Cast Software eyes $ 9 m revenue from India this year

PTI Paris | Updated on January 14, 2018

Software intelligence provider Cast Software today said it has set a revenue target of $ 8-9 million from Indian market this calender year.

Cast provides software intelligence to IT companies for measuring their software structural quality.

“Five years ago we started in India. We did a few hundred thousand. Then one million dollars and then 5 to 6 million dollars. There was a 300 per cent growth. This calender year, we are eyeing for almost 8 to 9 million dollars revenue in Indian market,” Cast Software Chairman and CEO Vincent Delaroche told PTI in an interview here.

Cast uses system-level analysis to detect the dangerous structural software flaws.

“India is one of the biggest opportunity for selling of software to giant companies like Infosys TCS, Wipro and Cognizant. In fact, it is a potential goldmine for us,” he said.

Replying to a query, Delaroche said unlike in China where ease of doing business is a difficult proposition, in India it is quite the opposite with smart tax system, which results in making lots of profit.

Asked about their expansion plans in India, Delaroche said apart from having Cognizant and Infosys as their clients, a week back, Cast had signed a deal with Rajasthan government.

The company also is targeting Indian banks, including the State Bank of India.

Cast operates on three continents with offices in US, France, China, India, Italy and Spain and has 350 employees worldwide and works with some of the largest global companies, including Tech Mahindra, HCL, IBM, Societe Generale, Credit Suisse, Fannie Mae, and FedEx.

Published on January 14, 2018

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