8K Miles Software Services Ltd, a cloud solutions provider from India, has registered strong growth in revenues and profits on the back of new product launches and acquisitions during the last fiscal.
Revenues went up to Rs 125.14 crore during the 2015 fiscal, almost three times when compared to the Rs 44.10 crore that it posted in 2013-14. PAT also registered a more than four fold increase to Rs. 23.09 crore from Rs 7.43 crore for the same period. For the fourth quarter, the company recorded 25.53 per cent increase in revenues and 16.95 per cent hike in PAT. The EBITDA came in at Rs 12.84 crore, registering 18.71 per cent rise on Q-o-Q basis, a statement said. “We continue to see significant growth in our Cloud Security Solutions and Cloud Managed Services and our recent launch of CloudEzRx, a cloud-platform designed to answer the compliance and regulatory needs of Pharmaceutical/Life Sciences industry is gaining market awareness amongst healthcare providers,” said Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services.
During the fiscal year 2015, 8K Miles acquired Mindprint, a Canadian company specialized in providing SaaS analytics and operational software to Clinical Research Organizations in North America and SERJ Solutions, a company specialized in providing Epic EHR consulting, managed services and custom application development for healthcare providers.
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