8K Miles Software Annual Revenue grows 117.47% %

8K Miles Software Services Ltd, a leading secure cloud solutions provider, has announced the Company’s audited financial results for the quarter and year ended March 31, 2016 as approved by the Board of Directors.

“We are starting to make an impact in the highly regulated industries such as Healthcare and Life Sciences with our thought leadership, CloudEzRx™ platform and
drive towards enterprise wide cloud transformation,” - said Mr. Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services Ltd.

Consolidated Financial Highlights for the Financial Year 2015-16: 

Particulars                     FY 16           FY 15    Y-o-Y growth
Revenue (INR Lakhs)       27,214 12,514 117.47%
EBITDA (INR Lakhs)      8,873 3,856 130.10%
PBT (INR Lakhs)             6,829 2,899 135.56%
PAT before minority interest 5,324 2,309 130.58%
PAT after minority interest 3,958 1,898 108.53%

Consolidated Financial Highlights for the Quarter ended March 31, 2016: 

Particulars                      Q4 FY 16 Q3 FY16 Q-o-Q growth
Revenue (INR Lakhs)         8636 7405         16.62%
EBITDA (INR Lakhs)         2635 2535         3.94%
PBT (INR Lakhs)                 2079 1955         6.34%
PAT before minority interest 1636 1519         7.70%
PAT after minority interest 1235 1127                 9.58%

Key Quarter Highlights:
•Endorsement from Microsoft Azure - Trusted Cloud for Industries leveraging   8K Miles’ CloudEzRx™ cloud automation and governance platform to establish solid compliance and security protocols as Life Sciences companies are driving their digital transformation.

•Achieved AWS Managed Service Partner and AWS Life Sciences competencies. This shows that 8K Miles internal processes were held to the highest standard while working with regulated customers’ critical workloads in the cloud.

•Won a Real World Evidence (RWE) analytics project from a large pharmaceutical company by leveraging 8K Miles CloudEzRx™ platform and cloud managed services capabilities.

•Recently won EHR implementations at few hospitals and development of critical interface and interoperability enablement for Epic with other interfacing applications.

•8K Miles approved as an IBM Security Systems Reseller and for IBM’s SVI and SVP program during this quarter.

•Added couple of Fortune 1000 customers for cloud transformation business.

Key Annual Highlights:
•Acquired Cintel Systems, Inc. (“Cintel”), the leading User Interface (UI) and User Experience (UX) design and development services firm in the USA, with more than 7 years of experience developing user interfaces for desktop, mobile and tablets across a wide range of industry segments.

•Acquired NexAge Technologies USA Inc., - a leading Regulatory Compliance and Technology Solutions Company for the Life Sciences Industry in the USA to strengthen Life Sciences competency of the 8K Miles Solutions portfolio.

•Appointed team of highly credible strategic business advisors from various large enterprise organizations that broadens Company’s access to previously untapped business opportunities and innovations

•Achieved Audited Managed Service Partner status with AWS and AWS Life Sciences competencies.

•Partnered with IBM to offer Security Solutions on multiple public clouds

•Added Enterprise customers in Healthcare and Life Sciences customers for Cloud Transformation and Predictive Analytics.

•Launched Access Governance as a Service – to Automate User Access Certification and eliminate risk to improve compliances.

•Secured Microsoft Silver Cloud Platform competency/MS Azure Circle Partner and initiated Cloud alliances in Healthcare space

•Partnered with ServiceNow to offer Cloud ITSM as a Service

About 8K Miles:
8K Miles Software Services is a global Cloud, SaaS & Security Solutions company based in the San Francisco Bay area and a publicly traded company listed on Indian Stock Exchanges (NSE and BSE).

8KMiles Software Services provides digital technology solutions – SMAC (Social, Mobile, Analytics and Cloud) for seamless connectivity between consumers, SMBs, large enterprises, healthcare providers and pharmaceutical companies secured with EzIAM™ SaaS offering, CloudEzRx™ solution for cloud automation and our patented MISP™ platform for onboarding and accelerated Business Partner federations.

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