Intelligroup-press releases: media mentions

FOURTH QUARTER PERFORMANCE
The Company reported fourth quarter 2007 revenues of $38.3 million, which marks a slight increase from $38.0 million in the third quarter of 2007 and a 19.6% increase from $32.0 million in the fourth quarter of 2006. The Company's average onsite bill rates increased by 2% in the fourth quarter of 2007 as compared with the third quarter of 2007 and the fourth quarter of 2006, while the Company's average offshore rates were relatively flat in the fourth quarter of 2007 as compared with the third quarter of 2007 and the fourth quarter of 2006. The Company's gross margin increased to 30.8% for the fourth quarter of 2007 as compared with 29.1% in the third quarter of 2007. Due to its focus on effective cost management strategies, the Company's gross margin improved substantially from 23.3% in the fourth quarter of 2006 to 30.8% for the fourth quarter of 2007. The Company reported operating income from continuing operations of $3.1 million, which marks a 49% increase from $2.1 million in the third quarter of 2007 and 219% increase from an operating loss of $2.6 million in the fourth quarter of 2006.

FULL YEAR PERFORMANCE
The Company reported revenue of $145.1 million for the fiscal year 2007 which is a 15.8% increase from revenue of $125.3 million for the fiscal year 2006. The Company reported gross margin of 27.4% for fiscal 2007 which is relatively flat as compared with 27.3% for fiscal year 2006. The Company's operating performance improved by $6.5 million from an operating loss of $3.3 million in fiscal year 2006 to operating income of $3.2 million in fiscal 2007.

ABOUT INTELLIGROUP
Intelligroup is a vertically-led ERP focused life cycle management partner serving global corporations as well as public sector clients. Its proven Global delivery model has enabled customers to accelerate results and reduce costs significantly. With deep expertise in industry-specific enterprise solutions, Intelligroup has earned a reputation for consistently exceeding client expectations. Intelligroup develops implements and supports IT solutions for some of the largest U.S. school systems and global corporations including Hershey, Abbott Labs, Eastman Chemical, Hitachi, and Kimball International.

SAFE HARBOR STATEMENT
Certain statements contained herein, including statements regarding the development of services and markets and future demand for services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995).

Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, continued uncertainty of the IT market and revenues derived from application management business, uncertainty in revenues for traditional professional services offerings, loss of one or more significant customers, reliance on large projects, concentration of revenue, unanticipated costs associated with continued litigation, ability to attract and retain professional staff, dependence on key personnel, ability to manage growth effectively, risks associated with strategic partnerships, various project-associated risks, including termination with short notice, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations and other risk factors detailed under the caption "Risk Factors" in Intelligroup's annual report on Form 10-K for the period ended December 31, 2007. Intelligroup disclaims any intention or obligation to update forward looking statements as a result of developments occurring after the date of this press release.

Intelligroup and the Intelligroup logo are registered trademarks and 'Creating the Intelligent Enterprise', 4Sight, 4Sight Plus, ASPPlus, myADVISOR, ASPPlus Power Upgrade Services and Uptimizer are service marks of Intelligroup in the U.S. and other countries. All other trademarks and company names mentioned are the property of their respective owners.