Arun Jain, chairman & CEO, Polaris, says that both product and cloud business had a challenging quarter and the cloud business incurred a loss of Rs 20 crore in this quarter. The company has witnessed a slowdown in America and Europe and some deals got delayed.
In an interview to CNBC-TV18, Arun Jain, chairman & chief executive officer, Polaris gives the details of their divestment plan. The company that holds 85% stake in IdenTrust is divesting in the hope of investing into another portfolio which can be more revenue generating.
In an interview to CNBC-TV18, Arun Jain, chairman and chief executive officer of Polaris says the company is looking at 17-19% growth this year. "We are on the right track for building a good EPS growth this year," he adds.
In an interview with CNBC-TV18, Arun Jain of Polaris, spoke about the company's new acquisition and the road ahead.