Saksoft Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Saksoft has executed a Share Purchase Agreement to acquire 100% equity interest in Zetechno Products and Services (Zetechno) subject to the terms and conditions set out in the Agreement. Zetechno will become a wholly owned subsidiary of the Company on closure of the transaction.

Zetechno Products and Services (Zetechno) is a niche ServiceNow Premier Consulting and Implementation Partner based in Hyderabad offering the entire gamut of Implementation, Support & Maintenance, Upgrades and Custom Applications.

This acquisition will help elevate and strengthen Saksoft's Capability on the ServiceNow platform related services and in the areas of IT Service Management.

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Zetechno Products and Services (Zetechno) is a niche ServiceNow premier consulting and implementation partner based in Hyderabad offering the entire gamut of implementation, support & maintenance, upgrades and custom applications. Its turnover was Rs 3.33 crore in FY24.

This acquisition will help elevate and strengthen Saksoft’s Capability on the ServiceNow platform related services and in the areas of IT Service Management.

The company will acquire Zetechno Products and Services for Rs 2.59 crore and the said acquisition will be completed within the next four weeks.

Aditya Krishna, chairman and managing director, Saksoft, said, “ZeTechno’s expertise in ServiceNow, combined with Saksoft’s deep industry knowledge, creates a powerful synergy that enables us to deliver end-to-end solutions for our clients. This collaboration allows us to drive innovation and measurable results, fostering stronger relationships with our customers.”

Vidyasagar Patro, founder and CEO of ZeTechno, shared his excitement about the acquisition: “Joining Saksoft marks an incredible milestone for ZeTechno. Together, we are well-positioned to provide comprehensive ServiceNow solutions that address the unique needs of clients across industries.”

Saksoft is leading digital transformation solution partner for fintech, transportation & logistics, telecom & utilities, retail e-commerce and healthcare customers worldwide.

The company’s consolidated net profit rose 3.5% to Rs 26.16 crore in Q2 FY25 as compared with Rs 25.28 crore in Q2 FY24. Revenue from operations jumped 13.1% YoY to Rs 215.29 crore in Q2 FY25.

The scrip declined 2.80% to end at Rs 217.05 on Friday, 20 December 2024.

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Saksoft announced that the Board of Directors of the Company at its meeting held on 11 November 2024, has recommended a Interim dividend of Rs.0.40 per share (i.e.40%), subject to the approval of the shareholders.

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Net profit of Saksoft rose 3.48% to Rs 26.16 crore in the quarter ended September 2024 as against Rs 25.28 crore during the previous quarter ended September 2023. Sales rose 13.07% to Rs 215.29 crore in the quarter ended September 2024 as against Rs 190.41 crore during the previous quarter ended September 2023.

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