 30.39 crores reported at the end of the same quarter last year (Q2-FY13). The company has reported a net profit of Rs 4.57 crores at the end of Q2-FY14, down 38.24% from Rs 7.40 reported at the end of Q1-FY14 and down 8.77% from Rs 5.01 crores reported at the end of the same quarter last year.

WoNoBo was launched by A. N. Virtual World Tech Ltd, offering a 3D view of cities, similar to Google’s street view. It was incubated by the company at a cost of around $35 million.

Started in 1995 with headquarters in Mumbai, GENESYS offers Geographical Information System (GIS) and Geospatial Engineering services to businesses, government and consumers. GENESYS has 2000 employees, across operations in USA, UK, Europe and UAE with clients in USA, Europe, New Zealand, UAE and India.

Apart from WoNoBo, it also offers services like TeleSCAPE, which is an enterprise solution that covers ground surveying and mapping. InfraSCAPE provides terrain models and mapping information that is required for planning, design and maintenance. Market Analysis and Route Planning System (MARS) allows analysis of market statistics based on Census data to help brand promotion based on selected census parameters. CitySCAPE and WaterSCAPE are other solutions developed by the company targeted at governments to provide GIS data for urban planning and development.

Download: Financials

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