Latest news with #RSystemsInternational
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
R Systems shares rise 4% on partnership with AI cost firm Mavvrik
Shares of R Systems International rose over 4 per cent in Wednesday's intraday session after it announced a partnership with Mavvrik to help enterprises gain visibility and precise financial control. R Systems' stock rose as much as 4.01 per cent during the day to ₹383.5 per share, the biggest intraday gain since May 23 this year. The stock pared gains to trade 2.2 per cent higher at ₹377 apiece, compared to a 0.15 per cent advance in BSE Sensex as of 11:22 AM. The counter has risen over 23 per cent from its recent lows of ₹306, which it hit early last month. The stock has fallen 19 per cent this year, compared to a 3.4 per cent advance in the benchmark Sensex. The IT-enabled services company has a total market capitalisation of ₹4,482.47 crore, according to BSE data. R Systems' partnership with Mavvrik R Systems International announced a strategic partnership with Mavvrik to help enterprises gain financial control over escalating infrastructure expenses across AI, cloud, and hybrid environments. As businesses accelerate AI adoption, they are encountering rising infrastructure costs that are fragmented and difficult to manage, the company said in an exchange filing on Wednesday. Unmonitored usage, unclear cost attribution, shared services, and siloed billing data have made it challenging for enterprises to identify actual cost drivers or measure returns on investment, it said. "The R Systems-Mavvrik partnership helps organisations shift from reactive tracking to proactive financial governance for measuring accountability across AI, cloud, and hybrid environments," it said in the statement. 'As enterprises accelerate AI adoption, they're not just managing higher infrastructure costs but also navigating a new layer of financial and operational complexity,' said Srikara Rao, chief technology officer at R Systems. 'This partnership is about helping businesses move from reactive cost tracking to proactive financial governance, so they can scale responsibly, with clarity, control, and confidence." About R Systems The company is a leading digital product engineering company that designs and develops chip-to-cloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. The company's product mindset and engineering capabilities in Cloud, Data, AI, and CX enable it to serve key players in the high-tech industry, including ISVs, SaaS, and Internet companies, as well as product companies in telecom, media, finance, manufacturing, health and public services verticals. ALSO READ:
Business Standard
5 days ago
- Business
- Business Standard
R Systems International partners with Mavvrik
To help enterprises move towards proactive financial governance for measuring accountability across AI, cloud, and hybrid environments R Systems International and Mavvrik, a leader in AI cost governance, today announced a strategic partnership to help enterprises gain visibility and precise financial control over rapidly escalating AI, cloud, and hybrid infrastructure investments. As enterprises fast-track AI initiatives, infrastructure costs are becoming more fragmented, unpredictable, and difficult to track and manage. Untracked usage, cost attribution gaps, shared services, and siloed billing data make it difficult to understand true cost drivers or measure returns on investment. The R SystemsMavvrik partnership helps organizations shift from reactive tracking to proactive financial governance for measuring accountability across AI, cloud, and hybrid environments. The joint solution combines R Systems' Dexterity Assessment Framework with Mavvrik's real-time cost intelligence platform to deliver actionable insights and measurable control. Key Solution Benefits: Real-Time Financial Visibility: Unified dashboards that track and attribute AI, cloud, and hybrid infrastructure costs by product, service, or business unit. Proactive Cost Governance: Automated policy enforcement, GPU chargebacks, and budget controls to manage spend and prevent overruns. Faster, Informed Decisions: Actionable insights to support pricing, forecasting, and investment strategies across dynamic IT environments.
Business Standard
13-05-2025
- Business
- Business Standard
R Systems earns advanced specialization in Kubernetes on Azure
Also earns five Microsoft Solutions Partner Designations on Azure R Systems International (a Blackstone portfolio company) announced that it has earned the Advanced Specialization in Kubernetes on Azure, a prestigious recognition that highlights deep expertise in deploying, scaling, and managing containerized applications in production environments. This specialization is awarded to partners who meet rigorous standards for customer success and technical expertise, including a third-party audit that validates organization's proficiency in deploying and managing container-based workloads at scale. Achieving this milestone reinforces R Systems' leadership in cloud-native engineering and the ability to deliver secure, scalable, and resilient application infrastructures that power next-gen digital experiences for global enterprises. It also positions R Systems as a partner of choice for enterprises modernizing their application infrastructure on Azure. In addition to this specialization, R Systems also earned five Microsoft Solutions Partner Designations on Azure including: Solutions Partner for Infrastructure Solutions Partner for Data & AI Solutions Partner for Digital & App Innovation Solutions Partner for Business Applications Solutions Partner for Security As a Microsoft Solutions Partner with advanced capabilities, R Systems gains early access to Microsoft technologies and resources, enabling faster, more impactful innovation for its clients.
&w=3840&q=100)
Business Standard
13-05-2025
- Business
- Business Standard
Dividend, rights issue: Foseco India, 2 others to trade ex-date on May 14
Shares of Foseco India, Mahindra & Mahindra Financial Services, and R Systems International are expected to remain in the spotlight during today's trading session, as they will trade ex-date tomorrow, Wednesday, May 14, 2025, following their corporate announcements. Among them, Foseco India and R Systems International will trade ex-dividend, while shares of Mahindra & Mahindra Financial Services will turn ex-date following the announcement of a rights issue. According to the BSE data, chemical manufacturing company Foseco India has announced a final dividend of ₹25 per share for its shareholders. The company has set the record date for Wednesday, May 14, 2025, to determine shareholder eligibility for the dividend. IT service management company R Systems International, on the other hand, has announced an interim dividend of ₹6 per share for its shareholders, with the record date also set for Wednesday, May 14, 2025. Meanwhile, the Non-Banking Financial Company (NBFC) Mahindra & Mahindra Financial Services has announced the issuance of fully paid-up equity shares of the company, to the eligible shareholders, for an amount not exceeding ₹3,000 crore by way of Rights Issue. The Rights Entitlement ratio: 1 (one) rights equity share for every 8 fully paid-up equity shares held by the eligible equity shareholders of the company, as on the record date (eligible equity shareholders). Issue Price of ₹194 per fully paid-up equity share (including a premium of ₹192 per fully paid-up equity share). The entire issue price will be payable at the time of making the application in the issue. The NBFC has set Wednesday, May 14, 2025, as the record date to determine the shareholders who will be eligible to receive the Rights Entitlements under the Rights Issue. The ex-date refers to a trading date when a stock begins trading without the entitlement to dividends or rights issues. Thus, to qualify for these corporate actions, investors need to own the stock before the ex-date. Companies, however, declare the beneficiaries of dividends and rights issues based on the list of shareholders recorded by the end of the record date.
Business Standard
09-05-2025
- Business
- Business Standard
R Systems Intl gains after Q4 PAT rises 40% YoY to Rs 38 cr
R Systems International advanced 1.25% to Rs 333.05 after the company's consolidated net profit jumped 40.43% to Rs 38.59 crore on 6.2% increase in revenue from operations to Rs 442.46 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) climbed 55.91% YoY to Rs 56.72 crore during the quarter ended 31st March 2025. Adjusted EBITDA stood at Rs 76.8 crore in Q4 FY25 as compared with Rs 76.80 crore in Q4 FY24. During the quarter, North America accounted for 74.78% of total revenue, followed by Southeast Asia with 12.72%, and India with 2.43%. Cash and bank balances, net of short-term borrowing as of 31st March 2025, were Rs 243.4 crore compared to Rs 196.1 crore as of 31 December 2024. Nitesh Bansal, managing director, and CEO stated, We reported revenue of Rs. 442 cr. in Q1 2025 with a year-on-year growth of 6.2% along with robust EBITDA margins. Global economic uncertainties have caused delays in customer decision making towards discretionary spending, but we continue to see traction towards deals enabling clients to unlock value through scalable AI solutions, data insights and intelligent automation. We closed 6 key wins in the quarter with some large deals in the funnel. He added, We continue to invest in building future readiness, hiring the right talent, enhancing delivery excellence, and aligning our capabilities with evolving client needs. We are competing and winning larger deals as also reflected in the increased headcount during the quarter. We remain confident in our ability to grow profitably and create long-term stakeholder value. Nand Sardana, CFO said, While we delivered year-on-year revenue growth in Q1 2025, our quarterly performance was modest due to ongoing global headwinds. Despite the external challenges, we maintained EBITDA stability through prudent cost management and operational efficiencies. We have started witnessing the results from our investments in cloud, data, AI, and automation in terms of large deal conversion which will support to report sustainable revenue growth in this year. Meanwhile, the companys board declared a interim dividend of Rs 6 per share for the year 2025. The company has fixed the record date as Wednesday, 14 May 2025. The Interim Dividend for the year 2025 will be paid on or before Friday, June 06, 2025. R Systems International is a leading digital product engineering company that designs and builds next-gen products, platforms, and digital experiences, empowering clients across various industries to achieve revenue growth and operational efficiency.
