Mastek deploys full-scale Oracle Fusion Cloud suite for Air Niugini
Mastek announced the successful go-live of a full-scale Oracle Fusion Cloud suite implementation for Air Niugini, the national airline of Papua New Guinea (PNG). This milestone represents one of the most significant digital transformation initiatives within the PNG aviation sector, enabling a leap forward in operational efficiency, automation, and data-driven decision-making.
As a leading carrier offering both domestic and international services, Air Niugini recognised the need to modernise its ageing legacy infrastructure to meet evolving business and regulatory demands. With a fragmented system landscape and high dependency on manual processes, Air Niugini is now focused on transformation strategies to ensure agility, visibility, and scalability - critical factors for operational excellence in the modern aviation industry.
To address these challenges, Air Niugini partnered with Mastek as its strategic advisor and implementation partner to drive a comprehensive cloud-enabled transformation aligned with its long term vision of operational excellence, financial sustainability, and workforce empowerment.
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Business Standard
26-05-2025
- Business Standard
Mastek deploys full-scale Oracle Fusion Cloud suite for Air Niugini
Mastek announced the successful go-live of a full-scale Oracle Fusion Cloud suite implementation for Air Niugini, the national airline of Papua New Guinea (PNG). This milestone represents one of the most significant digital transformation initiatives within the PNG aviation sector, enabling a leap forward in operational efficiency, automation, and data-driven decision-making. As a leading carrier offering both domestic and international services, Air Niugini recognised the need to modernise its ageing legacy infrastructure to meet evolving business and regulatory demands. With a fragmented system landscape and high dependency on manual processes, Air Niugini is now focused on transformation strategies to ensure agility, visibility, and scalability - critical factors for operational excellence in the modern aviation industry. To address these challenges, Air Niugini partnered with Mastek as its strategic advisor and implementation partner to drive a comprehensive cloud-enabled transformation aligned with its long term vision of operational excellence, financial sustainability, and workforce empowerment.
Time of India
21-05-2025
- Time of India
Exploring the Growth Potential of the IT Sector Amidst Global Trade Agreements
The IT sector is poised for significant growth, driven by a landmark Free Trade Agreement between India and the UK. This article explores the sector's performance, outlook, and highlights key companies with promising upside potential. Sector Performance and Outlook Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Top Companies Analysts Recommend Based on Upside Potential Company Name Current Price Upside Potential Target Price Analyst Count Sonata Software Rs. 392.65 34% Rs. 524.00 7 Mastek Rs. 2344.2 25% Rs. 2900.00 5 Birlasoft Rs. 426.45 22% Rs. 515.00 14 Tata Consultancy Services Rs. 3532 10% Rs. 3860.00 41 Mphasis Rs. 2563.4 8% Rs. 2740.00 31 About Companies India's IT sector is currently experiencing a positive momentum, with a notable growth trajectory over the past year. The recent Free Trade Agreement between India and the United Kingdom, is expected to further enhance this growth by facilitating nearly tariff-free access to British markets for Indian businesses. This agreement aims to double bilateral trade from Rs. 60 billion to Rs. 120 billion by 2030, which is likely to significantly benefit the IT and IT-enabled services sector has shown resilience, with a year-on-year change of 9.57%, indicating a robust recovery and growth potential. The maximum potential upside for the sector is estimated at 34%, while the minimum stands at 8%. This positive outlook is bolstered by the increasing demand for digital transformation and modernization services, which are critical in today's technology-driven businesses globally continue to embrace digital solutions, the Indian IT sector is well-positioned to capitalize on these trends. The anticipated economic integration between India and the UK will not only enhance service exports but also foster deeper collaboration in technology and innovation, further driving growth in the the outlook for the IT sector remains optimistic, with significant opportunities for growth and expansion in the coming years, particularly in cloud services, artificial intelligence, and data Software is a modernization engineering company that provides Information Technology Services and Solutions across various regions including the USA, Europe, and Asia. The company specializes in cloud modernization services, enterprise data modernization, and offers solutions leveraging artificial intelligence and machine learning. Analysts recommend a 'Buy' rating for Sonata Software, with a target price of Rs. 524.00, indicating a potential upside of 34%. In the latest quarter, Sonata reported sales of Rs. 2628.41 Cr and a PAT of Rs. 107.53 Cr, with a year-on-year sales growth of 17.93%, showcasing its ability to adapt and grow despite market is an enterprise digital and cloud transformation specialist, providing vertically focused technology solutions. The company serves various sectors including healthcare, retail, and financial services. Analysts have given Mastek a 'Buy' recommendation with a target price of Rs. 2900.00, reflecting a 25% upside potential. In its latest financial report, Mastek recorded sales of Rs. 909 Cr and a PAT of Rs. 81.07 Cr, with a year-on-year sales growth of 13.11%, indicating steady performance amidst a competitive Consultancy Services ( TCS ) is a leading IT services, consulting, and business solutions provider, with a diverse portfolio across various industries. TCS has received a 'Buy' recommendation from analysts, with a target price of Rs. 3860.00, suggesting a 10% upside potential. The latest financial results show TCS achieving sales of Rs. 65507 Cr and a PAT of Rs. 12224 Cr, with a year-on-year sales growth of 5.99%, reflecting its strong market position and specializes in cloud, AI, and digital technologies, providing IT consulting and software development services primarily in banking and manufacturing sectors. Analysts recommend a 'Buy' rating for Birlasoft, with a target price of Rs. 515.00, indicating a 22% potential upside. The company reported sales of Rs. 1383.48 Cr and a PAT of Rs. 116.94 Cr in its latest quarter, with a year-on-year sales growth of 10.08%, demonstrating its growth capabilities in a challenging focuses on delivering scalable software and technology solutions, applying design and engineering services across various industries. The company has a 'Buy' recommendation from analysts, with a target price of Rs. 2740.00, reflecting an 8% upside potential. Mphasis reported sales of Rs. 3770 Cr and a PAT of Rs. 446.49 Cr, with a year-on-year PAT growth of 13.55%, indicating strong operational performance and growth prospects.
Business Standard
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- Business Standard
Mastek appoints Raghavendra Jha as CFO
Mastek said that its board has approved the appointment of Raghavendra Jha, as chief financial officer (CFO) with effect from 19 May 2025. Jha is a chartered accountant and a science graduate. He is passionate about coaching and motivating a team to engender winning professionals. Raghavendra Jha is a seasoned finance leader with experience spanning more than two decades in IT, manufacturing, metal and retail industries. Prior to Mastek, Jha has worked with Tessolve Semiconductors and Inspira Enterprise as CFO. He has worked with Wipro as a Global Head of Finance Shared Service, CFO for Wipro Middle East, CFO for Manufacturing, Pharma and Technologies business units, CFO for Wipro Business Application services and also with Wipro Corporate Internal Audit. Other than Wipro, Tessolve & Inspira, he has worked with Landmark Group and Tata Steel among others. Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. It partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as the public sector, healthcare, retail, manufacturing, higher education, and financial services. The companys consolidated net profit declined 11.94% to Rs 81.07 crore despite a 16.12% increase in revenue from operations to Rs 905.42 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.78% to end at Rs 2324.05 on Monday, 19 May 2025.
