Dalal Street Investment Journal - - RECOMMENDATIONS | EQUITY -

The com­pany is into the busi­ness of cloud ex­pe­ri­ence so­lu­tions with promi­nence on cloud se­cu­rity, com­pli­ance and au­to­ma­tion. The com­pany has fetched rev­enue from cloud trans­for­ma­tion (43%), man­aged ser­vices (30%), se­cu­rity so­lu­tions (12%) and con­sult­ing (1%) in FY17. The com­pany has posted ex­u­ber­ant growth of 96.5% and 163% in rev­enue and PAT, re­spec­tively, in FY17. More­over, it has been post­ing con­sis­tent quar­terly topline and bot­tom­line growth since Septem­ber 2014 and had re­ported 17.3% and 11.2% rev­enue and PAT growth, re­spec­tively, in Q2FY18. The com­pany is eye­ing rev­enue of over USD 200 mil­lion over the next two-year pe­riod with cloud in­dus­try grow­ing at a faster pace than tra­di­tional IT and with higher op­por­tu­ni­ties from the health­care sec­tor. We, there­fore, rec­om­mend a BUY in the scrip for a tar­get of ₹620 and with a stop loss of ₹504.

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