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8K Miles Q3 FY17-18 EBITDA up by 59 % YoY and 10% QoQ

Posted On: 2018-02-16 22:22:16

8K Miles Software Services Limited, a leading Global IT Business Transformation, Secure Cloud Solutions and NextGen Managed Services Provider, today announced the Company's unaudited financial results for the quarter ended 31st December, 2017 as approved by the Board of Directors.

Highlights of the Results:

- Gross Revenues grew to Rs. 224.46 crores, an increase of 58% YoY
- EBITDA grew to Rs. 77.33 crores, an increase of 59 % YoY
- Net profit after minority interest grew to Rs. 44.80 crores, up by 67% YoY

"Leveraging the success in the US, we are working to expand our business across Europe and Asia - in both public and private sectors. We are very bullish about this as our platforms such as CloudEz™ and Automaton™ are easily and seamlessly extensible to address local regulatory compliances globally. Consumers are impacted by the current inefficient health care system with the rapidly spiraling cost of medical treatment. It's important now to drive innovation faster and provide new ways of delivering care for patients across the globe." said Mr. Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services, Ltd.

Shares of 8K MILES SOFTWARE SERVICES LTD. was last trading in BSE at Rs.810.3 as compared to the previous close of Rs. 787.4. The total number of shares traded during the day was 204331 in over 9440 trades.

The stock hit an intraday high of Rs. 866.65 and intraday low of 793.25. The net turnover during the day was Rs. 171108922.

Source: Equity Bulls

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