Early cloud computing adaptation aided Q1 topline: 8K Miles

8K Miles' total income for the June quarter grew 19 percent to Rs 125 crore, helped by a 22 percent growth in the cloud computing market. The company deals in building intellectual property for healthcare and pharmaceutical segments, which aid an enterprise save labour cost and provide securities.Speaking to CNBC-TV18, Suresh Venkatachari, Chairman and CEO of 8K Miles says early adaptation in cloud computing helped the company outperform its peers.On acquisitions, he says 8K Miles will continue to focus on organic growth and an aided growth by acquiring inorganic companies in the healthcare and pharma segments, through external funding.Below is the transcript of Suresh Venkatachari’s interview with Latha Venkatesh & Sonia Shenoy on CNBC-TV18.Latha: What are the strengths that you bring to the table that has made you all such a multibagger?A: I think - our focus. We are one of the early adaptor in the cloud computing that is a biggest differentiator. From the late 2008 we have focused on cloud computing and building lot of intellectual property around that and then start focusing on a specific domains like healthcare and pharma. That differentiated us from many other the people. When you talk about the digital technology cloud computing many place talk about the late 2012-2013 but we were in the early stage.Latha: This is a breathless phase of growth. 19 percent quarter-on-quarter (Q-o-Q) in income and 30 percent plus margins, you can sustain this?A: I would love to sustain that.Latha: I mean as the base grows? A: It is a challenge however what we see is that cloud computing market itself is witnessing about a compounded annual growth of 22-25 percent. A lot of SaaS companies are growing very significantly and I see in the US, going between 45-70 percent on a annual growth. So, that gives us great advantage. We hope to do like next couple of years two to three years we could be able to see a good growth market as many companies are adapting the cloud computing. If you see the earlier day only the starts-ups and the SME’s were adapting but the large companies are adapting cloud computing and they are in the very early stage. So, this could definitely help us. Second thing is we are becoming more innovative rather than being just a cloud migration. We enable a complete cloud transformation. We launched our pilot solution earlier CloudEzRx for a pharma and a CloudEzCare for healthcare that automates entire cloud ITSM as a service. What it means is a traditional data center, if you have like a 100 people manage all the server and everything now with our platform you can able to manage all the cloud infrastructure with less than may be 20 percent of the workforce. So it is the great shift for the enterprises to save cost and also to provide a complete security.Latha: You have grown from an under Rs 54 crore company to Rs 125 crore company in one year so what Rs 500 crore this year?A: We would love to have that kind of a thing. We did a last quarter pretty decent so we continue to expect to grow in the same fashion and we definitely will reach Rs 500 crore in some point in time very soon.