In an optimistic mood after signing a USD 1 million deal with Anark Corporation, Manu Parpia, managing director and chief executive officer, Geometric says the company will be growing well in the days to come.
Speaking to CNBC-TV18, Parpia says that the company is getting deals from a diverse set of geographies and though the Q2 and Q3 performance is a little uncertain, the company will see strong growth on the back of new opportunities.
The company has signed a deal with Anark Corporation and has announced the expansion of their strategic partnership with Geometric Americas.
Below is the edited transcript of Parparia’s interview to CNBC-TV18.
Q: You all did some bit of an investment in Anark Corporation. Could you give us some financials and details of the deal size of this particular investment that you are making?
A: This is an investment with a view to give us a strong position in the emerging visualisation technology. The deal size is about USD 1 million.
Q: Can you give us more details on how the business environment is looking for you this quarter especially in terms of the quantum of deals which you might be bidding for or have won?
A: I will not talk about what we have won. However, in terms of bidding what we have seen is that there is good interest. We are seeing that there is fairly positive development that means there are deals coming, deals on the table which we are bidding for in diverse set of geographies. It was not just in one geography area. So, overall I feel positive. We have a major client which has this downturn, but that part continues and that is what has caused us the uncertainty.
Q: What is the quantum of the deal size that we could see and how is it translating in terms of sequential revenue growth for you, any guidance you can give us?
A: I will not be able to give any guidance. I continue to maintain what I have said. This quarter and the next look a little uncertain but what is giving me confidence is that the deals are coming in and there are lots of opportunities which are opening up. So, I see that as a positive but they will take some time to emerge, budgets are getting firmed up for next year and that is what is encouraging.