The Hyderabad-based company is ranked at #19 this time, against #21 last year. Sierra Optima, a mid-sized company providing services in applications development and migration with specialization on the Oracle platform, reported revenues of Rs 20.30 crore, compared to Rs 15.18 crore in the corresponding previous year. Net profit jumped by 39% to Rs 5.51 crore in the year ended March 31. Sierra’s ROCE stood at 53%, placing it in the #2 ROCE position. Sierra is ranked at #35 in sales growth, #36 in net profit growth, #21 in gross block growth, #45 in sales and #38 in profits. The company is gradually shifting focus to providing services in e-commerce and emerging areas. However, it has found the going tough and has not managed to outperform the industry average. The company offers its services from its development center in Hyderabad and is part of US-based Sierra Atlantic.