Chennai-based Polaris Software Lab, a global leader in specialty application development for the banking, financial and insurance sector, has declared its unaudited results for the quarter ended December 2008.
The net profit of the company soared by 94%, to Rs 37.17 crore for the third quarter ended December 31, 2008, against Rs 19.12 crore in a corresponding quarter a year ago.
Total revenue increased by 31%, to 372.58 crore during the period under review as compared to Rs 282.14 crore in the previous year period.