OREANDA-NEWS. Tata Elxsi, a global design company and part of the USD 100-billion Tata group, reported consolidated revenues of Rs200 crore for the quarter ending December 31, 2013, indicating a growth of 28 percent YoY (Rs157 crore in Q3 FY13) and 5 percent QoQ (Rs190 crore in Q2 FY14).

PBT for Q3 FY14 was Rs33 crore, showing a growth of 159 percent YoY (Rs13 crore in Q3 FY13) and 9 percent QoQ (Rs30 crore in Q2 FY14).

Its services segment, comprising embedded / electronic design, industrial design and VFx services, grew by 30 percent to Rs183 crore YoY.

Commenting on the Q3 FY14 performance, Madhukar Dev, MD and CEO, said, “The company has registered continued growth across services and geographies. Its international revenues have grown QoQ inspite of the negative currency impact as compared to the previous quarter. Profits have also shown a consistent and significant increase on a YoY and QoQ basis. The company will continue to focus on scaling its electronic design and ID businesses, building domain-centric capabilities and integrated offerings in select verticals, including broadcast and media, transportation, communications, semiconductor and medical electronics.”

Recently, Tata Elxsi showcased a range of innovative solutions at the International CES 2014 in Las Vegas, the premier show for technologies and innovations in consumer electronics. This included solutions and capability demonstrators for next generation in-vehicle infotainment, HEVC decoders for ultra HD video, RDK-based solutions for MSOs and operators, and prototype concepts for security in connected cars.

Tata Elxsi's Visual Computing Labs won the Filmfare award for best VFx in Dhoom3 at the 59th Filmfare Awards event held on January 24, 2014.

Headquartered in Bangalore, India, Tata Elxsi's global network of offices includes those in Dubai, France, Germany, Japan, Malaysia, Singapore, South Africa, UAE, the UK and USA.