iValue InfoSolutions has welcomed the new fiscal with a momentous start by recording the best Q1 performance in the recent past. Post crossing USD 100 Million mark in previous fiscal, strong start to FY20 sets foundation for next milestone of INR 1000 crore revenue in FY20.
BFSI has clocked a 409% growth YoY and the newly introduced practice for Enterprise has reaped a 167% growth. iValue enjoys 75% repeat business from its partner base and 65% front its partners’ customer base thus helping its OEM and partner leverage in a focused way.
On the geography front, India region revenues have made multifold growth on revenues while 8 out of 10 locations have grown over 110%. South and West regions have contributed to the stellar growth lead by Enterprise and BFSI deals, respectively.
“To continue from where we left at FY19 has been satisfying. We continue to make significant investments on people, technology and infrastructure areas and we are excited to look at crossing 1000 Crore revenue in current fiscal with the strong Q1 start” said Krishna Raj Sharma, Director and CEO, iValue InfoSolutions. He added, “With Creador investment our capability on business has enhanced by 4X and we are excited for our OEM’s and Partners in driving profitable growth for each other.”
The regional system integrators have played a key role by contributing to 70% of the overall revenues in Q1 of FY20 with a growth of 54% on revenues. This is largely due to a vast Channel eco-system of iValue comprising of over 700 Partners. iValue has dedicated teams working closely with regional and local partners, this is apart from teams handling the large and global system integrators. iValue is also set to host these key Partners in an overseas location for their Channel Partner Conclave during the 2nd week of September 2019. The event would see 100+ CXOs from the Channel fraternity attend with an intent to identify new growth opportunities and arrive at collaborative go-to-market approach required for ensuring profitable growth together with iValue.