In an interview with Meena Konar of Myiris.com, Sunil Bhatia, CEO & MD, Blue Star Infotech says, "We are strengthening our offerings, especially in the digital front, providing high-end value added services to clients."
1.Blue Star Infotech PAT witnessed a strong growth of 33.6% during the quarter. How do you see your performance for the coming quarter?
We will see a good surge in profits in next quarter as well. We are strengthening our offerings, especially in the digital front, providing high-end value added services to clients. This change in revenue mix will help us to maintain good profit margins in the coming quarters as well.
2.The company's revenue fell marginally during the quarter. How do you see revenue growth going forward?
Our revenue will remain flat for the year end. As mentioned we have a change in our revenue mix and we look forward to invest our resources only in high end projects. Also as a conscious decision we are slowly closing our unremunerative businesses which were adding only to the topline, while eroding the profits.
3. Do you foresee any new major customers or new markets emerging in the future?
US remains our focus market followed by Europe, India and APAC. We are open to new markets and have ventured into UAE market last quarter. We won a new deal from one of the leading international property operators for rendering collaboration and service planning offerings.
We will keep focusing on winning new customers in diverse markets. At the same time we would also like to bring in further innovation and value addition in our service offerings to existing set of clients. We already have a rich client portfolio and we would like to further expand our service offerings to them.
4. Could you tell us about your capex and expansion plans?
Geographically, we are already present in all strategic locations-US, UK, Europe, Singapore, Malaysia, and India. We will continue to invest in building our capabilities in digital transformation space. The focus would be on strengthening our internal teams in the related technology space, spending on R&D and IP based solutions.
5. Would you like to convey any message to the shareholders of the company?
We are positive about our growth and believe firmly in the strategy we are following which will help us transform from a generic service player to a more solutions oriented partner to our clients. We would like to thank the shareholders for their continued support and expect the same in future.
