I want to write about 8k Miles Software
Market Cap 1500 Cr.
Debt 40 Cr.
PE 65, valuation is expensive,
Main Business
Providing Cloud Solutions to the Global Customers
Managing cloud applications for Global Customers with Global Partners like IBM,, Microsoft, CA Technologies etc.
Main Global Customers
MERCK, CISCO, Trimble, GSK, Adidas, Stanford University
Financials
Main Growth Factors
Companies are finding it easy to go for cloud , rather than investing in IT infrastrcuture.
For companies it is moving fixed cost in variable cost
Total Cloud market is expected to grow to US$ 282 billion ( Source Nasscom Gartner, 2015)
Explosion in Broadband and smart phone penetration with 3G and 4G services
How is 8k places
One of the early movers in the field
has global Customers
Experiences Promoters from the same field,
Disclaimer
I am not expert in the cloud field, so difficult for me to make a recommendation , however will request Value Pickr members to comment on this opportunity
Company has shown almost 10X growth in less than 5 years and still talk about the huge potential it has
Not invested , however planning to make small investment to start with
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