Macro headwinds amid the looming fears of a global recession have weighed on discretionary technology demand in key verticals such as banking, financial services and insurance and high-tech, and important geographies of US and Europe.
2022 Transition Year post IPO -Starts 2023 with Groundbreaking MENA Smart City Cybersecurity Win - Clear Revenue Visibility for 2023 and 2024 Initiates 2023 Revenue Guidance of $65 to $75
Gorilla Technology Group Reports 2022 Financial Results GlobeNewswire April 04, 2023 2022 Transition Year post IPO Starts 2023 with Groundbreaking MENA Smart City Cybersecurity Win– Clear Revenue Visibility for 2023 and 2024 Initiates 2023 Revenue Guidance of $65 to $75 million For More Information: InvestorsGary DvorchakThe Blueshirt Groupgary@blueshirtgroup.com MediaJeff FoxThe Blueshirt Groupjeff@blueshirtgroup.com
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Mumbai (Maharashtra) [India], September 30 (ANI/PRNewswire): Capacit'e Infraprojects Limited (CIL), a fast-growing construction company providing end-to-end services for residential, commercial and institutional buildings with presence in Mumbai Metropolitan Region (MMR), Pune, Chennai, National Capital Region (NCR), Varanasi, Kochi, Hyderabad and Bengaluru, announced that India Ratings and Research (Ind-Ra) has upgraded their Long-Term Issuer Rating to 'IND BBB+' from 'IND BBB' and the outlook is Stable. As per the rating agency the key rating drivers were: Improved Operational Performance and Credit Metrics: CIL's order execution pace, which was impacted due to the COVID-19 outbreak in FY21, picked up in FY22, leading to a rise in the consolidated revenue to INR13.34 billion (FY21: INR8.8 billion). The consolidated EBITDA margin also increased to 16 per cent in FY22 from 15.5 per cent in FY21. The execution pace continued during 1QFY23, resulting in CIL clocki