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Datamatics Global Services Announces Q4 and FY2017 Financial ResultsMUMBAI, May 24, 2017 /PRNewswire/ --
Datamatics Global Services Ltd. (DGSL), a global provider of Consulting, Information Technology, Data Management and Business Process Management services today announced the financial results for its fourth quarter and the fiscal year ended March 31, 2017 as approved by its Board of Directors. Q4FY17 Performance
FY17 Performance
Balance Sheet Performance
The Board of Directors of the Company have recommended a final dividend of INR 0.75/- [15%] per equity share. Commenting on the results and financial performance, Rahul Kanodia, Vice Chairman and CEO said, "We have witnessed significant business traction in the areas of Robotics, Artificial Intelligence and Machine Learning, and with our unique client partnership model, we focus on understanding client requirements and providing smart solutions that support their business growth objectives in the digital world. The key thrust area for us in FY2018 as a business is around Cognitive Systems, Robotics and Automation for which we have made new technology investments, and with the sector growing and creating new opportunities, we are well-positioned for the year ahead and beyond." Other Highlights for FY2017
About Datamatics Global Services Datamatics is a global provider of Consulting, Information Technology (IT), Data Management and Business Process Management services to several Fortune 500 companies. Datamatics has a fully integrated offering to support digital transformation of organizations through Smart Processes, Smart Systems, Smart Devices and Smart Data. These solutions are powered by Robotics, Artificial Intelligence and Machine Learning algorithms, which offer improved business efficiency in the interconnected world. The core operation of Datamatics is built around 'Data to Intelligence', wherein Datamatics leverages data to extract intelligence and patterns thereby facilitating smarter and quicker decision making. Datamatics has adopted the highest standards of service quality and operational excellence, enabling its clients across a wide range of industry verticals to transform into a truly digital, data driven enterprise. Its customised solutions help enterprises maximize productivity, improve speed and accuracy. Headquartered in Mumbai, the company has a presence across America, Australia, Asia and Europe. Safe Harbour Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry. For media queries, please contact: Mehul Mehta |