In Wednesday’s trading session, the share price of a global Digital Technologies, Operations, and Experiences company surged 8.7 percent to hit an intraday high at Rs. 626, after the company received a patent for its AI-powered Intelligent Document Processing software. 

At 03:07 p.m., the shares of Datamatics Global Services Limited were trading in the green at Rs. 604.4, up by nearly 5%, as against its previous closing price of Rs. 575.85, having a market cap of Rs. 3,560.6 crore. 

The company informed the stock exchanges about receiving a patent for its AI-powered Intelligent Document Processing software TruCap+, that is, ‘System And Method Of Automated Document Processing For Structured, Semi-Structured And Unstructured Documents’. 

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Datamatics TruCap+ automates data extraction from complex structured, semi-structured and unstructured documents. With AI at the core, it enables a template-free approach and delivers a greater straight-through processing (STP) with a high accuracy. 

TruCap+ provides an intuitive UI to deliver business users an efficiency-driven solution, while its cloud-based architecture allows TruCap+ to scale on demand while meeting enterprise-grade standards for security, reliability, and integration. 

Recently Datamatics further enhanced TruCap+ with GenAI capabilities, enabling customers to leverage the power of GenAI for processing complex and unstructured documents such as legal documents, financial statements, medical images, drawings, graphs, emails, etc. 

Additionally, it allows customers to query and analyse extracted data using a natural language querying feature. 

In terms of financials, the company reported a growth in the revenue from operations by 11.7 percent QoQ, from Rs. 369.3 crore in Q3 FY23-24 to Rs. 412.71 crore in Q4 FY23-24, while the after-tax profit increased by 25.8 percent from Rs. 41.41 crore to Rs. 52.1 crore, during the same period. 

As per the shareholding pattern of March 2024, the Promoters hold a 66.44 percent stake in the company, Foreign Institutional Investors (FII) hold a 2.33 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 31.04 percent and 0.19 percent stake in Datamatics, respectively. 

The stock has delivered positive returns of nearly 9.3 percent in one year, but around 17.5 percent of negative returns.

Datamatics Global Services Limited is a Digital Technologies, Operations, and Experiences company and has established products in Intelligent Document Processing, Robotic Process Automation, AI/ML models, Smart workflow, Business Intelligence, and Automatic Fare Collection. 

The company caters to a diverse global clientele across banking, financial services, insurance, healthcare, manufacturing, international organizations, and media & publishing. 

Written by Shivani Singh 


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