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New Delhi, July 6 (PTI) FCS Software Solutions today announced the launch of mobile applications division with an investment of Rs 200 million. "FCS launches mobile applications division with Rs 200 million planned investment," the company statement said. The company registered seven billion application download made by mobile users and revenue of about four billion dollar in 2009, it said. With a cumulative average growth rate (CAGR) of 64 per cent, the company''s revenue from this segment will grow to USD 24.4 billion by 2015, it noted. Noida-based FCS, which is listed on BSE and NSE, further said that the new mobile applications division could become a major revenue stream in the next two-three years and the management would actively look at acquisitions in this space. FCS has been managing IT consulting services, education and infrastructure management services for the past 17 years. PTI LUX.
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