Krishna Bodanapu, President & COO, Infotech said Softential buyout will allow Infotech to provide better services to its telecom clients and add to its margins.
Infotech Enterprises announced that its wholly-owned subsidiary, Infotech Enterprises America has signed a definitive agreement to acquire IT service management and service company Softential, Inc in an all cash deal. The buyout will allow Infotech to provide better services to its telecom clients and add to its margins.
Speaking to CNBC-TV18's Latha Venkatesh and Sonia Shenoy about the acquired company, Krishna Bodanapu, President & COO, Infotech said Softential's 2013 revenue stands at USD 17-18 million. The price paid for the buyout includes 1.1 times of its 2013 revenue plus another performance-based payout component based on EBITDA over the 12 months. The company has USD 110 million in cash and part of it will be used to fund the acquisition, Bodanapu said.
Transcript to follow..
Infotech Enter stock price
On March 10, 2014, at 11:10 hrs Infotech Enterprises was quoting at Rs 346.40, up Rs 4.00, or 1.17 percent. The 52-week high of the share was Rs 388.95 and the 52-week low was Rs 157.00.
The company's trailing 12-month (TTM) EPS was at Rs 21.81 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 15.88. The latest book value of the company is Rs 104.21 per share. At current value, the price-to-book value of the company is 3.32.
Anda sedang membaca artikel tentang
Infotech buys US-based Softential in all cash deal
Dengan url
https://olahragakecantikan.blogspot.com/2014/03/infotech-buys-us-based-softential-in.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Infotech buys US-based Softential in all cash deal
namun jangan lupa untuk meletakkan link
Infotech buys US-based Softential in all cash deal
sebagai sumbernya
0 komentar:
Posting Komentar