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Saksoft Limited
Sector:IT IT - Software - Small/Medium
BSE:590051NSE:SAKSOFTBloomberg:SAK@INReuters:SAKS.BO
Market Lot: 1Face Value: 10ISIN Demat: INE667G01015
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04-Jul-2017
Business Profile
Saksoft (SAKSOFT) was established in the year 2000. Autar Krishna is the founder promoter of Saksoft. Saksoft delivers software applications to customers in the banking and financial services sectors. The company develops applications in the areas of retail, corporate, and investment banking. In addition, Saksoft provides business application testing and automated testing services, as well as resource augmentation services, including onsite and offsite services.

The company has been assessed at CMMI Level 5 indicating a commitment to excellence in quality in every aspect - from addressing customer needs, ensuring predictable delivery, minimizing error rate, to providing defect-free software.

Saksoft is based in Chennai, India with additional offices in the United States, the United Kingdom, Germany, and Singapore. Aditya Krishna is its managing director of the company at present.


Financials
The company reported rise of 18.27% in consolidated net profit on y-o-y basis to Rs 50.42 million, while total income increased 2.15% y-o-y basis to Rs 621.03 million for the quarter ended September 2016.

Recent Developments
04-JUL-17
Saksoft has completed the acquisition of balance 24% of equity stake in Threesixty Logica Testing Service (360 logica). Consequently, 360 logica has now become a wholly owned subsidiary of the company.

30-JUN-17
Saksoft has received an approval to acquire the balance 24% of equity stake in Threesixty Logica Testing Service (360 logica) for amount not exceeding Rs 700 lakhs. With this, 360 logica will become a wholly owned subsidiary of the company. The board of directors at their meeting held on June 30, 2017, has approved for the same.

16-DEC-16
Saksoft witnessed a rise in share price on Friday after the company has signed an agreement to acquire majority stake (60%) in Bengaluru based DreamOrbit Softech (technology solution

16-DEC-16
Saksoft, a leading digital transformation company, announced that it has signed an agreement to acquire majority stake in Bengaluru based DreamOrbit Softech Private (technology solution consulting firm with a focus on providing IT services to the Logistics Industry).

01-JAN-15
Saksoft, a leading provider of information management solutions to successful companies, has acquired a 51% ownership stake in Threesixty Logica Testing.

13-MAR-14
Saksoft said that the board of directors has approved by means of passing a circular resolution the allotment in total of 70,000 equity shares of the company pursuant to exercise of respective options under ESOP 2009 plan by the respective eligible employees of the company at the grant price fixed on the date of grant being Dec. 03, 2010.

27-MAY-13
Saksoft announced that its board of directors has recommended a final dividend at the rate of 20% or Rs 2 per equity share on the face value of the paid up equity share capital for the year 2012-13.

09-JAN-13
Saksoft, an information management specialist company announced that its UK subsidiary Acuma solutions has entered into a partnership with Birst, the leader in agile business analytics.



In Brief

 
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