Comparex eyes Rs 700 crore revenue in 2014-15

IT services provider Comparex India is eyeing revenue of Rs 700 crore, about 40 per cent up from last fiscal's turnover, on the back of higher adoption of cloud services by small and medium businesses.
"We are expecting turnover of Rs 700 crore by current fiscal-end as against Rs 500 crore achieved in last fiscal from our IT services," Comparex India MD Navin Kapur told reporters here today.
The company, which is a subsidiary of Germany based Comparex Group, is a procurement and license management services firm and has a tie-up with Microsoft for providing Microsoft Cloud services to business enterprises in India.

The company, which started its operations in India three years back, has witnessed a revenue growth from 5 million euro in 2010-11 to 62.5 million euro in 2013-14.
"In current fiscal, we are expecting our revenue to grow to 80-90 million euro," he said.
The company has over 1,000 clients in India spread across cities like Chandigarh, Delhi, Ahmedabad, Mumbai, Hyderabad, Chennai and Bangalore.

"As a solution provider, we are constantly focused on delivering the right technical expertise and solutions to help our customers grow in this competitive environment. Customers now increasingly understand the business dynamics and realise the need for a robust IT infrastructure to grow and scale up their business.

They are embracing cloud to drive efficiencies in a cost effective manner. With Microsoft Office 365, we have been able to address the IT needs of diverse verticals such as IT, media, BPO & Education consulting over the last year," Kapur said.
Comparex has been building on its public cloud capability with Microsoft, offering enterprise-grade and highly secure and scalable services to enhance business efficiencies and collaboration, he said.
"We are working closely with our partners to help customers realise the benefits of Microsoft cloud", said Manisha Sood, Director-SMB, Microsoft India.
"We will continue to enhance the capacity and capability of our partners to help them deliver superior value to customers", she added.

A recent research commissioned by Microsoft and conducted independently by The Boston Consulting Group (BCG) shows that SMEs that adopted IT created more new jobs and drove more revenue growth over the past three years as compared to SMEs using little technology.
The BCG report found if more SMEs in India adopted the latest IT tools, there is potential for them to grow their revenues by USD 56 billion and create 1.1 million new jobs.