The revenue rose to Rs 210 crore (Rs 185 crore), a growth of 14.0 percent on year-on-year basis.
Total revenue was Rs 209.69 crore during the quarter compared to Rs 175.29 crore during the corresponding period of the previous year.
According to a press release issued by the company, total revenue was Rs 215 crore during the quarter under review, up 28.7 percent. The total revenues in Q4 last fiscal was Rs 167 crore.
The total revenue for the quarter under purview was Rs 2,11 crore against Rs 159 crore during the the corresponding period of previous year reflecting a growth of 32.7 per cent, Niranjan Chintam, chairman and whole-time director, Kellton Tech, said.
The Hyderabad-based company said in a statement that total revenues grew 22.6 per cent to Rs 185.25 crore from Rs 151.07 crore.
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We are targeting Rs 625-650 crore of revenue in FY17, says Niranjan Chintam, Founder & Chairma of Kellton Tech Solutions.
Total income during the quarter was Rs 158.28 crore, up 4.7 percent, according to a company statement.
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FY17 revenue seen at Rs 625-630 crore, says Niranjan Chintam, Founder & Chairman of Kellton Tech Solutions.
Total income was Rs 151.23 crore during the quarter as compared to Rs 140.4 crore during the previous quarter, up 7.7 percent on quarter-on-quarter basis, a company statement said.
"We have signed 18 customers last quarter (Q4 of FY16), which will reflect in revenues of Q1 and Q2 of FY17", Niranjan Chintam, Founder & Chairman of Kellton Technology said. He expects margins to improve.
Total income in the June quarter was Rs 140.4 crore compared to Rs 104.4 crore during the corresponding period of last year, an increase of 35 percent, a company statement said.
Founder & Chairman Niranjan Chintam says Kellton Tech has marquee customers in the digital transformation space in which competitors are yet to catch up and that will help in achieving the guidance.
Hyderabad-based Kellton Tech will set up its EMEA (Europe, the Middle East and Africa) headquarters in Drogheda on the east coast of Ireland.
"Today, we are a leading enabler of digital transformation due to our strong investment and focus on the digital technologies, and our continued growth and expansion," the company's Founder and Chairman Niranjan Chintam said in a statement.
Going forward, the company‘s founder & Chairman, Niranjan Chintam is confident of achieving FY16 revenue guidance of Rs 600 crore and a 30 percent growth in the organic business.
The company had posted a net profit of Rs 4.85 crore in the year-ago period, it said in a regulatory filing.
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Kellton said in a statement that it funded the entire acquisition through internal accruals but gave no details of the financial transaction.
Speaking to CNBC-TV18, Niranjan Chintam, Founder & Chairman of the company says that the acquisition will help improve Kellton‘s capabilities and expand its customer reach.
Firstcall is bullish on Kellton Tech and has recommended buy rating on the stock with a target price of Rs 260 in its research report dated January 9, 2016.
"Board of directors on Monday approved allotment of 30 lakh equity shares pursuant to conversion of 30 lakh warrants to persons belonging to promoter group and non-promoter group," says the IT services provider.