Netweb Technologies India Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Netweb Technologies India (Netweb) has become a manufacturing partner for the NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs, marking an important collaboration in high-end computing. Netweb will produce over ten server variations under its Tyrone range of AI systems, targeting a diverse set of AI and high-performance computing applications. The AI systems, based on the NVIDIA MGX modular reference design, will cater to complex workloads including HPC, data science, large language models, edge computing, enterprise AI, and design and simulation. Additionally, the product range will offer support for handling simultaneous workloads such as AI training, inference, and 5G on a single system, while ensuring seamless upgrades for future hardware generations.

Netweb is a high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. Its HCS offering comprises HPC, private cloud and (HCI), AI systems and enterprise workstations, high performance storage (HPS) and data centre servers.

Net profit of Netweb Technologies India rose 65.83% to Rs 15.14 crore on 96.69% rise in net sales to Rs 144.98 crore in Q2 September 2023 over Q2 September 2022.

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Netweb Technologies India announced that it is now a manufacturing partner for the NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs. Netweb will build and produce more than ten server variations under its Tyrone range of AI systems meant for a wide range of AI and high-performance computing/supercomputing applications.

With NVIDIA MGX, a modular reference design, Netweb's AI systems will target complex workloads of HPC, data science, large language models, edge computing, enterprise AI, and design and simulation. The product range will also support handling a wide range of simultaneous workloads such as AI training, inference, and 5G on a single system. At the same time, the designs ensure seamless upgrades for upcoming hardware generations.

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Net profit of Netweb Technologies India rose 65.83% to Rs 15.14 crore in the quarter ended September 2023 as against Rs 9.13 crore during the previous quarter ended September 2022. Sales rose 96.69% to Rs 144.98 crore in the quarter ended September 2023 as against Rs 73.71 crore during the previous quarter ended September 2022.

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Netweb Technologies India will hold a meeting of the Board of Directors of the Company on 1 November 2023.

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