8K MILES SOFTWARE SERVICES LTD. has reported financial results for the period ended June 30, 2018.
The company has reported net sales of Rs.245.07 crores during the 3 months period ended June 30, 2018 as compared to Rs.195.73 crores during the 3 months period ended June 30, 2017.
The company has posted net profit of Rs.47.51 crores for the 3 months period ended June 30, 2018 as against Rs.38.20 crores for the 3 months period ended June 30, 2017.
The company has reported EPS of Rs.15.57 for the 3 months period ended June 30, 2018 as compared to Rs.12.52 for the 3 months period ended June 30, 2017.
|Total Income||₹ 245.07 crs||₹ 195.73 crs|| 25.21%|
|Net Profit||₹ 47.51 crs||₹ 38.20 crs|| 24.37%|
|EPS||₹ 15.57||₹ 12.52|| 24.36%|
"AI and Machine Learning will continue to impact the areas of IT infrastructure and operations, particularly in the DevOps space, where large enterprises can benefit from ML's ability to manage resources and predicting cloud consumption. During the recent GoogleNext 2018 conference, GoogleCloud's head Diane Greene stated that Artificial Intelligence is the number one opportunity for Google. We are investing in building additional AI Bots to our CloudEz platform which can further reduce the infrastructure costs for Life Sciences and Healthcare cloud customers." said Mr. Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services Limited.
Shares of 8K MILES SOFTWARE SERVICES LTD. was last trading in BSE at Rs.373.7 as compared to the previous close of Rs. 368.1. The total number of shares traded during the day was 81185 in over 2244 trades.
The stock hit an intraday high of Rs. 380.5 and intraday low of 362.6. The net turnover during the day was Rs. 30356341.