Suresh Venkatachari

Leading cloud computing player 8K Miles Software Services today reported a 115 percent jump in net profit at Rs 32.60 crore for the three months to December on a healthy growth in revenue and margins.

Expect acquisition of Cornerstone to close in Feb: 8K Miles

In an interview to CNBC-TV18, Suresh Venkatachari, Chairman & CEO of 8K Miles Software Services spoke about the results and his outlook for the company.

8K Miles chief sees Cornerstone's EPS to be positive from year 1

The US-subsidiary of 8K Miles Software Services has entered into a definitive agreement to acquire Cornerstone Advisors Group. Speaking to CNBC-TV18, Suresh Venkatachari, Chairman & CEO, 8K Miles hopes Cornerstone meets the expectation of 34-35 percent margins after combining with 8K Miles.

8K Miles bets on acquisitions, innovation in cloud biz

Jump on first quarter revenues and bottomline is on back on new clients - four in healthcare and two in pharma sector, says Suresh Venkatachari, Chairman & CEO of 8K Miles.

Mkt is untapped; 90-95% clients not fully using cloud: 8K Miles

8K Miles Software Services is offering a service model which will improve margins over a longer period of time, says Suresh Venkatachari, Chairman and CEO of the company.

Revenue from NextAge buyout to accrue in 6-9 months: 8K Miles

The company has acquired 3 firms in the pharma and health sector over the last 12 months, and the stock has also rallied 250 percent in the last one year.

8K Miles Q3 net up 109%, revenue rises 115% to Rs 74.05 cr

The US-focused company, based in Silicon Valley, reported a revenue of Rs 74.05 crore in the traditionally low period for the software services sector, a rise of 115 per cent over the same period last year

Will continue to focus on pharma & fin services: 8KMiles

Suresh Venkatachari, Chairman and CEO, 8K Miles says the company is still identifying opportunities in banking and capital markets space.

8K Miles hits new high, up 5% after strong Q2 earnings

Consolidated net profit grew by 20.8 percent sequentially to Rs 8.7 crore and revenue increased by 20.8 percent to Rs 61.1 crore during the quarter.

8K Miles Q2 net profit jumps over 110 % to Rs 8.74 cr

The Silicon Valley-based company reported an earnings per share of Rs 8.14, which jumped 97 per cent year-on-year

8K Miles hits new high, up 4% on acquisition of US company

"US subsidiary 8K Miles Software Services Inc has entered into a stock purchase agreement with NexAge Technologies USA Inc. The agreement includes acquisition of intellectual property, technical solutions, client contracts, and employees," the cloud solutions provider said.

Early cloud computing adaptation aided Q1 topline: 8K Miles

Suresh Venkatachari, Chairman and CEO of 8K Miles says earliest adaptation in cloud computing helped the company outperform its peers.

Cintel to push bottomline by 10-15% in 12-18 mths: 8K Miles

8K Miles will be acquiring Cintel Systems, a leading UI & UX, Mobile Application Development and Services Company. The total amount of this acquisition is considered to be USD 3,750,000 - combination of cash and stock.

8K Miles Software acquires US-based Cintel, stock up 6%

Investors lapped up shares of 8K Miles Software Services on Wednesday after the cloud solutions provider announced acquisition of US-based mobile application development and services company. The stock rallied 5.8 percent in early trade.

Will continue to invest in sales, marketing: 8K Miles

8K Miles is constantly looking at organic and inorganic growth opportunities. The key focus areas of the company are healthcare and pharma, says Suresh Venkatachari, chairman and chief executive officer of the company.

Will be able to sustain 36% EBITDA margin level: 8K Miles

Suresh Venkatachari of 8K Miles says at the moment the company has no plans to raise capital, but may explore going ahead. He is also evaluating more options on the acquisition front.