8K Miles

8K Miles Software had consistently hit the 10% upper circuit a couple of days back after it announced that through its US subsidiary, it acquired SERJ Solutions, a provider of innovative Epic EHR consulting, custom application development, and support solutions for the healthcare market. This move solidifies 8K Miles goal to offer a unique and differentiated cloud managed solution to the Healthcare sector. By leveraging its expertise in cloud solutions, 8K Miles hopes to help hospitals and healthcare provider

8K Miles is a global secure cloud solutions and managed services company, providing digital technology solutions. The company had hit the high of Rs.804 on the back of its very good numbers for Q2FY15. It announced a three times jump in consolidated net profit at Rs.4 crore on a 200% (YoY) rise in operational revenue at Rs.27 crore. With this performance, in H1FY15, its net profit of Rs.7 crore has surpassed the net profit of FY14 of Rs.6 crore. With two more quarters to go, clearly, it will be a bumper year for this IT company. Fund house too have taken keen interest in the stock, with DSP Blackrock and Sundaram BNP together picking up 5% stake in the company. FII stake remains miniscule at 0.03% and promoters hold 66.28%.