Fintech

Aurionpro Reports Strong Growth in EBITDA With Sustained Business Momentum

Fintech Investing

Aurionpro Solutions (NSE:AURIONPRO; BSE:532668) has announced its consolidated financial results for the quarter ended June 30, 2017. As quoted in the press release: Q1 FY17-18 Financial Highlights Total revenue for the period was Rs. 160.41 Crores, up 12.8% YoY Consolidated EBITDA (net of Forex and excluding other income) for the period was Rs. 28.12 Crores, …

Aurionpro Solutions (NSE:AURIONPRO; BSE:532668) has announced its consolidated financial results for the quarter ended June 30, 2017.
As quoted in the press release:

Q1 FY17-18 Financial Highlights

  • Total revenue for the period was Rs. 160.41 Crores, up 12.8% YoY
  • Consolidated EBITDA (net of Forex and excluding other income) for the period was Rs. 28.12 Crores, up 88% YoY
  • Profit After Tax (PAT) was Rs. 13.49 Crores

“We are very happy with our performance across all lines of business. This quarter’s results are testimony to the sustained investments we have made, in the last couple of years, towards building a strong portfolio of products and IP. This is clearly visible through the robust growth reported in this quarter’s EBITDA, with over 63% revenues coming from IP-led businesses,” said Samir Shah, CEO, Aurionpro, “While our digital innovation and banking businesses have always been IP driven, it is very encouraging to see strong demand for our IAM products and IP. We expect to sustain and continue accelerating market momentum through the rest of the year.”
Business Updates & Highlights
Isla web malware isolation system

  • In the wake of recent cyberattacks worldwide in the form of ransomware, phishing, Isla is increasingly seen as an inevitable component of an enterprise’s security stack; the product has seen great traction and acceptance across verticals and various geographies globally
  • Cyberinc, the subsidiary focused on cybersecurity, signed a strategic OEM agreement with Hewlett Packard Enterprise (HPE) for manufacturing and supply chain fulfilment of the Isla Appliance. We are launching Go To Market initiatives that will aim to expanding market reach for Isla, in the coming quarters
  • Isla was rolled out to South East Asian markets with new partnerships with key reseller partners and distributors across Indonesia, Thailand and Philippines.

Click here to read the full press release.

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