STG Net Soars by 203 Percent

New Delhi, India - (July 1, 2000) Software Technology Group International Ltd. (STG) has posted a net profit of Rs 1.82 crore during the first quarter of the current fiscal year, registering a growth of 203% over the corresponding period of last year.

In view of encouraging annual results for the year ended March 2000, showing a record growth of 65% and 328% in revenue income and net profits respectively, the board of directors have recommended a higher dividend at 20% for the year ended March, 2000 against 10% of previous year.

STG has put into effect an ambitious expansion program of its software development division, focusing on high growth areas of activities like business-to-business (B2B) e-Commerce solutions to the global marketplace. STG has recently launched a B2B e-commerce portal named digitaltradeb2b.com, which is the first major step to fulfill STG's e-commerce strategy, which comprises of ERP, Web-enabled applications, B2B solutions, portals, and finally integration with WAP based applications.

About STG

STG, an ISO 9001 company, is a leading IT services organization, focusing on providing advanced software education, corporate training, and e-business solutions. Since its inception in 1993, STG has grown and gained a national presence with over 300 centers spread across 7 countries. It focuses on advanced software training and has trained and upgraded the skill sets of over 150,000 software professionals to world standards. STG has alliances with global technology leaders like Oracle, Microsoft, IBM, Sun Microsystems, and Lotus. Its courses are also recognized by the American Council on Education for credit recommendations at over 1,100 colleges and universities in the US.