Abhishek Singh, CFO, Mastek, talks about the second wave of CORONA, Q4FY21 results, client additions, Order backlog, the contribution of healthcare and cloud migration verticals in the company’s revenue and acquisition among others during a candid chat with Swati Khandelwal, Zee Business.
Edited Excerpts:
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Q: How big a concern the second wave of CORONA is and what kind of impact it can have on your business?
A: The wave of Corona has created a worrisome situation. Our customers in India and abroad as well as our overseas employees have expressed their concerns. So, it is subject to worry. The good thing is that our employee base is most concentrated in Mumbai, then in Ahmedabad and Delhi and a little in Chennai. So, the situation in Mumbai seems to be improving now, however, we are much engaged with our employees to find ways to help them and how to facilitate the work from home, so that they can work in their safety and
Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited, talks about the deal with Canada-based Concentra bank, opportunities in the fintech market, operating margin outlook, flagship iGTB platform and Magic Aadhaar solution among others during a candid chat with Swati Khandelwal, Zee Business. Edited Excerpts:
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Q: The company has informed about winning a large deal from Canada-based Concentra Bank to power its new digital banking strategy. Can you help us understand the deal quantum and the kind of growth is expected from this deal? Also, how strong is the order book for FY22?