EBITDA margin grew to 25.5 percent, significantly higher than the 14 percent margin reported in the previous quarter.
The contract, pegged at €4.22 million, will be spread over five years and covers cloud hosting, software licensing and implementation services.
The company also announced that it has received a letter from an international client for an Enterprise Content Management (ECM) solution worth $1.3 Million.
This purchase order, received from an international client, does not fall under related party transactions as defined by the Companies Act, 2013.
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