Saksoft Ltd— BUY—63—INR
Sector — Software
Regd.Off.— 38, V. K. Iyer Road, Mandaveli, Chennai (T.N.) - 600028
Listed — NSE, BSE.
Company overview—
Company is a focused towards Business Intelligence & Software solutions to the Banking and financial services industry. It’s a service provider, offering products, custom solutions, testing services and resource augmentation services all over the world. Company provides solutions of domain knowledge and technical expertise in banking and financial services. Company has established its presence all over the world and has offices in the USA, UK, Germany, Singapore and India. Company has expertise in Credit cards (Scoring, Collections, Campaign management etc.), Lending, Trading, Clearing and Settlement applications. Aditya Krishna founded Saksoft in 2000 and drives the business development efforts of Saksoft. Ramanathan V (Executive Director) leads the delivery team in Saksoft and provides technology directions. Ramanathan has over 26 years of experience in the technology industry. He has worked with Wipro for 11 years and handled different functions & markets. Business today ranked the company in india’s top 1000 private sector companies in India.
Products & services—
Saksoft is a specialized provider of software services and solutions to the Banking and Financial Services Industry. It’s a full service provider, offering products, custom application development, testing, operations support etc. It also offer resource augmentation services, both onsite and offshore to its clients. Its solutions are a combination of domain knowledge and technical expertise, spanning all areas of banking and financial services. Company offers its product for Business intelligence, business application testing and implementation, operations and production support, resource augmentation etc.
Company is adopting new and emerging technologies to deliver innovative solutions to its customers. Company worked on several projects that require integration of multiple operating systems and platforms. It covers the entire spectrum of technology platforms predominantly used by enterprises. Its focus areas are Application Development and Maintenance, Web Enabling Legacy Applications, Architecture Consulting and Strategy, Business Intelligence, Data Warehousing / Data Mining, Testing (Manual / Automation / Performance), Application Integration, Conversion / Migration / Re-engineering, Managed IT Solutions.
Technology Labs - Company created technology labs for the benefit of its own team. Technology Labs provide the company with the ability to learn and assimilate new technology, before deploying the technology in client projects. The three large technology labs are - BI Lab - For work in the Business Intelligence area (RDBMS, ETL tools, OLAP cube creators/ viewers etc). Testing Lab - Where new tools on automated testing are learnt & new testing methodologies are created.
Business Consulting – company’s Business Consulting Group (BCG) creates business value for customers using its industry domain knowledge and wide-ranging experience. The BCG forms a core group that leads and architects all Saksoft projects. Their roles include Business Process definition, Needs analysis, Requirement definition, Requirement analysis and solution design, Gap analysis for product implementations, Business Data Analytics, Test Strategy and Planning, Test Case Creation.
Company caters to many high profile banking and financial institutions across the globe. Some of them are Citibank, TransUnion, Morgan Stanley, CompuCredit, Deutsche Bank, Development Bank of Singapore (DBS), ABN Amro bank, Bank Mandiri, United Overseas Bank, Interactive Business Systems, HDFC bank, Standard Chartered Bank, GE Consumer Finance, Franklin Templeton, National City, Bottomline Technologies, Amber Credit, Scope International etc.
Valuation—
Company is expanding its fleet in all the areas of banking and financial sector. We expect the company’s revenue to grow at a CAGR of 20% for next 3 years. At CMP, stock is trading at 9.4 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy "Saksoft Limited" for medium to long-term investment horizon.
Source: Internet (Valuenotes by Abhishek Jain)
Sector — Software
Regd.Off.— 38, V. K. Iyer Road, Mandaveli, Chennai (T.N.) - 600028
Listed — NSE, BSE.
Company overview—
Company is a focused towards Business Intelligence & Software solutions to the Banking and financial services industry. It’s a service provider, offering products, custom solutions, testing services and resource augmentation services all over the world. Company provides solutions of domain knowledge and technical expertise in banking and financial services. Company has established its presence all over the world and has offices in the USA, UK, Germany, Singapore and India. Company has expertise in Credit cards (Scoring, Collections, Campaign management etc.), Lending, Trading, Clearing and Settlement applications. Aditya Krishna founded Saksoft in 2000 and drives the business development efforts of Saksoft. Ramanathan V (Executive Director) leads the delivery team in Saksoft and provides technology directions. Ramanathan has over 26 years of experience in the technology industry. He has worked with Wipro for 11 years and handled different functions & markets. Business today ranked the company in india’s top 1000 private sector companies in India.
Products & services—
Saksoft is a specialized provider of software services and solutions to the Banking and Financial Services Industry. It’s a full service provider, offering products, custom application development, testing, operations support etc. It also offer resource augmentation services, both onsite and offshore to its clients. Its solutions are a combination of domain knowledge and technical expertise, spanning all areas of banking and financial services. Company offers its product for Business intelligence, business application testing and implementation, operations and production support, resource augmentation etc.
Company is adopting new and emerging technologies to deliver innovative solutions to its customers. Company worked on several projects that require integration of multiple operating systems and platforms. It covers the entire spectrum of technology platforms predominantly used by enterprises. Its focus areas are Application Development and Maintenance, Web Enabling Legacy Applications, Architecture Consulting and Strategy, Business Intelligence, Data Warehousing / Data Mining, Testing (Manual / Automation / Performance), Application Integration, Conversion / Migration / Re-engineering, Managed IT Solutions.
Technology Labs - Company created technology labs for the benefit of its own team. Technology Labs provide the company with the ability to learn and assimilate new technology, before deploying the technology in client projects. The three large technology labs are - BI Lab - For work in the Business Intelligence area (RDBMS, ETL tools, OLAP cube creators/ viewers etc). Testing Lab - Where new tools on automated testing are learnt & new testing methodologies are created.
Business Consulting – company’s Business Consulting Group (BCG) creates business value for customers using its industry domain knowledge and wide-ranging experience. The BCG forms a core group that leads and architects all Saksoft projects. Their roles include Business Process definition, Needs analysis, Requirement definition, Requirement analysis and solution design, Gap analysis for product implementations, Business Data Analytics, Test Strategy and Planning, Test Case Creation.
Company caters to many high profile banking and financial institutions across the globe. Some of them are Citibank, TransUnion, Morgan Stanley, CompuCredit, Deutsche Bank, Development Bank of Singapore (DBS), ABN Amro bank, Bank Mandiri, United Overseas Bank, Interactive Business Systems, HDFC bank, Standard Chartered Bank, GE Consumer Finance, Franklin Templeton, National City, Bottomline Technologies, Amber Credit, Scope International etc.
Valuation—
Company is expanding its fleet in all the areas of banking and financial sector. We expect the company’s revenue to grow at a CAGR of 20% for next 3 years. At CMP, stock is trading at 9.4 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy "Saksoft Limited" for medium to long-term investment horizon.
Source: Internet (Valuenotes by Abhishek Jain)
