IT has been the lone warrior for the bulls off late. Recently we got the FY19 outlook from NASSCOM as well, which sees high single digit growth for IT exports. In an interview with CNBC-TV18, Abhishek Singh, Group CFO of Mastek shared his thoughts on the outlook. The company also posted Q3 numbers, which appear steady.
For Mastek, revenue growth was a big miss in Q2 as North American business and revenue from other segments was muted. In an interview to CNBC-TV18, John Owen, Group CEO, Mastek spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Sudhakar Ram, MD & Group CEO of Mastek spoke about the results and his outlook for the company.
The country's midcap IT companies chiefs are of the view that share buybacks by companies must be backed well with a proper cash expenditure plans.
In an interview to CNBC-TV18, Sudhakar Ram, MD & Group CEO of Mastek spoke about the results and his outlook for the company.
The impact of the currency will mainly be seen in the topline and not so much in the margins, assures Sudhakar Ram, MD & Group CEO, Mastek, adding that the company is comfortably hedged.
Fifty percent of our revenues comes from the government verticals, CEO Sudhakar Ram told CNBC-TV18.
Majesco CEO Ketan Mehta told CNBC-TV 18 that the company is aiming to double its business and improve EBITDA to 12 percent to 14 percent over the next three years.
In an interview with CNBC-TV18, Sudhakar Ram, MD & CEO of Mastek said elections in UK affected the June quarter topline growth.
In an interview with CNBC-TV18, Sudhakar Ram, managing director and CEO of Mastek said the company is planning small acquisitions within Rs 1 crore in the current year.
Farid Kazani, managing director, Majesco targets double digit EBITDA level in three years time.
The stock will be traded ex-Majesco from June 12 onwards. The record date for the split of the shares between Mastek and Majesco has been scheduled for June 15, Farid Kazani, MD, Majesco informed CNBC-TV18.
Software services provider Mastek is planning to list its subsidiary Majesco, USA (formerly known as MajescoMastek) on New York Stock Exchange.
Mastek's third quarter (October-December) profit after tax surged five-times sequentially to Rs 8.7 crore on strong operational performance.
Farid Kazani, group chief financial officer and director-finance, Mastek adds that the company will be a solution company after demerging the insurance business.
Mastek group CFO and director finance Farid Kazani says the company is not acquiring Agile Tech, just acquiring its business. It is a strategic acquisition that will provide the company with great amount of leverage, he says.
IT solutions provider reported a 21.9 percent sequential growth in its third quarter profit on better operational performance.
In an interview to CNBC-TV18, Farid Kazani, Group Chief Financial Officer & Director Finance, Mastek speaks about the company's plans growth its businesses overseas.
Group CFO and Director Finance, Farid Kazani of Mastek says that the quarterly results were disappointing on the back of completion of projects in UK. Foreseen ramp down in operations also resulted in a drop in revenues.
Explaining the rationale of this buy back Farid Kazani, Group CFO & Director Finance, Mastek told CNBC-TV18, the company is in comfortable cash flow position and feel that this is good way to deploy that cash.
In an interview with CNBC-TV18, Farid Kazani, group chief financial officer of Mastek said, in Q4, the bottom-line has been pretty flat. He further said, both the revenue and the bottom-line got impacted because of the ramp down in the Capita deal. That, he said, is going to continue going forward.
Mastek recently won an eight million pound multi-year order which will boost the business. Fareed Kazani, group Chief Financial Officer & Director Finance says that he is expecting the order to be delivered by June 2012, after which the company has hopes of expanding its business.
If reports are believed, the UIDAI project is likely to introduce one of the largest IT contracts worth many a crore. As one of the IT firms that have qualified and empanelled for the UIDAI, Mastek says that the project is big, but as large as reported, however, it sees a lot of scope “over a period of time.”