(1888PressRelease)
August 14, 2007 - Chennai based LatticeBridge Infotech; front-runners and pioneers in Automated Speech Recognition (ASR) Technology, today announced its consolidated audited results for the year ended 31st March 2007.
Highlights of the results –
Financial year ending 31st March 2007·
Sales turnover surges by over 376% - Rs. 829.22 lakhs (YOY growth)·Net profits up by 285% - Rs.76.76 lakhs (YOY growth)·
Declares a maiden dividend of 10% to shareholders·
Achieves one million calls per day in Automated Speech Recognition- a first in India·
Scales up to address speech market in 11 languages (10 Indian and 1 Arabic)·
Sets up own office in UAE – RAK free zone·
Enters into partnership tie-up in Republic of South Africa·
Scaled from 300 live ports in total to about 4200 ports across all installations including a 3600 ports for a single customer
Commenting on the results, Mr. C. Mohan Ram Managing director of LatticeBridge Infotech said: “The financial year of 2007 was a record year for the company. The strong growth was driven by the boom in the Telecom and BFSI sector and the exceptional performance of our team and we look forward to maintaining our leadership position in the Speech recognition technology space”.
The Board of Directors at the AGM recommended the maiden dividend of 10% on the paid up share capital of the company. According to the current expansion plans, the company has opened its first overseas office in the UAE’s (RAK free Zone). It has entered into partnerships / tie-ups in the Republic of South Africa and has established full-fledged offices in India at Bangalore, Mumbai and Delhi.
Some of the early adopters of Speech Technology solutions include industry leaders like Indian Railways, Airtel, BSNL, State Bank of India, Tata Indicom who use ASR technology pioneered by LatticeBridge Infotech.
About LBIT: Lattice Bridge is the pioneer and leader in speech recognition technology. LBIT is five years old. It is funded by the Venture East Tenet Fund (the TeNeT group of IIT-Madras – Professor Ashok Jhunjhunwala’s associates). LBIT is funded by leading Indian VCs, SIDBI Venture Capital (Government of India enterprise managing funds of Min. of IT & Communication) apart from the Venture East Tenet Fund.LBIT has over forty ready to deploy speech/voice applications in logistics, transport and travel, BFSI, Telecom (VAS), and customer care. LBIT has the distinction of launching the world's first ‘Tamil Speech Recognizer' in the telephony environment and ‘first-ever large scale public deployment of Automatic Speech Recognition (ASR) application’ in India for Indian Railways. LBIT has implemented an ASR solution for customer care in a Telco in ten languages for first-time in India (covering almost 85% callers, who opt for vernacular as their preferred language). These include Hindi, Punjabi, Oriya, Bengali, Tamil, Kannada, Malayalam, Telugu, and Gujarati apart from English. LBIT is the system implementation partners of Nuance Inc., USA (world leader in Speech Technology) in India. LBIT’s partial client list includes the following leading blue chip companies: Indian Railways, State Bank of India, Tata Indicom, Container Corporation of India, Airtel, BSNL, Etihad Airways, Etisalat.
For Further details please contact
Ms. Chandrika RaviManager – Marketing Services
LatticeBridge InfoTech
Mobile 9444394285
cra ( @ ) lbinfotech dot com
Web site: www.lbinfotech.com
Perfect Relations
Ajay Padmanabhan
Mobile: 9840398904
Aarthi JayaramMobile :- 9940664489
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