Attended AGM today: Based on Share holder speakers Queries management responses: 1.Oracle Corp Parent CO advantage gives them direct entry into big ticket clients .with Zero cost they use the overseas offices of Oracle Corp without any overhead costs. 2. They believe in margins and value than volume. 3.Migration of clients from legacy Software to Cloud is taking some time. Revenue sharing to Cloud platforms they are yet to work out. 4.Huge cash RESERVES are kept for any attractive valuations available for acquisitions in Startup space. 5.No change in dividend Policy and will be continued. So my reading is the Parent Company is very conservative in approach and will take UP only High margin projects. We can not expect high Growth but dividends are going to be much attractive with a possibility of Special dividend also next year. As of now doesn’t look like any delisiting in near future!
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