Datamatics Global Services Share Price Live

Datamatics Recognized Among India’s Top 500 Value Creators with Strong Financial Performance This post explores Datamatics’ recognition by Dun & Bradstreet and its robust financial performance in Q4FY24, highlighting key metrics and strategic developments. Dun & Bradstreet Recognition On 23rd May 2024, Mumbai-based Datamatics, a global leader in digital technologies, operations, and experiences, was honoured by Dun & Bradstreet as one of ‘India’s Top 500 Value Creators 2023’. This prestigious recognition highlights companies listed on the BSE and NSE over the last five years, evaluated against over 25 parameters measuring market value and intrinsic value. Datamatics was acknowledged for its exceptional ability to create long-term value for stakeholders, excelling in business productivity, resilience, and sustainability. Rahul Kanodia, Vice Chairman and CEO of Datamatics, expressed pride in this achievement, attributing it to the company’s consistent corporate performance and commitment to stakeholder value. He emphasized the company’s dedication to enabling enterprises to leverage digital technologies for operational efficiency and superior customer experience. Financial Performance Q4FY24 Datamatics reported impressive financial results for Q4FY24, ending the quarter with an 11.8% QoQ increase in revenue from operations, reaching Rs 413 crore. The company also saw a 27.8% QoQ rise in Earnings Before Interest and Taxes (EBIT), amounting to Rs 56 crore. The annual revenue for FY24 grew by 6.2%, totalling Rs 1550 crore. This growth reflects Datamatics’ strategic initiatives and robust market positioning. Kanodia highlighted the healthy end to FY24, attributing the revenue and EBIT growth to focused strategies and market penetration. Looking ahead to FY25, Datamatics plans to continue its focus on Western markets, strengthen capabilities with hyper-scalers, and deepen engagement with existing accounts. The recent acquisition of Dextara Digital, a premier provider of Salesforce services, aligns with this strategy. Additionally, the incorporation of Generative AI (GenAI) into their Intelligent Automation suite underscores Datamatics’ commitment to innovation. Developments and Achievements In Q4FY24, Datamatics made several strategic moves to bolster its market position. The acquisition of Dextara Digital enhances its capabilities in Salesforce services. The company also unveiled advanced TruCap+ GenAI capabilities and secured significant contracts with leading companies across various sectors, including technology, healthcare, and procurement services. These developments underscore Datamatics’ focus on innovation and market expansion. Datamatics’ recognition by Dun & Bradstreet as one of India’s Top 500 Value Creators is a positive development which will benefit the company in delivering value to its shareholders. The company’s robust financial performance in Q4FY24, marked by significant revenue and EBIT growth, highlights operational excellence. Shares of the company closed at Rs 578 down -0.71% from its yesterday’s closing price of Rs 582.15. The shares have delivered 24% return in past 1 year. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions. Angel One Datamatics Glob Share Price | Datamatics Global Services Ltd | Stock, Price |... Datamatics Global Services Ltd. Share Price - Get Datamatics Global Services Ltd. Live BSE/NSE stock price with the latest research reports, balance sheet, stock analysis, and share price history at Angel One.