Note from AGM:
Outlook: The goal is to double the revenue from FY 24, in the next three years by FY 27. So We’re on track. As you have seen, the growth in Q1 has been pretty healthy at 21% and organically and inorganically combined to get to the goal of doubling our revenues entails about 26% CAGR and we’re confident that we should be able to achieve that over the next three years.
Margin expansion: what we have guided for in previous quarterly earnings is about 150 basis points to 200 basis points expansion. So we’ve been at about 20%. So, we should see that kind of expansion in our EBITA margins over the course of this fiscal year.
Microenvironment: global travel industry continues to hold steady in the face of the evolving situations in some pockets and, the SCIFT travel index that we follow continues to hold steady at 104 in June. With key geographies within Europe witnessing a strong summer season and Asia Pacific still witnessing some healthy tailwinds being one of the last geographies to open up. The hotel industry growth continues over 2023 levels buoyed by improved occupancy. Recent surveys conducted by leading global consultancy firms have highlighted that recreation and leisure travels continue to be at the top of the list for discretionary spend for consumers demanding a higher share of wallet and kind of reaffirming the outlook for the travel sector in terms of the next few years that there are some healthy tailwinds for growth within this space. So overall things are holding quite steady and within that, customers continue to drive investments into the industry. It opens new opportunities for RateGain to be able to further consolidate its position over there.
Other was on M&A.
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