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Bug with date conversion while retrieving account record using rest v10

Question asked by dhavaldarji dhavaldarji on Apr 1, 2014
Latest reply on Apr 10, 2014 by dhavaldarji dhavaldarji
Working on SugarCRM Professional, Version 7.1.0 (Build 1040).
While i do retrieve account record using Rest API v10 by 
It returns account record, but there seems problem with date_modified value, it returns "2014-04-01T12:29:00+05:30".
When i check the record in database, it has value, "2014-04-01 06:59:10".

Now when i convert it to gmdate using 
gmdate("Y-m-d H:i:s", strtotime("2014-04-01T12:29:00+05:30"));,
it returns, "2014-04-01 06:59:00".

So the "seconds" part of the date is lost.

Tried with different records, but same problem with seconds.

Is this a bug?