Mumbai, Nov 15(UNI) Leading Global IT Business Transformation company 8K Miles Software Services, Ltd has posted a rise of 23.93 percent it net profit for the quarter ended Septembet 30, 2018 at Rs 50.90 Crores as against Net Profit of Rs 41.08 for the same quarter a year ago.

The Company’s Revenue from operations for the quarter under consideration stood at Rs 282.57 Crores as against Rs 210.62 Crores for the quarter ended September 30, 2018, up by 34.16 percent EBIDTA for the September quarter was at Rs 96.96 Crores and EBIDTA margin stood at 34.31 percent.

Commenting on the result Mr. Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services, Ltd said 'I am pleased to announce that we have continued in delivering another quarter of good performance which are in line with our set goals. As a company we would implement strategies to increase the revenue from existing customers, acquire new regulated enterprise customers, increase our recurring revenue portion, extend our footprint in other geographies and enhance our cloud offerings. I would like to extend my gratitude to our dedicated employees, clients and customers for their constant support. We would continue our efforts in expanding the business globally and maintaining a healthy order book'.



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