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26-Jan-2024

CMS Info Systems

Confident of Rs 2500-2700 revenue for FY25


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CMS Info Systems hosted a conference call on Jan 25, 2024. In the conference call the company was represented by    Rajiv Kaul (CEO & Executive Vice Chairman);    Pankaj Khandelwal (Chief Financial Officer);    Manjunath Rao (President Managed Services) and Anush Raghavan (President Cash Management Services).

Key takeaways of the call

Growth witnessed across both businesses. Seeing benefits from both increased formalization and refresh cycle in the banking sector.

New business wins in Managed Services & Technology Solution business  during Q3FY24 was Rs 600 crore and YTDFY24 was RS 1250 crore. Total order book has grown to Rs 4400 crore.  Its integrated platform is helping the company to execute large order book.

Execution of orders bagged in YTD FY24 will start by end of this fiscal and the contribution of it to top line will be more in FY25-26.

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