IT company receives order worth Rs 4,40,00,000 from Alivus Lifesciences
The is up over 40 per cent from its 52-week low of Rs 88.15 per share and gave multibagger returns of 490 per cent in 5 years.
DEV Information Technology Ltd (DEVIT) has received significant orders valued at approximately Rs 4.4 crore from Alivus Lifesciences Limited, a domestic entity. This includes a major Rs 3.60 crore engagement for Microsoft Select Plus perpetual licenses, where DEVIT provided crucial advisory services to align Alivus Lifesciences' IT infrastructure with the optimal Microsoft licensing model. Additionally, DEVIT received a direct order worth Rs 80 lakh from Alivus Lifesciences for a suite of enterprise software solutions, encompassing products from Microsoft, Zoho, Adobe, and TeamViewer. These fixed-cost contracts, highlighting DEVIT's expertise in integrated IT solutions and digital transformation, are expected to be executed within approximately one to two years.
About the Company
Founded in 1997, Dev IT has grown from a small-scale software provider to a global IT powerhouse. With a strong foundation in India and offices worldwide, the company offers many services, including cloud solutions, digital transformation, and enterprise applications. Known for its commitment to innovation and quality, Dev IT empowers businesses with cutting-edge technology. Their products, such as Talligence and ByteSIGNER, provide valuable tools for data analysis and document management. By understanding their clients' unique needs, Dev IT delivers tailored solutions that drive business growth and success.
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According to the Quarterly Results, the revenue increased by 19 per cent to Rs 51.55 crore and net profit decreased by 74 per cent to Rs 1.13 crore in Q4FY25 compared to Q4FY24. In FY25, net sales increased by 4 per cent to Rs 171 crore and net profit increased by 67 per cent to Rs 15 crore compared to FY24.
The company has a market cap of over Rs 270 crore. The is up over 40 per cent from its 52-week low of Rs 88.15 per share and gave multibagger returns of 490 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.