Infibeam Incorporation is buzzing in trade. The stock is up 30 percent in the past 5 sessions. In an interview to CNBC-TV18, Vishal Mehta, MD of Infibeam spoke about the results and his outlook for the company.
On new acquisition and merger front, he said we do not have anything to report as of now.
Talking about numbers, he said in Q1 of this fiscal we had revenue base of Rs 185 crore and there is about 50 percent increase year-on-year for the same quarter.
Our business-to-business (B2B) business is close to 60 percent of overall revenue base, he said.
He further said that with the new initiatives that we have picked up including the government initiative where we are able to provide our frameworks and we expect revenue base as well as the merchant base to increase significantly out of that.
Watch accompanying video for more details.
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