- Launched Trust Services in Kenya and acquired a state owned entity in Indonesia.
- The company has three new products under development: Certificate Discovery, IOT Certificate, and Remote Signing. Certificate Discovery is almost fully developed and has already received a large order from a public sector bank in India.
- Guidance: Q4 will likely maintain margins. In FY24, margins might reduce by 1-2% due to office and recruitment costs in foreign countries where office have opened which involve US, Qatar, Saudi Arabia & Kenya.
- They guided in Q2 that H2 will have margins of 38-40% which is actually the case.
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