8K Miles Software Services posts outstanding Q3FY17 numbers
DSIJ Intelligence / 09 Jan 2017
8K Miles Software Services declared its Q3FY17 results on Monday. The company’s revenue increased 16 per cent to Rs 142 crore in Q3FY17 as compared to the previous quarter.
8K Miles Software Services declared its Q3FY17 results on Monday. The company’s revenue increased 16 per cent to Rs 142 crore in Q3FY17 as compared to the previous quarter. Its EBITDA too rose 15 per cent to Rs 48.8 crore in Q3FY17 on quarter-on- quarter basis. 8K Miles Software Services’ net profit also increased 14 per cent to Rs 26.86 crore in Q3FY17 as compared to the previous quarter.
On nine-month financial basis, 8K Miles Software Services’ topline almost doubled to Rs 368 crore in 9MFY17. The company’s EBITDA rose by more than two-fold to Rs 128 crore in 9MFY17 as compared to the same period in previous fiscal year. Its bottomline soared 2.5 times to Rs 69.81 crore in 9MFY17 on a year-on-year basis.
The acquisition of Cornerstone Advisors in December 2016 will further strengthen 8K Miles position as a partner, consultant and technology solutions provider to the US Healthcare clients. There is a critical need for differentiated cyber security, continuous compliance and governance solutions while moving agency applications from on-premise to the public cloud.
The share price of 8K Miles Software Services increased 4.32 per cent on the bourses in early trade and is trading at Rs 703.75 on an intra-day basis.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.