Infinite Computer Solutions said that its subsidiary, Infinite Convergence Solutions will continue its business association with Motorola to develop and support Motorola's software-enabled short message service and multi-media messaging service solutions.
The subsidiary will reproduce and prepare derivative works of the based licence product for developing an application product and related services to be sold as a licensed implementation to Motorola, its clients and third parties.
The business model is based on a revenue-share basis.
Infinite says that it estimates its share of revenue per year in the new fiscal to be around $ 20 million to be doubled to $ 40 million in a year.
The company reported net profit of Rs 20.44 crore at a sequential rise of 22.3%. Revenues however declined to 2.8% to Rs 160.90 crore. |