Indirect tax technology firm BillSoft said it gained 88 new contracts in the year spanning September 2010 to August 2011.
BillSoft also reported that its compliance department has shown a 32% growth from August 2010 to July 2011, representing nearly $1.1 billion.
The company has also filed on behalf of its clients $99 million of tax liability with various tax jurisdictions.
BillSoft reported an annualized growth of 14% and a net profit of 7.5% for its fiscal year that ended March 31, 2011.