Datamatics Global Services Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Datamatics Global Services Ltd lost 2.57% today to trade at Rs 686.6. The BSE Information Technology index is down 0.36% to quote at 43061.65. The index is up 3.25 % over last one month. Among the other constituents of the index, Accelya Solutions India Ltd decreased 1.35% and Tata Elxsi Ltd lost 1.27% on the day. The BSE Information Technology index went up 36.84 % over last one year compared to the 25.71% surge in benchmark SENSEX.

Datamatics Global Services Ltd has added 4.63% over last one month compared to 3.25% gain in BSE Information Technology index and 0.45% rise in the SENSEX. On the BSE, 4665 shares were traded in the counter so far compared with average daily volumes of 43899 shares in the past one month. The stock hit a record high of Rs 790.2 on 05 Dec 2023. The stock hit a 52-week low of Rs 455 on 04 Jun 2024.

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Datamatics announced that it has partnered with Microsoft to develop its own copilot solutions focusing on process automation to accelerate business transformation for organizations.

Datamatics has launched a Partner On-boarding Copilot available on the Microsoft Teams store which integrates Azure OpenAI with Datamatics Intelligent Automation Platform. With this new feather in the cap, Datamatics was recognized as one of the ISVs building an ISV custom copilot solution and they were featured in the Microsoft Build 2024 conference held in Seattle, USA, along with a prominent mention in the blog by Merav Davidson, Vice President, Industry AI from Microsoft.

Datamatics advances its copilot innovation by customizing solutions for each organization with support for Microsoft 365 or creating custom copilots for each unique client organization. This enables organizations to maximize the potential of copilots through a personalized, consultative approach rather than a one-size-fits-all method.

Datamatics, a recognized partner in the Copilot Partner Ecosystem, is advancing its technological collaboration with Microsoft by becoming a beta partner for Microsoft's private preview Copilot initiatives, specifically tailored for the developer community.

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The company has launched a partner on-boarding Copilot available on the Microsoft Teams store which integrates Azure OpenAI with Datamatics Intelligent Automation Platform.

Datamatics advances its copilot innovation by customizing solutions for each organization with support for Microsoft 365 or creating custom copilots for each unique client organization. This enables organizations to maximize the potential of copilots through a personalized, consultative approach rather than a one-size-fits-all method.

Datamatics, a recognized partner in the Copilot Partner Ecosystem, is advancing its technological collaboration with Microsoft by becoming a beta partner for Microsoft's private preview Copilot initiatives, specifically tailored for the developer community.

Rahul Kanodia, vice chairman and CEO of Datamatics said, “We are thrilled to be named one of Microsoft's top ISV partners globally and to be highlighted in the AI First Mover series. Microsoft Copilot and the Generative AI space offer significant opportunities for businesses to automate and unlock their untapped potential. Our collaboration with Microsoft is driven by a shared commitment to empower organizations worldwide. We will continue to introduce Copilot-based products and services to accelerate business transformation for our clients.

Shashi Bhargava, EVP and Head of Intelligent Automation, Datamatics,said, “Datamatics suite of Generative AI-powered Intelligent Automation products and solutions with Microsoft Copilot have created new avenues of automation and go-to-market precedents. The Partner On-boarding application is just one testament to its capability to fulfill business requirements and customizations to suit changing business scenarios.”

Further he added, “We take immense pride in being recognized by Microsoft as a global leader in Copilot adoption and are proud to lead the way in redefining organizational operations, and this is only the beginning of our journey!”

Datamatics Global Services provides solutions for data driven businesses to enhance their productivity and customer experience. The company's services can be bifurcated into three segments—digital operations, digital experience and digital technology. The company has also developed products in robotics process automation, advanced analytics, business intelligence, and automated fare collection.

The company's consolidated net profit fell 16.4% to Rs 46.07 crore in Q1 FY25 as against Rs 55.08 crore recorded in Q1 FY24. Revenue from operations increased marginally to Rs 393.99 crore in Q1 FY25 as comapared to Rs 391.09 crore recorded in corresponding quarter last year.

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Net profit of Datamatics Global Services declined 21.04% to Rs 43.49 crore in the quarter ended June 2024 as against Rs 55.08 crore during the previous quarter ended June 2023. Sales rose 0.74% to Rs 393.99 crore in the quarter ended June 2024 as against Rs 391.09 crore during the previous quarter ended June 2023.

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