Latest news with #Mastek
Business Standard
26-05-2025
- Business
- 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
- Business
- 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
20-05-2025
- Business
- 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.
&w=3840&q=100)
Business Standard
08-05-2025
- Business
- Business Standard
Mastek shares gain 6% on strategic deal with Zulekha Healthcare; details
Mastek share price today: Shares of digital engineering and cloud transformation services provider Mastek were buzzing in trade on Thursday, May 8, 2025. The company's share price soared 6.14 per cent to ₹2,223 during intra-day trade on Thursday. The upward movement in the company's share price came following its announcement of a strategic collaboration with Zulekha Healthcare Group, a UAE-based healthcare services provider. Mastek, in a release, said that it will deploy an extensive Oracle Fusion Cloud suite, which closely integrates with the Oracle Health (Cerner) system. "This transformation aligns with Zulekha's vision of delivering 'Patient First' healthcare while enhancing clinical workflows, operational efficiency, and fiscal agility," Mastek said in the release. "As a leading Oracle Cloud partner with 1,500+ implementations across 40+ countries, 100+ industry-specific solutions, and a talent pool of 2,000+ skilled consultants, Mastek will implement a unified Oracle Fusion Cloud solution fully integrated with Zulekha Healthcare Group's Hospital Information System (HIS) and Revenue Cycle Management (RCM)." 'Leveraging Mastek's close working relationship with Oracle and deep healthcare domain expertise, we empower organisations like Zulekha Healthcare Group to achieve smarter, faster, and more patient-centric operations. We are committed to supporting their transformation journey and are excited to drive innovation and deliver measurable outcomes together,' said Surya Nunna, Executive Vice President, AMEA, Mastek. About Mastek Mastek is a global provider of enterprise AI, digital, and cloud services, enabling its clients to achieve measurable and sustainable returns on their technology investments. The company partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services. Mastek is a solutions-focused and relationship-centric company that values both employees and clients. As of May 8, the company boasts a market capitalisation of ₹6,770.89 crore on the NSE. Mastek share price history The shares of the Computers - Software & Consulting company have exhibited a mixed performance over the past year. Mastek's share price has advanced nearly 11 per cent in the last month, while it has declined 25 per cent in the last six months and 13 per cent in the last year. For the year-to-date, Mastek's share price has posted a decline of nearly 27 percent. In contrast, the benchmark Nifty50 has advanced nearly 2.5 per cent this year. At around 1:50 PM on Thursday, Mastek's shares were quoted at approximately ₹2,171.90, up 3.70 per cent from its previous close of ₹2,094.40 on the NSE.
Business Upturn
08-05-2025
- Business
- Business Upturn
Mastek collaborates with Zulekha Healthcare Group to implement Oracle Fusion Cloud suite
By Aman Shukla Published on May 8, 2025, 12:57 IST Mastek, a provider of digital engineering and cloud transformation services, has announced a strategic collaboration with Zulekha Healthcare Group, a healthcare provider based in the United Arab Emirates. The partnership involves the implementation of the Oracle Fusion Cloud suite, integrated with the Oracle Health (Cerner) system. The objective of this collaboration is to support Zulekha Healthcare Group's operational goals, including improvements in clinical workflows, financial management, inventory control, and compliance. The digital transformation aims to reduce manual processes and enhance data-driven decision-making across the organization. Zulekha Healthcare Group operates a network of medical facilities in the UAE, including two hospitals with a combined capacity of 285 beds. The Group employs more than 2,500 staff, including over 300 physicians and 600+ nursing and paramedical personnel. It also operates a smart medical fitness center that offers services such as medical assessments for visas, vaccinations, occupational health certification, and embassy-related medical documentation. Mastek will deploy a unified Oracle Fusion Cloud solution that will integrate with Zulekha's existing Hospital Information System (HIS) and Revenue Cycle Management (RCM) infrastructure. The deployment is intended to improve interoperability and system efficiency while aligning with industry standards. Mastek has previously completed more than 1,500 Oracle Cloud implementations across 40+ countries and offers over 100 industry-specific solutions. The company's healthcare sector experience and Oracle Cloud expertise were cited as key reasons for its selection as a digital transformation partner for this project. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
