Deal with Techwave to help company grow: Moschip

Strong funding and new investments in the first quarter of FY17 boosted both bottomline and topline growth of Moschip Semiconductor. The company's net profit stood at Rs 14.7 lakh as against a loss of Rs 1.75 crore in Q1FY17, on Y-o-Y basis, Moschip declared to exchanges.Revenue, too, has seen an increase from Rs 1.05 crore to Rs 3 crore (Y-o-Y).Kasinath Tumuluru, company's CFO, expects earnings to improve in coming quarters and deal with Singapore-based IT company Techwave to help the company grow.Watch video for more details.