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InfoBeans Technologies Ltd.

BSE: 532560 Sector: IT
NSE: INFOBEAN ISIN Code: INE344S01016
BSE 05:30 | 01 Jan InfoBeans Technologies Ltd
NSE 00:00 | 19 Feb 68.00 3.80
(5.92%)
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InfoBeans Technologies Ltd. (INFOBEAN) - Chairman Speech

Company chairman speech

Dear Shareholders

I'm glad to share that we achieved strong growth last fiscal amidst highly competitivemarket.

During this period we have added a dozen new clients in Germany Middle East and theUS; significantly increasing our footprint in these geographies. We continue to buildcapacity and infrastructure to support these client additions.

Our primary objective is to help address and solve our clients' business and technologychallenges to enable them to better serve their goals. With that in mind we will increaseour relevance in the minds of our customers. The more we succeed in that the more likelyto create increased value to our shareholders.

We witness steady growth and have strongfoot on ground to sustain our growth into nextyear. I am happy to share that we have enough pipeline of business growth in coming years.We have expanded scope of work with many clients to bring more revenue sources.

In line with our strategy efforts are focused on pushing our sales and marketingresources to expand into a larger and more diversified client base. We continue to investin growing our business by adding new niche and high margin accounts and build newcapabilities while strengthening our existing client base. We are also actively lookingout for acquisition opportunities in the US market but at the same time we are cautiousin picking the right target.

Our fiscal 2018 results are detailed in this Annual report and demonstrate theunderlying strength of our business. Our revenue increased to INR 97.5 crores from INR84.47 crores in FY17 a growth of 15.4% in constant currency from the previous year. Ourprofit after tax grew to INR 16.7 crores from INR 13.3crores in FY17 which is asignificant growth of 25.6%. We also declared the dividend of 5% dividend for ourinvestors which amounts to INR 0.50 per share.

Thank you to each one of our clients and shareholderstheir trusts and belief in us hasenabled us to be the company we are.

The dedication of our 700+ team members to drive outcomes for our clients is atestament to the results we have shown in fiscal 2018 and the continuing strength of ourinstitution.

Thank you to each one of them.

Our exceptional leadership team is instrumental in rapidly growing the company in pastfew years and helped in designing our strategic framework to sustain the high growth rate.My sincere thanks to them for their energy and commitment in helping us to operationalizeour strategy.

'Warm regards

Siddharth Sethi

Managing Director