Adding - Interesting finds from FY23 Annual Report
CEO - Perhaps there are some insights that
investors can glean from Workiva which
is listed on NYSE. For us they are the
company to emulate. The company
chalked up revenues of USD 538 million
last year but is loss making. I would
recommend to our investors to study
Workiva to appreciate what is possible at
IRIS if we had the resources.
Create Segment - Clients subscribe to our
software to generate their regulatory
submissions. This is our fastest growing
part of our business, the products are
largely delivered as SaaS offerings.
Then there is CRILC, a household name
in the Indian banking system, developed
by us for the RBI. I cannot overstate the
importance of CRILC in transforming
the Indian banking system, rendering
it the strongest it has ever been since
independence
P&L
other Exp 28% of Revenue - 19.5 Cr
Partner Fees 4.4 Cr - need to understand this
bank charges and processing fees towards borrowing facility - 2 Cr
Subscribe To Our Free Newsletter |