Q1 Results of I-Flex Solution

I-Flex Solutions has announced its results for the quarter ended June 2008, Q1. Its consolidated revenues were down 6% at Rs 631.8 crore versus Rs 672 crore, QoQ. The company's net profit was down 43% at Rs 105.6 crore versus Rs 185 crore, QoQ. The company has signed new license fee of USD 17 million. They added 14 new customers.