Day: 8 May 2023

3i Infotech Global Reports Annual Revenue of Rs. 729.1 crore PBT up by 129%; India business grows 27.5% YoY to Rs. 267 crores

Vijay Raman

On generative AI, they will build tech that will complement or coexist with the existing tech 3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD), a leading digital transformation and technology solutions provider company, announced its consolidated financial results for the fourth quarter and the full year of FY23 ended March 31st, 2023. The company reported consolidated revenue of Rs 729.1 crore in FY23 with 7.7% YoY and 4.5% QoQ growth. Having onboarded 46 new logos in FY23, the company has good visibility for confirmed order books which will be supplemented with new wins as we go through the…

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HMS Industrial Networks AB, Continued growth for Industrial Ethernet and wireless networks – Industrial network market shares 2023 according to HMS Networks

Vijay Raman

 Every year, HMS Networks analyzes the industrial network market to estimate the distribution of new connected nodes in factory automation. This year’s study shows that the industrial network market is expected to grow by 7% in 2023. Industrial Ethernet still shows the highest growth and now accounts for 68% of all new installed nodes (66% last year). Fieldbuses decline to 24% (27) while wireless grows to 7% market share (8% last year). PROFINET and EtherNet/IP share first place in the network rankings with 18% market share followed by the strong…

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Over 87 land deals for 1862+ acres closed in FY-23 across India

Vijay Raman

  In contrast, FY-22 saw 44 land deals for approx.1,649 acres closed FY-23 saw over 76 land deals for approx. 1,059 acres closed in top 7 cities: the remaining 11 deals for approx. 803 acres were in Tier 2 & 3 cities including Ahmedabad, Kurukshetra, Lucknow, Nagpur, Panchkula, Panipat, Raigad & Surat MMR topped the list with 25 deals for 267 acres, followed by NCR with 23 deals for approx. 274 acres Of the total land deals in FY-23, approx. 57 separate transactions for approx. 951 acres are proposed for…

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