The acquisition of Dallas-based (and offshore-enhanced) Oracle Commerce and CX consultancy, Trans American Information Systems (TAIS) by UK-focused, mid-tier offshore services firm Mastek, served to burnish what would have otherwise been rather muted growth in the last quarter of FY17 (to 31st March 2017). TAIS added some Rs5.2b to Mastek’s Q4 revenues, boosting them by 45% yoy to Rs18.0b (c.£22m). This brought FY headline revenues to Rs52.5b (c.£64m), 6.7% higher than the prior year. TAIS served to boost Mastek’s profitability too, helping to more than double the prior year’s desultory 3.6% operating margin to reach 8.4% in FY17.
I met up with Mastek’s new Group CEO, John Owen, recently, along with UK chairman, Joe Venkataraman, who took me through the rationale for Mastek’s in effect re-entry into the US market. I will expand on this in the next edition of OffshoreViews.
Posted by Anthony Miller at '09:45'
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