8k Miles Software- Small cap company with exponential growth

About 8K Miles

8K Miles Software Services Ltd is a leading global Cloud & Security solutions company headquartered in the San Francisco Bay area and a publicly traded on Indian Stock Exchanges (NSE and BSE). 8K Miles Software Services provides digital technology solutions – SMAC (Social, Mobile, Analytics and Cloud) for seamless and secured connectivity between consumers, SMBs, enterprises and government agencies protected by EzIAM™ SaaS offering and patented MISP™ platform for accelerated Business Partner federations.

Latest quarter results

8K Miles Software Annual Revenue grows 183.75 %, PAT grows 210.86 % for FY15.

Fourth Quarter revenue grows 23.53% Q-o-Q.

Consolidated Financial Highlights for the financial year 2014-15

Particulars	FY 15	FY 14	Y-o-Y growth
Revenue (INR Lakhs)	12,514	4,410	183.75 %
EBITDA (INR Lakhs)	3,856	1,384	178.56%
PBT (INR Lakhs)	2,899	916	216.44%
PAT before minority interest	2,309	743	210.86%
PAT after minority interest	1,898	608	212.22%

Consolidated Financial Highlights for the Quarter ended March 31, 2015:

Particulars	Q4 FY 15	Q-o-Q growth	Y-o-Y growth
Revenue (INR Lakhs)	4,259	23.53%	135.08%
EBITDA (INR Lakhs)	1,284	18.71%	105.99%
PBT (INR Lakhs)	969	12.09%	166.65%
PAT before minority interest	786	16.95%	184.39%
PAT after minority interest	627	16.52%	159.43%

Key Quarter Highlights:

• Acquired Mindprint, a Canadian company specialized in providing SaaS analytics and operational software to Clinical Research Organizations in North America.

• Launched CloudEzRx™, a cloud-based platform designed to meet the compliance and regulatory needs of Pharmaceutical/Life Sciences industry.

• Secured multiple Healthcare customers for Cloud Managed Services and EzIAM™.

• Conducted several CIO Roundtable road shows in joint partnership with CIO Magazine, AWS and CA Technologies to evangelize Cloud adoption and new IT initiatives.

Key Annual Highlights:

• Acquired SERJ Solutions, a company specialized in providing Epic EHR consulting, managed services and custom application development aimed to enhance the domain and cloud offering for Healthcare providers.

• Entered into a Premier Partnership with CA Technologies to offer Identity and Access Management as a service on AWS cloud.

• Secured new customers for Identity and Access Governance as a Service.

• Launched new UI interface in partnership with Sigma for EzIAM.

• Gained several pharmaceutical customers for Secure Cloud Solutions framework.

• Developed additional business partnerships with New Relic, Microsoft Azure and Splunk in order to successfully penetrate Fortune 1000 companies.

• Built SMAC platform for the Customer (Dragon Wealth) who won the Euromoney Award for innovation in wealth management.

• Has been selected by Kantara Initiative, an US Government trust framework initiative for technical deployment interoperability, as the first Identity Certification platform to validate SAML 2.0 profiles including SAML2INT and US Government FICAM SAML 2.0 for Web SSO Deployment.

Recommendation

Stock was recommended around 600 Rs in April, 2015. It reached new high of 1874 Rs in October, 2015.

Investors are updated about the current position.

For any queries please reach me at : ankurjainraj@gmail.com