March 9, 2016

Scrip code: 532379

Release
Sub: Firstobject Technologies Limited To See Performance Turn Around
During
F.Y: 2015-16
Firstobject Technologies Limited is going to achieve turnaround performance during FY
2015-16 after constantly undergoing through losses for the past two financial years. The
company was on a burning platform, losing money with negative cash flows, as the company has
gone through the problem of hackers/pirates piercing into the companys proprietary software
and damaged the earnings scenario substantially. To prevent such risks the company has taken
substantial steps and strengthened its product portfolio from all security aspects. The company is
also in the course of filing a legal recovery suit on the hackers/pirates who have been identified
as the culprits.
Two years ago, in the face of such a prognosis, it seemed impossible for Firstobject to
turn things around but, in fact, the company did during FY 2015-16.
The turnaround became a reality for the following reasons:
1) The brand equity of the companys educational products helped a lot and companys
educational products have been adjudged as the BEST QUALITY products by FTAPCCI,
Andhra Pradesh.
2) The companys analysts forming part of the KPO have been adjudged as STARMINE
analysts for 2015 by THOMSON REUTERS.
3) During the year 2015-16, the company has installed its educational products in more than
1000 boards of various educational institutions.
4) The company has successfully launched an e-commerce platform under the portal name
www.firsteducom.com which caters to the educational e-learning products.
5) The company also has revised its content for engineering entrance examinations and
offers on-line test taking facilities to aspirants through www.firstengineeringschool.com
6) The company updated its offerings for management entrance examinations and offers online test taking facilities to aspirants through www.firstmanagementseries.com
7) The company has cut-down its costs and also phased out non-profit making business.
8) The company is energizing its focus on IT/ITES, KPO, BFSI, E-Commerce and Eeducation areas.

9) The company also started offering its products through paytm and snap deal.
As a result of the factors as mentioned above, the company is poised for a modest and
decent positive turnaround for the FY 2015-16.
The company will focus on its core-strengths and will focus on more bottom line driven
approach.
Commenting on this Dr. Sriram Kumar, Managing Director of the company has stated
that, we have gone through a course correction or a momentum shift because of
disruptive risk factors like hacking and piracy. We are happy that through meaningful
ways we could mitigate the risk factors on the product security front and delighted to see
a modest performance turnaround this financial year. However, with the building of
further product pipeline, which is under progress, we may reach to a respectable size by
2019-20.