Business Wire IndiaGSS Infotech Limited, a global IT services company, today announced its results for the first quarter of FY20, ending June 30, 2019, on a consolidated and standalone basis.
- Apr – June 2019
The results for Q1 FY20 were taken on record at the meeting of the Board of Directors held today.
During the current quarter, the company has been consistent in performance with the previous quarter and operationally the company has maintained Revenues yet increased the PAT compared to the previous quarter. However, we foresee the strong performance for rest of the year.
Management Outlook
GSS Infotech stays focused on Digital Transformation, Automation and Security for enterprises and technology providers in key technologies like Application development, Infrastructure management services, Cloud and Security focused on the ME, ASEAN and US region having its global delivery centre in Hyderabad.
GSS continues to strengthen its proven expertise in Application development, Infrastructure Management and IT services while adding Automation capabilities.
Speaking on the company's performance, Mr. Bhargav Marepally, Founder CEO, GSS Infotech Limited said, “though there is a nominal dip in the Revenues, the company did better on the profitability compared to the previous quarter. The company is continuing to actively pursue inorganic strategies. To that end the company is in active discussions with more than one target entity to potentially acquire them.”
Source: Businesswire