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Infinite Computer Solutions India Ltd.

BSE: 533154 Sector: IT
NSE: INFINITE ISIN Code: INE486J01014
BSE 12:16 | 21 Jun 461.85 -0.65
(-0.14%)
OPEN

465.00

HIGH

468.00

LOW

461.50

NSE 12:03 | 21 Jun 463.60 -1.60
(-0.34%)
OPEN

470.35

HIGH

470.35

LOW

463.60

OPEN 465.00
PREVIOUS CLOSE 462.50
VOLUME 965
52-Week high 519.55
52-Week low 199.19
P/E 21.81
Mkt Cap.(Rs cr) 1,585
Buy Price 461.85
Buy Qty 3.00
Sell Price 463.00
Sell Qty 13.00
OPEN 465.00
CLOSE 462.50
VOLUME 965
52-Week high 519.55
52-Week low 199.19
P/E 21.81
Mkt Cap.(Rs cr) 1,585
Buy Price 461.85
Buy Qty 3.00
Sell Price 463.00
Sell Qty 13.00

Infinite Computer Solutions India Ltd. (INFINITE) - Chairman Speech

Company chairman speech

LETTER TO STAKEHOLDERS

Dear Shareholders

The Information Technology Industry landscape has seen a massive transformation inrecent years. Winning in today's world requires new agile ways of working and adifferentiated approach. We believe that there are good growth opportunities for thecompany as we have successfully transition our business model towards Platformizationwhich the company had anticipated and begun workingon a few years back.

Financially Our Total Revenues grew by 12% to ? 2366 Cr our EBITDA grew by 3% to ^197 Cr and Net Profit was marginally up to ? 122 Cr. The Technology Solutions division hadthe most promising growth owing to the Platformized solutions growing by 21% YoYto ?1883 Cr while Mobility and Messaging revenues were ? 251 Cr and ProductEngjneeringsegment revenues were ?232 Cr.

It has been a good year in terms of acquiring new clients. We added 76 clients duringthe course of the year and some of them are multi-million multi-year dollar deals withboth new and existing clients. We have seen significant sales traction and closed manymulti-million; multi-year deals.

We continue to see increased traction in our Technology Solutions division wherein weembarked upon a major transformation few years back to move more towards technologysolutions rather than people based delivery which has resulted in the projects being lessheadcount intensive and more technology intensive. An example of this is that we launcheda platform called Zyter which is Secure Intelligent Integrated Communication &Collaboration Platform which is seeing good traction wherein we have developed a healthypipeline.

In the Mobility segment as was expected some of the end of life cycle services sawrate revisions but on the other hand we added 51 new revenue generating clients for ourEnterprise Messaging Solutions and NetSfere products. We continue to believe in the stronggrowth prospects of this division.

In the Product Engineering division we had a tough year because of scaling down by twoof our clients due to cost cuts. Keeping in mind the challenging environment we arecurrently working with the investments that we made in the transformation have led theCompany to grow although margin pressures are being faced across the industry which webelieve our Company has managed to withstand these headwinds much betterthan the industry.

In conclusion I would like to thank all our shareholders for their continued confidencein our Company we continue to be confident about the future growth prospects of ourCompany and are working hard to transform and grow the Company even in these turbulenttimes of the industry. To show our confidence and reward our shareholders the Companycompleted another Buy-back this year of f 150 Cr.

Regards
Upinder Zutshi