Latest news with #DevInformationTechnology
Business Standard
a day ago
- Business
- Business Standard
Dev IT gains on securing Rs 4-cr orders from Alivus Lifesciences
Dev Information Technology (DEVIT) advanced 2.33% to Rs 122.85 after the company announced that it has secured significant orders worth approximately Rs 4.4 crore from Alivus Lifesciences. According to an exchange filing, the engagement includes a major order worth Rs 3.60 crore for Microsoft Select Plus perpetual licenses. While the licenses will be billed directly by the Licensing Solution Partner, DEVIT played a key advisory role in aligning Alivus Lifesciences IT infrastructure with the appropriate Microsoft licensing model. This highlights DEVITs capability in managing complex enterprise IT requirements and supporting clients in their digital transformation journeys. In addition, DEVIT secured a direct order worth Rs 80 lakh from Alivus Lifesciences for a suite of enterprise software solutions. This includes products from Microsoft, Zoho, Adobe, and TeamViewer, underscoring the companys ability to deliver integrated, multi-product IT solutions tailored to specific business needs. The company said these developments further enhance DEVITs positioning as a trusted technology partner, particularly in high-growth sectors such as pharmaceuticals. DEVIT continues to focus on enabling digital modernization through scalable solutions and a customer-centric approach. Pranav Pandya founder & chairman of Dev Information Technology said, This milestone reflects not just a business win, but the trust our clients place in our teams ability to solve real-world challenges with the right technology. Im proud of the effort and commitment shown by Yogesh, Julie, Sanjay, Himani, and Paritosh in driving this forward, and grateful for the steady support from Jaimin and Vishal behind the scenes. Were also seeing meaningful traction in the government sector, which adds further depth to our portfolio. Its encouraging to see how our work is creating impactwhether in boardrooms or for public service platforms. As we move ahead, we remain focused on building lasting relationships and delivering solutions that not only meet immediate needs but support long-term growth for our clients. Dev Information Technology (DEV IT) is a technology solution provider helping companies in their digital transformation from advisory to execution, backed by expert applications and infrastructure management. The company's consolidated net profit fell 70.5% to Rs 1.22 crore on a 18.7% rise in revenue from operations to Rs 51.55 crore in Q4 FY25 over Q4 FY24.
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Business Standard
a day ago
- Business
- Business Standard
Dev IT share price gains 5% on securing this deal; check key details here
Dev IT share price: Dev Information Technology (Dev IT) share price was buzzing in trade on Wednesday, July 2, 2025, with the stock rallying up to 4.87 per cent to hit an intraday high of ₹125.90 per share. At 1:15 PM, Dev IT share price continued to trade higher, up 2.54 per cent at ₹123.10. In comparison, BSE Sensex was trading 0.27 per cent lower at 83,471 levels. Why did Dev IT share price rally today? Dev IT shares surged after the company announced it had secured orders worth around ₹4.4 crore from Alivus Lifesciences Limited. The deal includes a ₹3.6 crore order for Microsoft Select Plus perpetual licences, where Dev IT served as a key advisor in aligning Alivus's IT infrastructure with the appropriate Microsoft licensing model. Although the billing will be handled by a Licencing Solution Partner, Dev IT's strategic role in the process underscores its expertise in enterprise IT solutions. Additionally, Dev IT received a direct order of ₹80 lakh for various enterprise software solutions, including offerings from Microsoft, Zoho, Adobe, and TeamViewer. The developments highlight Dev IT's growing presence in the enterprise tech space and its strength in delivering integrated, value-driven solutions, especially in high-growth sectors like pharmaceuticals. Pranav Pandya, founder and chairman of Dev IT, said, 'This milestone reflects not just a business win, but the trust our clients place in our team's ability to solve real-world challenges with the right technology. We're also seeing meaningful traction in the government sector, which adds further depth to our portfolio. As we move ahead, we remain focused on building lasting relationships and delivering solutions that not only meet immediate needs but support long-term growth for our clients.' About Dev IT Founded in 1997 and listed on both NSE and BSE, Dev IT has grown from a small business automation software provider into a global IT services company. Headquartered in Ahmedabad with offices across India and in Canada, the company focuses on delivering digital transformation through continuous innovation, technological expertise, and a client-centric approach. Dev IT collaborates closely with clients to understand their goals and deliver tailored IT solutions that drive business success. The company offers a wide range of services, including Cloud Services, Digital Transformation, Enterprise Applications, Managed IT Services, and Application Development. Its product portfolio includes Talligence, an analytics platform, and ByteSigner, a digital signing solution. Backed by a seasoned leadership team, Dev IT remains committed to quality and customer satisfaction. In FY25, the company reported consolidated revenue of ₹1,83.9 crore, Ebitda of ₹23.7 crore, and net profit of ₹14.7 crore.
Business Standard
30-05-2025
- Business
- Business Standard
Dev Information Technology consolidated net profit declines 70.53% in the March 2025 quarter
Sales rise 18.67% to Rs 51.55 crore Net profit of Dev Information Technology declined 70.53% to Rs 1.22 crore in the quarter ended March 2025 as against Rs 4.14 crore during the previous quarter ended March 2024. Sales rose 18.67% to Rs 51.55 crore in the quarter ended March 2025 as against Rs 43.44 crore during the previous quarter ended March 2024. For the full year,net profit rose 60.06% to Rs 14.87 crore in the year ended March 2025 as against Rs 9.29 crore during the previous year ended March 2024. Sales rose 4.33% to Rs 170.66 crore in the year ended March 2025 as against Rs 163.58 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 51.5543.44 19 170.66163.58 4 OPM % 5.3514.27 - 6.148.42 - PBDT 2.416.33 -62 21.1213.89 52 PBT 1.625.84 -72 18.0812.49 45 NP 1.224.14 -71 14.879.29 60
