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Megasoft Ltd.

BSE: 532408 | NSE: MEGASOFT |

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Series: BE | ISIN: INE933B01012 | SECTOR: Computers - Software Medium & Small

BSE Live

Dec 03, 16:00
33.70 1.60 (4.98%)
Volume
AVERAGE VOLUME
5-Day
139,340
10-Day
122,450
30-Day
87,312
235,507
  • Prev. Close

    32.10

  • Open Price

    32.85

  • Bid Price (Qty.)

    33.70 (49240)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 03, 15:52
33.10 1.55 (4.91%)
Volume
AVERAGE VOLUME
5-Day
326,677
10-Day
383,708
30-Day
385,604
94,125
  • Prev. Close

    31.55

  • Open Price

    32.50

  • Bid Price (Qty.)

    33.10 (30300)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2010 2005

Chairman's Speech

Interestingly, the growth was not only linear as expected; there was a deeper penetration of smartphones, growth in mobile internet usage and the progressive evolution of the mobile handset into a multi-functional, multi- tasking communications support system. What makes this mobilisation interesting is that it extended to serious multi-industry applications across the banking and payments industry, health care, transportation, entertainment and content distribution. With most global wireless markets fully liberalised, operators are facing stiff competition, investing in technology and constantly launching innovative services to stay ahead. Megasoft is well positioned, as it offers cutting-edge technology services to a number of wireless telephony companies, helping them enhance their viability in a competitive marketplace. Opportunities What excites us at Megasoft are the vast opportunities in front of us and our readiness for it. - Mobile commerce: With the growth of money transfers and consumer mobile payments, mobile commerce represents the future. The global money transfer business is estimated to grow from US$350 billion in 2007 to US$1 trillion in 2014 (source: GSMA Mobile Money Transfer 2009). Money transfers through mobile handsets are expected to account for a significant slice of this market. Besides, mobile banking is being increasingly seen by many countries as the best way to expand banking services to un-banked population clusters in their respective countries, circumventing the conventional brick and mortar approach completely. - Mobile advertising: The explosive growth in mobile subscribers is leading to a tremendous scope in advertising. The global mobile advertising market is expected to grow to around US$13 billion by the end of 2011; Asia-Pacific is expected to account for the majority of revenues (Source: smarte-commerce.com, January 10, 2011). Mobile advertising is also poised to leverage the diffusion of advanced smartphone devices and the rapid expansion of 3G networks across countries. - Mobile banking: The electronic payments industry is growing rapidly in developing countries as mobile services address a service gap critical to their development. The advantages of mobile payments comprise transaction speed, no credit card reading, no paper slips and enhanced security. The electronic wallet will make purchases convenient all the time. Users of m-banking and related services (including money transfers) doubled between 2008 and 2009 to 55 million and are expected to reach 894 million by 2015 (Source: mobithinking.com) - Smartphone penetration: By the end of the FY 2011, the global smartphone market is expected to grow to 49.2% as more consumers and enterprise users turn to smartphones with advanced features. According to the International Data Corporation, smartphone vendors will ship more than 450 million smartphones in 2011 compared to the 303.4 million units shipped in 2010; the smartphone market is expected to grow more than four times faster than the overall mobile phone market. As a mobile technology specialist, focused on real-time transaction processing in network infrastructure and prepaid, mobile commerce and mobile advertising, Megasoft is well prepared for the opportunities identified above. Our guiding principles of innovation, agility, and execution excellence, while always maintaining a customer-centric mindset, contributing to timely development and delivery of market- leading solutions, while building strong customer relationships and continually reinforcing our ability to deliver and support quality solutions and services. Additionally, as new market trends and opportunities emerge, we see Megasoft poised to capitalise on these, given our existing solution portfolio and experience, growing patent portfolio, strong telecom R&D, successful commercial launch and long-term support experiences. Additionally, Megasoft intends to emerge as a zero debt company, grow revenues through the launch of additional new products and solutions; strengthen our managed services model for new products and platforms enhancing revenue predictability; expand and upgrade our US data centre and infrastructure; strengthen the Indian R&D centre and back office infrastructure, as well as expand offerings and presence in Latin America and India, key emerging mobile commerce markets. We are optimistic of achieving these goals, resulting in the enhancement of values for the stakeholders in our Company. GV Kumar CEO