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Datamatics Global Services Ltd.

BSE: 532528 Sector: IT
NSE: DATAMATICS ISIN Code: INE365B01017
BSE 00:00 | 01 Dec 293.60 4.45
(1.54%)
OPEN

290.00

HIGH

297.60

LOW

286.35

NSE 00:00 | 01 Dec 293.50 4.30
(1.49%)
OPEN

281.80

HIGH

296.25

LOW

281.80

OPEN 290.00
PREVIOUS CLOSE 289.15
VOLUME 23619
52-Week high 382.40
52-Week low 75.15
P/E 28.53
Mkt Cap.(Rs cr) 1,730
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 290.00
CLOSE 289.15
VOLUME 23619
52-Week high 382.40
52-Week low 75.15
P/E 28.53
Mkt Cap.(Rs cr) 1,730
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Datamatics Global Services Ltd. (DATAMATICS) - Chairman Speech

Company chairman speech

Dear Shareholders

We are continuing to steer a careful path in keeping with the changing demands causedby challenging times.

Paraphrasing the writings of Charles Dickens in "A Tale of Two Cities":

This is the best of times. This is the worst of times.

This is the age of opportunity and the age of unforeseen disaster.

This is simultaneously the age of hope and the age of despair.

First let me dwell why this is the best of times.

The world continues to adopt Digital Technologies at an increasingly rapid pace. BothGovernments and business enterprises are leveraging Digital Technologies like neverbefore to increase their efficiency and provide better and more responsive services toall their stakeholders.

Advances in Artificial Intelligence Machine Learning and Robotic Process Automationhave added fuel to the worldwide growth of Digital Technology. Artificial Intelligencerelates to machines behaving more and more like human beings. This encompasses the studyof how we humans make decisions and examines whether this can be encoded. It includes aconfluence of pattern recognition probability theory heuristics and machine learning.This is opening up entirely new vistas for all of us. Personally I believe this willincrease global opportunities and employment for all in both the medium and long termjust as the Industrial Revolution resulted in increased employment and greater humanwelfare.

There is great pressure on all organizations to increase their efficiency to remaincompetitive thereby fueling the demand for Software Products and Services. In brief theyare now driven by the maxim "Produce More For Less". Software Product Companiesthus continued to be valued highly as measured by their Market Cap.

On the flip side we are confronted with two counter pressures.

The COVID-19 Pandemic has turned the world upside down and has confronted us with thebiggest disruption and challenge since World War II.

Due to this pandemic the universal expectation is that the world's GDP will shrink byabout 10% in a year. This has caused pricing pressures worldwide when customers aredemanding more services at lower prices.

Also due to increasing unemployment in most countries and in particular in the USAthere is increasing pressure on all Governments around the world to reduce or eveneliminate Work Visas and to abstain from importing both products and services.Fortunately this has relatively a lower impact on the procurement of overseasIntellectual Property and Knowhow.

Your Company besides all its traditional businesses of providing Technology BPM andDigital Solutions in keeping with the above trends is investing in developing Solutionsbased on Artificial Intelligence Machine Learning and Robotic Process Automation.

Your Company derives 81% of its consolidated revenues from overseas geographies whichhas over the years fueled its growth. Our largest revenues continue to be derived from theUS market. We see a global shift in almost all countries attempting to reduce theirdependence on imports and the reducing impact of the World Trade Organization or WTO thathad championed the cause of International Trade. In keeping with this your Company isincreasing its presence overseas particularly in the US market where we largely employlocal Americans.

Indian IT Companies have now grown to a size in terms of both revenue and profits wherethey can invest in Software/Digital Products. This has impacted their short term marginsbut will simultaneously result in future cash flows and profits which will yield handsomeresults.

Your Company besides all its traditional businesses of providing Technology BPM andDigital Solutions in keeping with the above trends is investing in developing Solutionsbased on Artificial Intelligence Machine Learning and Robotic Process Automation. We areattempting to develop products based on them on the premise that this has the potential ofgenerating substantial future revenue streams. We are also the only Indian company to havea robust Automated Fare Collection (AFC) solution.

We have participated in Exhibitions and have showcased our efforts to leading Analystssuch as Gartner Everest Forrester etc. and have won recognitions. We firmly believethat our key asset is our staff and we continue to invest in them at all stages includingcontinuous training.

Our major operating subsidiaries are Lumina Datamatics and Cignex Datamatics. LuminaDatamatics is in the business of ePublishing and eRetail business from India the USAGermany and ROW. Cignex Datamatics is in the business of Open Source Cloud and Automationsolutions and services having its presence in India the USA Singapore and ROW.

Our clients continue to repose confidence in us worldwide as is evident from the kudoswe continuously receive from them. We continue to win awards worldwide which reflect thequality of both our Products and Services.

We look forward with great hope and expectations despite the pandemic that we areconfronted with. I must thank all our shareholders for the confidence they have reposed inus.

Dr. Lalit S. Kanodia

Founder and Chairman

VICE CHAIRMAN & CEO MESSAGE

Rahul L. Kanodia

Vice Chairman & CEO.

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