Trigyn Technologies gets locked at upper circuit after winning overseas project
DSIJ Intelligence / 02 Mar 2017
Trigyn Technologies has won a 12-year project from State of Maryland’s Department of Information Technology. The company will serve an IT contract of Indefinite Quantity Fixed Price & Time & Materials, Consulting & Technical Services.
Trigyn Technologies has won a 12-year project from State of Maryland’s Department of Information Technology. The company will serve an IT contract of Indefinite Quantity Fixed Price & Time & Materials, Consulting & Technical Services.
Trigyn Technologies’ contract covers functional areas, which includes Enterprise Service Provider, Web & Internet Services, Electronic Document Management, Geographical Information Systems, etc. The functional areas include 114 labour categories.
The awarded project enabled Trigyn Technologies to expand its public sector business throughout the State of Maryland. The company also holds contracts with Baltimore City, Baltimore Country and Baltimore Country Public Schools.
Trigyn Technologies’ revenue increased 9.45 per cent to Rs 170 crore in Q3FY17 as compared to same period in previous financial year. The company’s operating profit also rose 6.49 per cent to Rs 14.64 crore in Q3FY17 on a yearly basis. However, its net profit declined 8.8 per cent to Rs 8.08 crore in Q3FY17 on a YoY basis.
The stock price of Trigyn Technologies increased 4.98 per cent in early trades, and is locked in upper circuit at Rs 114.85 on an intraday basis.
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