SecureKloud reports total revenue of Rs95.50cr in Q3 FY'22

8 Feb 2022 , 12:34 PM

SecureKloud Technologies Ltd. (formerly known as 8K miles) announced its results for the quarter ended December 2021 and has reported marginal growth in numbers.

The company reported total revenue of Rs 95.50 crore for Q3 FY’22 as against Rs 87.10 crore for Q2 FY’22, reporting a growth of 9.6% of QoQ. Its’s gross profit for the quarter ended December 2021 stood at Rs 25.40 crore against Rs 22.90 crore for the previous quarter, a growth of 10.7% QoQ.

It’s EBIDTA reported negative at Rs 37.70 crore for Q3 FY’22 as against negative EBITDA of Rs 19.40 crore for Q2 FY’22.

The company’s net loss stood at Rs 41.74 crore for December 2021 quarter, as against Rs 24.03 crore for the previous corresponding quarter. Company’s overall recurring revenue has gone up to 40.5% in Q3 FY22 from 39% in Q2 FY22.

EBIDTA margin settled at -39.4% for Q3 FY’22 against -22.30% for Q2 FY’22.

“We are pleased to announce the acquisition of Devcool Inc, a leading EHR solution and Managed Services Company; this acquisition will strengthen our EPIC practice and extend our reach into cancer research hospitals and university medical centers. We will continue to grow aggressively on our M&A and Organic growth objectives which will help us to gain significant market share,” commented Suresh Venkatachari, Chairman & CEO of SecureKloud Technologies Limited.

At around 12.40 pm, SecureKloud Technologies was trading at Rs 120.05, down by Rs 2.45 or 2% against its previous closing price of Rs 122.50.