ITC INFOTECH LIMITED
Strategic Report The Directors present their Strategic Report for the year ended 31st March 2017. Key Performance Indicators
GBP (million)
Year Ended March 31,
2017
2016
Total Income
36.99
31.19
Cost of Sales
29.78
25.31
*ross 3ro?t
7.22
5.88
3ro?t Eefore Ta[
1.13
0.65
3ro?t after Ta[
1.17
0.39
Total Income and 3ro?t Eefore Ta[ greZ at 18.62 and 72.68 oYer the preYioXs year.
Business review
In 201617 yoXr Company achieYed Total Income of *%3 37 million Zhile the 3ro?t after Ta[ Zas *%3 1.17 million. The Company?s groZth Zas impacted Ey 8.?s decision to e[it from the (Xropean 8nion %re[it . +oZeYer Zhile the macroeconomic Xncertainties post %re[it had an impact on the Company?s neZ EXsiness acTXisition strong groZth Zas seen in some of the e[isting accoXnts. The Company added 1 neZ clients in the (Xropean region dXring the year Zith good Zins seen in the %anNing ConsXmer *oods TraYel and +ospitality sectors.
The Company Zill continXe to focXs on taNing Zell de?ned set of solXtion offerings to targeted IndXstry Yerticals and sXEYerticals in identi?ed marNets in the (Xropean region to ramp Xp neZ EXsiness deYelopment. The Company Zill also focXs on fXrther scaling Xp some of the e[isting accoXnts throXgh focXsed accoXnt mining and cross selling. 2n the EacN of the traction seen in areas liNe Data the Company Zill also focXs on Zinning large digital transformation deals in Yerticals liNe %anNing C3* Retail and ManXfactXring. )ocXs Zill also Ee to driYe Moint *otomarNet pXrsXits in alliance Zith gloEal Independent SoftZare Yendors.
Principal Risks and Uncertainties
The *%3 and (Xro Yolatility and macroeconomic Xncertainty in the 8. post %re[it are the principal risNs for the Company. +oZeYer yoXr Company ZoXld continXe to folloZ the stated strategy Zhich has started driYing traction in the (Xropean marNets.
Approved by the Board on 5th May, 2017 and signed on behalf of the Board by
ITC Infotech Limited 1orfolN +oXse 118 Sa[on *ate :est Milton .eynes M.9 2D1
S. Rajagopalan Director
S. Sivakumar 9ice Chairman
Directors' Report
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