Godrej Industries

Godrej Reports Profits in All Segments in Q4

Godrej Reports Profits in All Segments in Q4

Godrej Industries has posted a remarkable rise in fourth-quarter profits for fiscal year 2010. The total profit in the quarter amounted to 203.25 crore rising from Rs 111.47 crore on a year-on-year basis. THE Company’s consolidated rates also surged to Rs 3,414.17 crore from Rs 3,361.69 crore.

Chairman Adi Godrej told the Godrej Properties and Godrej Consumer Products have played a significant role in adding to the profits. He also said the Company is looking forward to a rise in the income in fiscal year 2011.

HP signs 10-yr outsourcing agreement with Godrej

Godrej Industries and Godrej Consumer Products have inked a 10-year outsourcing pact with Hewlett Packard (HP). 

According to the source, the agreement will include application development and maintenance, infrastructure management and transformational initiatives. 

As part of the contract, HP will also acquire the staff working in the IT operations of the two companies.

According to the reports, the IT management faculty will be retained by Godrej, while the IT operations staff will move to Hewlett Packard.