19/08/2022

Eartvigil.com

Archive Eartvigil News

Allied Virtual Products and services introduced important enlargement of Running Income, EBITDA and release of a brand new FinTech vertical

Mumbai (Maharashtra) [India], May 24 (ANI/PRNewswire): Allied Digital Services Ltd., a publicly-traded global IT services company, officially announced business and financial highlights of the company for the year ended March 2022.

The key highlights include:Operating Revenue at Rs. 484.68 Cr with an increase of 35 per cent Y-o-Y basisEBITDA (Before ESOP) of Rs. 103.16 Cr with quantum jump of 112 per cent on Y-o-Y basisPAT of Rs. 61.01 Cr with an increase of 217 per cent Y-o-Y basisEPS of Rs. 11.66 (Face Value Rs. 5/share) increased by 205 per cent on Y-o-Y basisNearly zero Debt and no pledge of promoters’ sharesProposed dividend of 20 per cent on Face Value of Rs. 5/shareOrderbook (Mainly Services) stood at Rs. 1400 Cr as on 31.03.2022Business operations started for newly incorporated subsidiaries in Japan, Brazil and ChinaLaunched service platform in FinTech vertical ‘FinoAllied’Nominated as New Champion at World Economic ForumHeadcount stood at 3,000 as on 31.03.2022 incl. 1,000 recruited during the yearOur CMD, Nitin Shah, stated, “During the transformation period of 4 years, we had been stating ‘small pain but long gain’ and true to what we had anticipated, now we are in the long gain phase for the last 2 -3 years. We are very pleased to inform such positive results which will be continued for long period.”CDO, Utpal Chakraborty, mentioned – “Allied Digital is amongst the first ones to launch path-breaking banking solutions like Conversation AI Platform for banks. This is going to change the way consumers transact with banks. This cloud-based, plugplay conversational banking is going to accelerate the transformation of the BFSI segment and is going to be a great boon for small and mid-sized banks.”FinoAllied Conversational Banking Video Link:Allied Digital Website:Allied Digital Services, India is a publicly-traded global leader in information technology consulting and services, since 1984. Headquartered in Mumbai, India, it is a global managed service provider and systems integrator, offering infrastructure solutions and services to clients in 70 countries.

See also  Virgin Galactic delays release of house tourism carrier until 2023

The service portfolio ranges from digital workspace services, digital enterprise infrastructure transformative solutions, cybersecurity services, cloud services, and support to multi-lingual, multi-channel service desks and FinTech productssolutions.

The company has a global workforce of some 3,000 professionals, local support functions, governance frameworks, and operations across 70 countries. It offers its expertise and services to several Fortune 500 companies.

This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)