Four Soft intends to become USD 100 mn co in 3 yrs time
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Q: What is your outlook for IT industry? A: The companies like financial services and banking are the ones who are most impacted. Postponing some activities can help them put things back on track, the impact can be addressed. Foursoft is mainly involved in transportation, as of now we are not effected by this impact, but if its impact continues to effect overall market, we might get effected as well. But still it is better than 2009 alarm.
Q: What is your own assessment of the operating environment? How are you reading the events unfolding in Europe? Do you think that will that have a significant impact on your business?
A: The companies like financial services and banking are the ones who are most impacted. Postponing some activities can help them put things back on track, the impact can be addressed. Foursoft is mainly involved in transportation, as of now we are not effected by this impact, but if its impact continues to effect overall market, we might get effected as well. But still it is better than 2009 alarm.
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Q: What is your own assessment of the operating environment? How are you reading the events unfolding in Europe? Do you think that will that have a significant impact on your business?
A: The information technology (IT) industry has become of the most robust industries in the world. IT, more than any other industry or economic facet, has an increased productivity, particularly in the developed world, and therefore is a key driver of global economic growth. Economies of scale and insatiable demand from both consumers and enterprises characterize this rapidly growing sector. The outlook for IT industry is really bright. From last year worldwide indications has improved. The EU problem has not impacted business; Asian part of business is in a good position.
Q: Could you spell out your new initiatives over next year?
A: We look at expanding ourselves aggressively, we are USD 30 million company, within 3 years of time we intend to become USD 100 million company. We have our goals set to reach our target we have multiple things planned in both organic and inorganic section.
Q: Organic section:
A: As we have experience in supply chain management, sales of good we will address a new market like China as it has good trade there.
We also look at enhancing our products supply chain seriously. Other industry like Pharma and Retail Auto is also something we plan to explore.
We also look at enhancing our products supply chain seriously. Other industry like Pharma and Retail Auto is also something we plan to explore.
Q: Inorganic section:
A: We look at acquisitions, for acquisition, we are looking at various geographies in the world. Four Soft has the presence of strong domain skill set in major regions of the world like North America, EU and Asia. Four Soft specializes in delivering world-class products and services for the supply chain industry, so focusing on supply chain industry is one of our initiative.
Also, we intend to explore supply side in BPOs. This financial year we will be identifying companies that we can acquire and by March 2011 acquisition can be expected.
Also, we intend to explore supply side in BPOs. This financial year we will be identifying companies that we can acquire and by March 2011 acquisition can be expected.
Q: Would you like to convey any message to the shareholders and investors of the company?
A: Foursoft has been a good story so far, with lot of value, and investing now will see its worth over period of time. We are very stringently working on our 3 years plans, so this is a good time for investors to invest and reap gains later.