Skip to main content

Galaxy's Revenue Soars, Records 92% Growth in FY 16-17

Galaxy Office Automation announced that the company has achieved a whopping 92 percent growth in revenue in FY 2016-17. Backed by some significant deals in the BFSI sector, Galaxy's impressive topline growth is a result of its strong focus on emerging digital technologies and solutions business. The company's revenue now stands at INR 2.5billion.

"Last fiscal was another impressive year for Galaxy. We witnessed an unprecedented growth in our customer base and topline, which is testimonial of our ability to adapt to this ever-evolving market," said Mr Anoop Pai Dhungat, CMD of Galaxy Office Automation. "We are hopeful of sustaining this momentum in the current fiscal as we invest in new technologies and markets."

While BFSI contributed around 40 percent of the company's total revenue, Manufacturing, Automobile, IT-ITES and Transportation sectors too were critical to Galaxy's growth. Galaxy's clientele includes country's top nationalized banks and financial services companies.

"The demonetization drive, along with the central government's initiatives to promote digitization, has transformed the BFSI sector in many ways. We see a huge market potential for our Digital offerings such as IoT, mobility, analytics and social. Going forward, we are planning to expand our foothold in this market." Mr. Dhungat added.

The company's focus and investments towards fast-growing segments such as hyper converged infrastructure and Internet of Things, resulted in extremely good results in the last fiscal. Galaxy is one of the few solutions providers in India to have developed unique capabilities to address these markets.

Galaxy has partnered with industry leaders to provide Cloud and Mobility solutions, software-defined data center solutions, BI, predictive analytics and cloud among other technologies.

The company aims to achieve 20 percent growth rate in addition to previous year in FY 2017-18, while strengthening its IoT portfolio and investing further on mobility, private and hybrid cloud. The company also plans geographical expansion in new locations within the country and enhancing its marketing operations.


Popular posts from this blog

Radisson Blu Hotel, Dubai Improves Guest Wi-Fi Coverage and Performance with Aruba Wireless Solutions

Radisson Blu Hotel, in Al Sufouh at Dubai Media City has recently deployed wireless infrastructure from Aruba, a Hewlett Packard Enterprise Company, to deliver secure, seamless, high-speed, wireless internet connectivity across its hotel rooms, suites and public areas. The implementation has resulted in improvement in rating of Wi-Fi services and drastic reduction in volume of IT help desk calls, besides the fact that the design of the Access Points (APs) blends seamlessly with the hotel aesthetics and AP management, monitoring and troubleshooting has become centralized and simplified.

Amazon.in launches “Smart Living Store”

How would it be if you could stream online videos or browse websites on your TV? How about a device that could measure your level of activity throughout the day? How would it be if a device helps keep your home secure? With the Smart Living Store you can find out! Amazon.in announces the launch of “Smart Living Store” - a dedicated store aimed at providing customers the one stop shop for all smart devices across various product categories.

Pi DATACENTERS Achieves Uptime Institute Tier IV Design Certification

Pi DATACENTERS, India, an enterprise class datacenter and Cloud service provider based at Amaravati, the new capital region of Andhra Pradesh, today announced that the company has been awarded Uptime Institute Tier IV Design Certification, achieving the highest standards for infrastructure, functionality and capacity as demonstrated on the design documents. To earn a Tier Certification of Design Documents, a facility is evaluated on mechanical, electrical, structural and site elements, and certified facilities also receive expert recommendations to enhance Operational Stability over the long-term.
“We are pleased to award Pi DATACENTERS with the Uptime Institute Tier IV Design Certification,” said John Duffin, Managing Director, South Asia, Uptime Institute. “Achieving a Tier IV Fault Tolerant Design Certification illustrates that the facility meets the highest standards for infrastructure functionality and capacity as demonstrated on the design documents. This ensures that plans are…