Dear Shareholder(s),
Last few years have been rough for everyone due to the pandemic. As life is coming back
to normal it opens up new opportunities for growth of your company. The pandemic era
changes in the way we do business with most infrastructure on the cloud continues to hold
good.
The abilities gained by the SME segment during the pandemic era to scale up on demand
and scale down as demand subsides has led to their cloud transformation in the truest
sense.
Your company continues to play a critical role in this transformation by providing
accelerated Computing on the Cloud which supports modern machine learning/deep learning
driven applications and other critical workloads at an affordable price. Our cloud
infrastructure is used for solutions in the fields ranging from Data Science, NLP,
Computer Vision / Image Processing, Observability, Consumer Tech, and much more. E2E
provides end to end simplified cloud computing services so that developers and data
scientists can spend more time delivering solutions than on management of multiple layers
of compute infrastructure from the ground up and SME entrepreneurs can scale their
businesses faster at a reasonable cost.
FINANCIAL PERFORMANCE
During FY 2022, your Company has made dramatic improvements across every key
operational and financial metrics. We believe we are now well-positioned to achieve
durable revenue growth with significant free cash flow generation in the long term.
In FY 2022, your company has crossed INR 50 crores benchmark in revenues, experiencing
strong growth of over 40%. Even more satisfying was the fact that this growth has come
with an operating margin (EBITDA) of 44% and PAT margin of 12.5%. This growth is the
source of our energy and vibrancy. We achieved this through continuous investments in
development of our Cloud Platform, targeting product market fit for our customer needs on
our Cloud platform, maintaining our existing customer base along with increasing our
customer base.
THE ROAD AHEAD
We are in the midst of a multi-year technology upgrade and cloud adoption cycle that
provides strong, structural growth drivers for the next few years. We are very excited
about the increasing reliance on the accelerated computing workloads on the cloud and are
working on deepening our partner ecosystem and customer relationships, our goal is to gain
more market share in the SME and data science segments to help power the growth in the
medium term.
We believe in earning the trust of all our stakeholders, and the communities we operate
in and that entails delivering value for our customers and our team members. The interests
of our shareholders are automatically served when the customers and our team members are
happy.
We are grateful for your continued support and the trust you have placed in the
company.
Warm Regards,
Sd/-
Tarun Dua
Chairman & Managing Director.