8K Miles Q3 Gross Revenue grew 91% YoY and 16% QoQ

EBITDA up by 92% YoY and 15% QoQ
Chennai/Mumbai, January 09, 2017: 8K Miles Software Services, Ltd., a leading Global IT Business Transformation, Secure Cloud Solutions and Managed Services Provider, today announced the Company’s unaudited financial results for the quarter ended 31st December, 2016 as approved by the Board of Directors.

Highlights of the Results:
· Gross Revenues grew to 142 crores, an increase of 91% YoY?
· EBITDA grew to 49 crores, an increase of 92% YoY
· Net profit after minority interest grew to 27 crores, up by 138% YoY

“Recent AWS re:Invent 2016 event reported that AWS now has an annual revenue run rate of $13 billion growing 55 percent annually which accounts for most of the profits for the entire company. Cloud paradigm shift is not just about on-premise IT to public cloud. As companies prepare for new IT era, enterprise customers need to get ready to adopt dynamic, cloud-based business operating models, continuous security and compliance governance, IT operations automation and position for cost optimization and increased competitiveness. There will be a lot of benefit from these next generation technologies including Cloud, Analytics, Big Data, IoT, and Mobility to Healthcare IT organizations within Providers and Payors industry. Acquisition of Cornerstone Advisors during Dec 2016, will further strengthen the 8K Miles position as a Partner, Consultant and Technology Solution Provider to US Healthcare clients. “ said Mr. Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services, Ltd.

Lena Kannappan, Chief Operating Officer, 8K Miles added “There is a critical need for differentiated cyber security, continuous compliance and governance solutions while moving agency applications from on- premise to public cloud. Our CloudEz platform along with secure and compliance control framework brings a huge value to Government customers using the cloud.”