Datawind Emerges from a Challenging Year Relatively Buoyant

An article published in the Globe and Mail outlined Datawind’s (TSE:DW) relative success the past year, while facing a difficult market.
According to the company’s press release about the article:

The Globe’s Ian Marlow writes that over the past 18 months, as China’s slowdown and a global oil glut prompted a decline in commodity prices and severe volatility in emerging markets, chief executive officer Suneet Tuli managed to triple Datawind’s quarterly revenue to $15-million. Datawind makes inexpensive tablets and smart phones for developing countries. Mr. Tuli suspects turbulence in emerging markets — where his company does almost all of its business — is responsible for Datawind’s depressed stock price. Mr. Tuli remains optimistic about the chances in emerging markets for the fleet-footed. He is now thinking about allowing distributors to pay him in Indian rupees or Chinese yuan. Excel Funds economist Christine Tan expects both India and China to do well because of rising domestic demand. In China, she is investing in sectors particularly well placed for Beijing’s attempt to shift its economy toward domestic consumption and away from one that is export-based. She says, “Investors have to take a long-term perspective on China.”

Click here to read the full press release.