MUMBAI: The counter of small-cap software testing player Thinksoft Global Services has been buzzing for the last few days. The stock has gained 19% in the three trading sessions to Tuesday. It has jumped 11% in the afternoon session on Tuesday alone. The company's financial performance in FY12 was stellar with six-fold increase in net profit and better operating margin. The management's confidence to retain a double-digit growth rate in revenue has supported the stock in otherwise choppy domestic equity market.
Thinksoft undertakes financial software testing assignments from clients across USA, Europe, and Asia Pacific. The company clocked Rs 121.4 crore of consolidated revenue in FY12, which grew by 46% year-on-year. Its net profit zoomed six times to Rs 11.3 crore. The incremental revenue came at a hogher margin as overall margin catapulted by 717 basis points to 10.6% from the year ago.