IT stock engaged in providing information technology, business process management, and consulting services hit a 20 percent upper circuit in the day’s trade upon partnering with Microsoft to Build AI Solutions.
Price Action
With a market capitalization of Rs. 3,974 Crores, the shares of Datamatics Global Services Limited hit a 20 percent upper circuit at Rs. 673.20 per equity share, from its previous day’s close price of Rs. 561.
What Happened
Datamatics Global Services Limited has partnered with Microsoft to develop its own copilot solutions focusing on process automation to accelerate business transformation for organizations
Datamatics had launched a Partner On-boarding Copilot available on the Microsoft Teams store which integrates Azure OpenAI with Datamatics Intelligent Automation Platform. With this Datamatics was recognized as one of the ISVs building an ISV custom copilot solution and they were featured in the Microsoft Build 2024 conference held in Seattle, USA.
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Datamatics advances its copilot innovation by customizing solutions for each organization with support for Microsoft 365 or creating custom copilots for each unique client organization. This enables organizations to maximize the potential of copilots through a personalized, consultative approach rather than a one-size-fits-all method.
Management Message
Speaking on the occasion, Rahul Kanodia, Vice Chairman and CEO of Datamatics said,” We are thrilled to be named one of Microsoft’s top ISV partners globally and to be highlighted in the “AI First Mover” Series.
Microsoft Copilot and the Generative AI space offer significant opportunities for businesses to automate and unlock their untapped potential. Our collaboration with Microsoft is driven by a shared commitment to empower organizations worldwide. We will continue to introduce Copilot-based products and services to accelerate business transformation for our clients.”
About the Company
Datamatics Global Services Limited is a global provider of information technology (IT), business process management (BPM), and consulting services. It has established products in Intelligent Document Processing, Robotic Process Automation, AI/ML models, Smart Workflows, Business Intelligence, and Automatic Fare Collection.
Datamatics Global Services Limited caters to a diverse global clientele across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing.
Financials and Ratios
Its revenue from operations grew by 0.74 percent from Rs. 391 Crores in Q1FY24 to Rs. 394 Crores in Q1FY25, accompanied by profits of Rs. 55 Crores to Rs.44 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 16.6 percent and a Return on capital employed (ROCE) of 21.2 percent. It has reported a debt-to-equity ratio of 0.01.
Written by: Bharath K.S
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