In an interview with CNBC-TV18, Raj Jain, CMD of RS Software said that the company is well secured in terms of cash reserves and is building a digital platform for commerce and payments.
Eliminating its concentration of clients by 25 percent has largely helped RS Software post good numbers in the fourth quarter, says Raj Jain, chairman and managing director of the company.
The company will continue to build various applications for the money transfer software, said Rajnit Jain, CMD of RS Software, adding that there are several more features in the works.
Discussing the company‘s earnings, RS Software CMD Raj Jain said he sees a further improvement in payment business going forward and expect to achieve 22 percent growth in FY15.
RS Software (India), a leading software solutions provider for electronic payments industry reported highest ever consolidated sales of Rs 104 crore in the second quarter of FY14, a growth of 25 percent over the same quarter last year.
“We are not giving any guidance on the revenue front but we expect operating profits to grow in the range of 20 to 25 percent in FY14. Operating margins may be impacted as the company intends to invest profits in new innovations,†Raj Jain, chairman and managing director at RS Software (India) told moneycontrol.com in an exclusive interview.
In an interview with CNBC-TV18, Rajnit Jain, CMD, RS Software, speaks about the quarterly results and gives his outlook going forward.