8K Miles Software dips post Q4 results
The stock dipped 6% to Rs 1,980 on the BSE.
 "8K Miles Software dips post Q4 results")
8K Miles Software Services has dipped 6% to Rs 1,980 on the BSE after earnings before interest, taxes, depreciation, and amortization (EBITDA) margin contracted by 370 basis points to 30.50% in March 31, 2016 (Q4FY16) from 34.23% in previous quarter.
The company, a leading secure cloud solutions provider, reported 10% quarter on quarter (QoQ) growth in consolidated net profit at Rs 12.35 crore for the quarter ended March 31, 2016 (Q4FY16). It had profit of Rs 11.27 crore in December 31, 2015 quarter (Q3FY16). Revenues grew 17% at Rs 86.36 crore on sequential basis.
At 11:12 am, the stock was down 5% at Rs 2,000 on the BSE. A combined 51,505 shares changed hands on the counter on the BSE and NSE so far.
The company, a leading secure cloud solutions provider, reported 10% quarter on quarter (QoQ) growth in consolidated net profit at Rs 12.35 crore for the quarter ended March 31, 2016 (Q4FY16). It had profit of Rs 11.27 crore in December 31, 2015 quarter (Q3FY16). Revenues grew 17% at Rs 86.36 crore on sequential basis.
At 11:12 am, the stock was down 5% at Rs 2,000 on the BSE. A combined 51,505 shares changed hands on the counter on the BSE and NSE so far.