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Four Soft H1 revenues grow 228% and profits grow 272%, Profit exceeds Rs.100 million

Highlights
Consolidated results for the half year ended September 30, 2006

• Income was Rs. 800.21million for the first half year ended September 30, 2006; growth of 228% over corresponding half year ended September 30 2005
• Net profit after tax was Rs. 100.20million for the first half year ended September 30, 2006; growth of 272% over corresponding half year ended September 30 2005

Others

• DHL Global Mail, a business unit of Deutsche Post World Net, has selected the 4S iLogistics product suite as the platform to manage their day to day logistical operations
• Launched eTrans 2.1, the next version of its web-centric solution for transportation and freight industry
• Addition of 128 employees in the last quarter
• Significant breakthrough in closing new businesses with large existing clients

Mumbai, October 20th 2006 - Four Soft Limited (4S) (NSE: "FOURSOFT", BSE: 532521), A global leader in software solutions for transportation and logistics industries, has reported PAT of Rs. 100.20 million for the half year ended September 30, 2006 as compared to Rs. 26.96 million in the corresponding half last year. The revenues touched a new high of Rs. 800.21 million for the half year ended September 30, 2006 as compared to Rs. 243.43 million in the corresponding half last year.

Income was Rs.401.80 million and Net profit was Rs.49.65 million in the last quarter ended September 30, 2006. Four Soft with its focus on domain and cutting edge technology continues to attract the best talent in the industry. During the quarter the company added 128 new employees. The company continues to strengthen its core product development and delivery capabilities and has launched eTrans 2.1 the next version of its web-centric solution for transportation and freight industry.

Mr. Srikanth Palem, CEO & Managing Director, Four Soft Ltd. said, “Our strategy of focusing on customers and their business demands has begun bearing fruits and resulted into winning new business from large customers like DHL & Panasonic.E/p>

About Four Soft Limited
Four Soft is an enterprise solutions company providing innovative software products, exclusively for the freight, transportation, logistics and supply-chain management market place and also offers IT consultancy services. It is among the leaders in the transportation and logistics segment with a large international client base including the majority of the top transportation & logistics companies in the world. The Company adopts a global development and delivery model leveraging the engineering talent of India and the account management and delivery skills of its regional offices. The Company has large customers including Eagle Global Logistics (EGL), DHL, Kuehne+Nagel, Schenker, Mastushita, Panasonic Logistics, UTi and Geodis. Additional information about Four Soft is available at http://www.four-soft.com.

For further information contact:
Biju Nair - +91 9866551812
nair.biju@four-soft.com
Four Soft Limited