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Nitin Tappe, Vice President and Head, Software Services, Geometric is of the opinion that enterprise software vendors that have forayed in the PLM space still have a long way to go in terms of developing products that are at par with those from PLM specialists. He discussed the current market dynamics and key industry trends .

Highlights for financial year ended March 31, 2011 (FY11): 1. The company's consolidated revenues rise 21.3% to Rs. 6,206.12 Mn for the year, as against Rs. 5,115.62 Mn last year 2. USD revenues rise 26.2% to USD 136.47 Mn from the previous year 3. FY11 net profit increases 23.3% to Rs. 575.21 Mn, compared to a profit of Rs. 466.60 Mn in FY10 4. Revenue contribution from the US increased from 63.3% to 72.8%, signifying the revival of the geography after the recessionary trends seen in the previous year 5. EPS of Rs.9.24 in FY11, as against Rs. 7.51 in FY10 Added 33 new customers during the year