Glodyne Technoserve reported consolidated revenues growth of 11.6% qoq and 41.6% yoy to Rs 1721 mn, driven by 15% sequential growth in Tech IMS to Rs 1489 mn constituting 87% of the total revenues. EBITDA margins marginally improved by 50bps at 23%, whereas interest cost moved up 18% on qoq basis to Rs 30.1 mn. There were losses at other income level at Rs 28.5 mn (translation loss on foreign currency receivables). PBT up by 9% qoq to Rs 306 mn .Net profit for the quarter up by 10% qoq and up by 30% yoy to Rs 250.5 mn. During the quarter, Glodyne has added 10 new clients. On the back of consistent outperformance in topline against the guidance, Glodyne has increased its upper end revenues guidance for FY10E by 2% to Rs 7030 mn from Rs 6800 mn earlier. Total employees headcounts including subsidiaries crossed 1000 at the end of Q2FY10.