Revenue and margin expansion driven by focus on IP driven growth
MUMBAI, INDIA--(Marketwired - December 08, 2017) - Aurionpro Solutions Ltd (NSE: AURIONPRO) (BSE: 532668), a leading provider of technology solutions for Banking, Digital Innovation and Cybersecurity, today announced its consolidated financial results for the second quarter ended September 30, 2017.
H1 FY17-18 Financial Highlights
IP driven strategy has led to margin expansion as is demonstrated in growth of EBITDA & PAT. Key highlights for the first half of FY17-18 are:
*excluding exceptional items
"Our business model continues to remain strong and our strategy to focus on IP driven businesses, while exiting low margin services is bearing results. This has led to continuous improvements in operating margins, new customer additions and geography expansion. We continue to make ongoing investments in R&D & product development," said Samir Shah, CEO, Aurionpro. "We expect accelerated momentum in the second half of the year aided by growing momentum for Isla, our flagship product offering in cybersecurity, We have taken Isla to newer geographies in APAC and are looking to scale to global markets aided by strategic partnerships such as our recent one with HPE, and others."
"We are focused on building efficiencies through superior deliver excellence. We have improved our implementation methodologies and domain training leading to faster deployments and customer delight. We have also rationalized our technology platforms and people pyramid for optimal resource utilization thereby reducing delivery costs. This has enabled us to expand margins while continuing our investments in product and R&D," added Nirav Shah, COO, Aurionpro.
Business Updates & Highlights
About Aurionpro
Aurionpro Solutions (NSE: AURIONPRO) (BSE: 532668) is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry leading IP to deliver tangible business results for global corporations. Employing more than 1,200 domain and technology experts across North America, Asia and Europe, Aurionpro caters to a host of clients across BFSI, Telecom and Logistics industry. For more information, visit www.aurionpro.com.
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