In an interview to CNBC-TV18, Satinder Singh Rekhi, CEO of R Systems International spoke about the results and his outlook for the company.
Rekhi said that provisioning increased as company didn’t get paid for work done for two clients.
He further added that investments in new age technologies resulted in lower margin.
R Systems looking at acquisitions with cash on books, said Rekhi.
Company generally looks at acquisition of size of USD 10 million or lesser, he added.
Watch accompanying video for more details.
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