Hyderabad–May 30, 2016:Intense Technologies today announces its financial results for the quarterand financial year ended March 31,2016.
|Rs. Lakh||Q4 FY16||Q3 FY16||Q4 FY15|
Q4& FY16 Performance
In Q4, the company posted standalone revenue of Rs. 1,517.45 Lakhs with a PAT of Rs. 346.97 Lakhs. The consolidated performance represent investments made in Americas, Europe and MEA through subsidiaries and this should start yielding results in the next financial year . These investments are primarily in marketing initiatives, which have long selling cycles and depend on dynamic economic situation of customers.
Keeping in tune with the changing market dynamics, the company is working on multi-year SAAS (software as a service) based revenue models to achieve predictable revenues. Despite requiring upfront investments, this model will have sustained customer revenues over long term period.
On the operational front, the Uniserve platform continues to witness a string of healthy leads across key business verticals of Telecom and BFSI, while efforts towards further developing the Utilities, Public sector and Government verticals are making headway. The platform has gained acceptance as a key enabler to Fortune 500 enterprises, helping to seamlessly integrate processes by delivering unified and personalized customer-interaction through various channels. 70% of telecoms in India use Intense Technologies’ UniServe platform, this is a testimony of the Company’s domestic position in the telecom industry.
The UniServe platform enjoys a wide presence across the markets of South Asia, Africa, and Middleeast. In sync with the tactical approach, the platform is also witnessing a growing uptick in demand from Europe, where clients have generated significant savings through the Company’s multi-channel approach.
The business imperative of establishing a digital transformation at the core of the operational model is now being widely appreciated by the corporate world and is now acknowledged as the key reason behind the expected growth of IT budgets by 3.3 percent in 2016, and expected staffing increases of 1.5 percent. Our global consumer facing teams, which are now more integrated and empowered, have been cross-selling offerings across targeted geographies and putting solid efforts to cross-pollinate business segments and capitalize on the many synergistic opportunities emerging from new geographies.
Enterprises worldwide are focusing on building business agility to proactively address digital disruptions and increasing customer expectations of seamless experience across digital channels.
Intense Technologies with its innovative, next generation automation platform called UniServe that helps enterprises digitally transform their customer centric business processes in shortest possible time without replacing their legacy systems. Today, the Company processes 25 billion USD worth client revenue data; helps on-board 1 million customers daily; and has a total 500 million subscriber base across telecom engagements.
The momentum is continuing to build as the potential for gains in business efficiency and cost savings for customers are substantially greater than that from any alternative IT strategy for upgrades of legacy set-ups. With robust data management and analytics capabilities, the platform can provide enterprises with 360 degree control over their customer interaction. Customer facing industries like Telecom and BFSI are witnessing visible gains in customer satisfaction scores and are building on their competitive advantage through UniServe.
Key Awards& Recognition of Intense Technologies
Commenting on the performance during the period under review, C.K. Shastri, Chairman and Managing Director, Intense Technologies, said,
“Fiscal 2016 has been year of investments in mature markets which we strongly believe will yield promising results in the near future. The company is also working on launching new business models such SAAS on cloud, that has the potential to achieve predictable revenues.
As a product company, we realize the need to continuously invest in R&D for being ahead in the innovation curve. We are pleased to announce that our new platform UniServe NXT that helps enterprises in building business agility by digitalizing customer centric business processes in fastest possible time will be launched by second quarter of the financial year 2016-2017. This innovative platform that can radically reduce application development and deployment timelines’ will strengthen our position as thought leaders in the digital transformation domain. As we look ahead to greater prosperity, we believe successful deployments of our platform across targeted geographies and customer profiles will result in a robust operating performance, going forward.”