The share of this small-cap company gained up to 6 percent after the company announced the powers digital Transformation at imageOne with AI and Intelligent Automation Solutions.
With a market capitalization of Rs 3,637 Crores. Datamatic Global Service Ltd, On Wednesday, The shares closed at Rs 616.65 a share, an increase of 3.88 percent from the previous closing price.
The company filing states that Datamatic Global Service Ltd., via its intelligent automation solutions, TruCap+ Intelligent Document Processing (IDP), and TruBot Robotic Process Automation (RPA), announced the continuous success of its partnership with imageOne. ImageOne has benefited from these solutions by automating a number of manual processes to increase scalability, reduce costs, and improve business efficiency.
With the use of AI and ML, Datamatics’ TruCap IDP automates repetitive, high-volume tasks related to data capture and classification from scanned documents and forms. Robotic process automation, or TruBot RPA, allows business processes to be automated quickly.
Datamatric Global Service Ltd. focused on new-age technology areas such as AI & Cognitive Science, RPA, and IDP while also developing its own intellectual property products in high-growth markets such as TruCap+, TruBot, FINATO, TruBI, TruAI, and TruFare.
Looking into the company’s performance, Datamatic Global Service Ltd’s revenue increased by 10 percent from Rs 343 Crore in Q2FY23 to Rs 377 Crore in Q2FY24. During the same period, net profits increased by 25.6 percent from Rs 39 crore to Rs 49 crore.
The stock has delivered a multi-bagger return of 102.29 percent in a year. As a result, if an investor bought Rs 1 lakh shares in the company, their shares are now worth 2.05 lakhs in a year.
Datamatric Global Service Ltd helps businesses all over the world overcome their business challenges and achieve operational efficiencies by offering business-aligned next-generation solutions to a wide range of industry verticals.
Written By:- Abhishek Singh
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