Aurionpro reports revenue of Rs. 168.65 Cr in Q2 FY17-18, EBITDA at Rs. 29.80 Cr.

MUMBAI, INDIA—(Marketwired – December 08, 2017) – Aurionpro Solutions Ltd (NSE: AURIONPRO) (BSE: 532668), a leading provider of technology solutions for Banking, Digital Innovation and Cybersecurity, today announced its consolidated financial results for the second quarter ended September 30, 2017.

H1 FY17–18 Financial Highlights

IP driven strategy has led to margin expansion as is demonstrated in growth of EBITDA & PAT. Key highlights for the first half of FY17–18 are:

  • YTD Revenue for H1 FY17–18 was 329.06 Crores, up 6.57% YOY.
  • Consolidated EBIDTA for H1 FY17–18 was Rs.56.23 Crores, up 43.20% YOY.
  • Consolidated PAT for H1 FY17–18 was 27.23 Crores, up 76.31% YOY*.
  • Debtor's days has come down from 112 to 76 (H1 FY16–17 to H1 FY17–18).

*excluding exceptional items

“Our business model continues to remain strong and our strategy to focus on IP driven businesses, while exiting low margin services is bearing results. This has led to continuous improvements in operating margins, new customer additions and geography expansion. We continue to make ongoing investments in R&D & product development,” said Samir Shah, CEO, Aurionpro. “We expect accelerated momentum in the second half of the year aided by growing momentum for Isla, our flagship product offering in cybersecurity, We have taken Isla to newer geographies in APAC and are looking to scale to global markets aided by strategic partnerships such as our recent one with HPE, and others.”

“We are focused on building efficiencies through superior deliver excellence. We have improved our implementation methodologies and domain training leading to faster deployments and customer delight. We have also rationalized our technology platforms and people pyramid for optimal resource utilization thereby reducing delivery costs. This has enabled us to expand margins while continuing our investments in product and R&D,” added Nirav Shah, COO, Aurionpro.

Business Updates & Highlights

  • Cybersecurity
    • Isla Web Malware Isolation system shows strong promise and positive momentum across the globe as Malware Isolation is increasing finding priority in the agenda of CIOs and CISOs.
    • Isla has gained strong market acceptance and has over 40 customers currently.
    • Isla's channel partner has grown in strength with over 15 strategic partnerships for manufacturing, distribution and resellers globally.
    • We had two big wins for Isla in India with large financial services organizations. Other countries in APAC also have seen strong demand and traction for Isla.
    • Gartner recognized Aurionpro's cybersecurity subsidiary Cyberinc as continuing to be amongst its Gartner Cool Vendor list that it published in 2017.
    • The IAM practice saw multiple wins and go–lives specifically for its IP with licensing deals with a US based utility provider in addition to two large implementation engagements for IAM. Our IAM practice was also included in the 'Gartner Market guide for IAM professional services 'providers report.
  • Banking and Fintech
    • The banking and fintech business continues to meet financial targets as we have been steadily consolidating our leadership position across India, Middle East and ASEAN region with multiple wins and go–lives.
      • Go–live for Financial Supply Chain module with South Indian Bank.
      • Go–live at Union National Bank.
      • Win for SmartLender with Sacombank, Vietnam.
  • Digital Innovation
    • The customer experience offerings led by our flagship platform ACE see strong traction especially in the Middle East. We have won an engagement with a UAE bank to streamline customer flow across 42 branches while we also went live with 19 bill payment kiosks for a utility provider in Oman. The business continues to enable strong market share expansion.
  • Others
    • Interact DX was selected by 3 leading Indian private sector banks and a Middle East headquartered Telco company.

About Aurionpro

Aurionpro Solutions (NSE: AURIONPRO) (BSE: 532668) is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry leading IP to deliver tangible business results for global corporations. Employing more than 1,200 domain and technology experts across North America, Asia and Europe, Aurionpro caters to a host of clients across BFSI, Telecom and Logistics industry. For more information, visit www.aurionpro.com.

Santa Clara Copper Repipe Specialists at Gladiator Plumbing & Repipe Offering No Cost Estimates for PEX and Copper Repiping

SANTA CLARA, CA—(Marketwired – December 07, 2017) – Santa Clara copper repipe specialists at Gladiator Plumbing & Repipe understand that re–piping Santa Clara is a big responsibility and the experienced PEX and Copper repipe experts at Gladiator Plumbing & Repipe are the Gold Standard according to their customers. Santa Clara repiping experts at Gladiator Plumbing & Repipe have been providing complete repipe and whole house water pipe replacement including galvanized pipe repair for many years. They are the only locally owned and operated repipe specialist who offers a 50 year warrantee and customer satisfaction guarantee that homeowners seek according to James Bailey, President of Gladiator Plumbing & Repipe. “We handle more repiping in Santa Clara County than any other company offering our type of guarantee. We offer a 50 year warranty.”

Recently non local companies have been posing as local Santa Clara repipe specialists. Santa Clara there have been companies from outside the area attempting to present themselves as locally owned and operated companies who claim to be repipe specialists or experts according to Bailey. “We have seen TV commercials, heard radio ads and seen questionable websites from marketing companies from southern California. They present themselves as local companies but what they really do is subcontract the work they get to the lowest bidder in our area. This means homeowners pay a premium for service but they end up getting the cheapest parts and quality of work available.”

Gladiator Plumbing & Repipe offers James's Promise. This includes only hiring technicians who pass an extensive background check and drug screening. It also includes an in home consultation where one of the repipe specialists in Santa Clara from Gladiator Plumbing & Repipe will clearly explain the exact problem a home has and recommendation for repair. “We have seen these crazy ads where out of area companies are offering tankless water heaters as part of the repipe coupon. The bottom line is that gas lines and electrical wires need to be installed to accommodate the tankless water heater, so this ends up making these companies more money.” The Gladiator Plumbing & Repipe Customer Satisfaction Guarantee offers consumers peace of mind when choosing a Santa Clara repipe company.

Gladiator Plumbing & Repipe is Diamond Certified. They have built a solid reputation in the community and are the leading providers of PEX repiping and copper repiping in San Jose and all of Santa Clara County. As a result Gladiator Plumbing & Repipe has accumulated many authentic online reviews. “We have noticed over the past couple of years that many so called repipe companies have been posting fake reviews about their companies. We encourage homeowners to be diligent when reading reviews. It's usually fairly obvious when a company has rigged the system.”

The Gladiator Guarantee Satisfaction Guarantee being offered by Gladiator Plumbing & Repipe includes a 50 year warranty and offers consumers the opportunity to get a no cost consultation so they can carefully evaluate the needs of their home and make an informed decision about who to hire for repiping in San Jose and all of Santa Clara. “You always want to make sure you are comparing apples to apples,” says James Bailey, President of Gladiator Plumbing & Repipe.

To learn more about Gladiator Plumbing & Repipe or their Los Gatos repipe specialists please visit their website. To take advantage of the Customer Satisfaction Guarantee, please call (408) 444–2696 now to schedule a no cost, in home consultation where a diagnosis will be made about your plumbing system. Warranty, material and price will be clearly explained. Gladiator Plumbing & Repipe will, “Make You Smile.”

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