8K Miles

The company, a leading global Cloud & Security solutions company headquartered in the San Francisco Bay area, announced its Q4FY15 numbers yesterday morning and they were pretty good. It ended the quarter with a consolidated net profit at Rs.6 crore, up 16% (QoQ) and up 159% (YoY). Revenue was up 23% (QoQ) at Rs.43 crore and EBITDA came in at Rs.13 crore, up 19%.

The company is making a mark for itself as a differentiated cloud managed solution provider to the Healthcare sector. By leveraging its expertise in cloud solutions, 8K Miles hopes to help hospitals and healthcare provider and this has become its niche. FY15 has been a bumper year for the company, with its consolidated net profit jumping up 212% at Rs.19 crore on a 184% increase in revenue at Rs.125 crore. FII stake in the company is nil and promoters hold 66.28%.