Promoter appears to have reduced his stake: http://economictimes.indiatimes.com/markets/stocks/news/little-known-it-stocks-go-sky-high-but-promoter-stakes-drop/articleshow/49102644.cms
Any thoughts on this?
Spoke to a CTO/CIO in a listed pharma company, he felt that their service would be of interest to even non-US pharma companies as it may allow for management of compliance, proprietary data, etc. However, although he was on SAP, he did not seem eager to transfer to cloud in a hurry. Conclusion: for him the product was a ‘vitamin’ and not a ‘painkiller’. However this needs further validation with other companies.
Also, need to understand what proportion of their revenues arise as a result of being an Amazon Platinum vendor and what % from Microsoft and others. What is the likelihood of Amazon providing the same services to end users in house and making 8k/others redundant? Who are the other approved vendors of these cloud providers?
As far as management goes, appears to be a technocrat & serial entrepreneur with a track record of building and selling several IT businesses.
Disclosure: invested at lower levels
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