The share price of the leading IT company fell around 3.2 % to an intraday low price of ₹409 per share on Thursday after the company reported a fall in net profit of 40% year-on-year.
IT stock falls 3.2% after company’s net profits decreases by 40% YoY
On Thursday, InfoBeans Technologies Ltd shares closed at ₹416 per share, down 1.60 percent from the previous close price on the exchange. The company has a market capitalization of ₹1,010 crore.
InfoBeans Technologies reported a decrease of net profit of 40 percent year on year from ₹9.35 crore in Q3FY23 to ₹5.53 crore in Q3FY24, Similarly, during the same time frame, revenue also fell by 8 percent from ₹97.70 crore to ₹89.10 crore.
In comparison to the previous quarter, operational revenue has declined by 1 percent from ₹90.88 crores in Q2FY24 to ₹89.10 crores in Q3FY24, Further net profit increased by 32 percent from ₹4.21 crore to ₹5.56 crores. The company reported in its exchange filing.
The company’s operating revenue marginally declined due to project completions and holidays in Q3 and an Increase in Other income is on account of reversal of lease liability.
InfoBeans is a global software firm providing Digital transformation and Product Engineering
services. The company has strengthened its position through partnerships with Salesforce, ServiceNow, Creatio, Automattic, and Mendix.
In FY23, the company received 70% of its revenue from the United States of America, followed by 16% from India and 8% from Europe.
The company’s profitability has slightly declined in the recent fiscal year, with a return on capital employed at 14.76 percent and a return on equity at 13.24 percent.
As of the recent shareholding pattern, the promoter holds a 74.18 percent stake in the company, while the retail investor holds a 25.71 percent stake in the company.
Is Infibeam Avenues Ltd an attractive stock to invest in?
1. Is Infibeam Avenues Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Infibeam Avenues Ltd is a below average quality company.
2. Is Infibeam Avenues Ltd undervalued or overvalued?
The key valuation ratios of Infibeam Avenues Ltd’s currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Infibeam Avenues Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Infibeam Avenues Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing.
What does Infibeam Avenues do?
Infibeam provides digital payment services to e-commerce platforms, digital lending, cloud storage and omnichannel enterprise software to businesses across industries globally. It had a revenue of Rs 2,033 crore in FY23, up 56 per cent on-year.
Boost Your Business: How Infibeam’s Digital Solutions Can Transform Your Operations
Unveiling Infibeam’s Revenue Surge: A Game-Changer for Global Enterprises
Description: Learn how Infibeam, with a revenue surge of Rs 2,033 crore in FY23, is revolutionizing digital payment services, e-commerce platforms, digital lending, cloud storage, and omnichannel enterprise software globally.
Introduction
In today’s digital age, businesses strive to stay ahead of the curve by embracing innovative technologies. One such trailblazer in the digital arena is Infibeam, a powerhouse that offers a comprehensive suite of digital solutions to enterprises worldwide.
With a remarkable revenue surge of Rs 2,033 crore in FY23, up by an impressive 56 percent, Infibeam is not just a market player; it’s a game-changer. Let’s delve deeper into how Infibeam’s digital payment services, e-commerce platforms, digital lending, cloud storage, and omnichannel enterprise software are reshaping industries globally.
Infibeam’s Digital Payment Services
Infibeam’s digital payment services are at the forefront of facilitating seamless transactions for businesses across the globe. By leveraging cutting-edge technology, Infibeam ensures secure and efficient payment processing, empowering businesses to cater to the evolving needs of their customers. Whether it’s online payments, mobile wallets, or contactless transactions, Infibeam provides versatile solutions tailored to enhance user experience and drive revenue growth.
Empowering E-commerce Platforms
In the dynamic realm of e-commerce, Infibeam stands out as a catalyst for success. With its robust infrastructure and customizable solutions, Infibeam enables e-commerce platforms to thrive in a competitive landscape. From streamlined inventory management to personalized shopping experiences, Infibeam empowers businesses to captivate their target audience and foster long-term loyalty.
Revolutionizing Digital Lending
Digital lending is undergoing a paradigm shift, and Infibeam is leading the charge with innovative financial solutions. By harnessing data analytics and machine learning algorithms, Infibeam offers tailored lending products that cater to the diverse needs of borrowers. Whether it’s quick loan approvals or flexible repayment options, Infibeam’s digital lending services are redefining access to capital for businesses and individuals alike.
Seamless Cloud Storage Solutions
In an era dominated by data, reliable cloud storage solutions are indispensable for businesses seeking scalability and security. Infibeam’s cloud storage services offer a seamless blend of accessibility, reliability, and affordability. Whether it’s storing critical business documents or hosting mission-critical applications, Infibeam ensures that your data is protected round the clock, allowing you to focus on driving innovation and growth.
Omnichannel Enterprise Software
Infibeam’s omnichannel enterprise software is revolutionizing how businesses operate in today’s interconnected world. With a comprehensive suite of tools encompassing CRM, ERP, supply chain management, and beyond, Infibeam empowers organizations to streamline operations, enhance productivity, and deliver exceptional customer experiences across all touchpoints. From small businesses to multinational corporations, Infibeam’s enterprise software solutions are tailored to fuel growth and drive success.
Frequently Asked Questions
How does Infibeam’s digital payment services ensure security for online transactions?
Infibeam employs state-of-the-art encryption technologies and stringent security protocols to safeguard online transactions, protecting both businesses and customers from cyber threats.
Can Infibeam’s cloud storage solutions scale according to the growing needs of businesses?
Absolutely! Infibeam’s cloud storage solutions are designed to scale seamlessly, allowing businesses to expand their storage capacity as needed without compromising performance or security.
Is Infibeam’s digital lending platform accessible to startups and small businesses?
Yes, indeed! Infibeam believes in democratizing access to financial services, and hence, its digital lending platform caters to businesses of all sizes, including startups and SMEs.
What sets Infibeam’s omnichannel enterprise software apart from other solutions in the market?
Infibeam’s omnichannel enterprise software offers unparalleled integration capabilities, allowing businesses to unify data from multiple sources and deliver cohesive experiences across online and offline channels, driving customer engagement and loyalty.
How can businesses leverage Infibeam’s e-commerce solutions to stay ahead of the competition?
By leveraging Infibeam’s e-commerce solutions, businesses can gain a competitive edge through advanced features such as personalized product recommendations, dynamic pricing strategies, and seamless cross-channel integration, thereby enhancing customer satisfaction and driving sales growth.
Does Infibeam offer customizable solutions tailored to specific industry verticals?
Absolutely! Infibeam understands that one size does not fit all, and hence, it offers customizable solutions tailored to specific industry verticals, ensuring that businesses can address their unique challenges and capitalize on emerging opportunities effectively.
Conclusion
In conclusion, Infibeam’s remarkable revenue surge in FY23 underscores its position as a frontrunner in the digital landscape. Through its innovative digital payment services, e-commerce platforms, digital lending, cloud storage, and omnichannel enterprise software, Infibeam is empowering businesses across industries to thrive in an increasingly competitive environment.
By harnessing the power of technology and fostering a culture of innovation, Infibeam continues to redefine the future of digital transformation on a global scale.
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