Yearly Archives: 2020

PR Newswire

Insider Enters the USA to Cement Its Global Presence and Assigns Jim Koepke as Managing Director

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Insider helps 800+ leading brands like Virgin, Samsung, GAP, and Pizza Hut accelerate digital growth through best-in-class customer engagement.

INDIANAPOLIS, Nov. 2, 2020 — Singapore-based Insider, a profitable SaaS company that takes a unique approach to omnichannel experience orchestration, announced its entry to the USA as a next step to reach aggressive growth targets. Leading the growth in the region will be Jim Koepke, now joining the Insider team as the Managing Director, USA.

Insider currently operates in 25 countries, bringing omnichannel experience orchestration from Korea to Indonesia, UK to Brazil for 800+ brands including industry powerhouses like Estée Lauder, Lenovo, New Balance, Puma, CNN, and GNC. After penetrating some of the vastest and mobile-only markets in Asia, establishing itself as a leader in the EU and expanding into markets like LatAm, Insider is set to bring its experience and knowledge to the US market. With teams on the ground in each country that they are present in, Insider ensures deep localization and unparalleled support for their clients. 

"Over the past 8 years, we’ve come to embrace the struggles and failures of democratizing AI and marketing technologies in mobile-only and some of the toughest markets in the world. Providing our technology at this scale and expanding our business to 25 countries came with complex challenges that helped us build our muscles in many areas. Now, with a team of 600+ people, we are ready to cement our global presence with our entry into the US market. We have set bold plans into motion and have full confidence in our platform that will deliver a unique approach in omnichannel experience orchestration. This is a milestone we’ve been planning carefully, and finally, USA, we’re home," said Hande Cilingir, Co-founder and CEO of Insider.

Most digital marketers face the same problem: there are too many tools that claim to be "omnichannel" and provide a "hub." Meanwhile, customer data still sits in silos, sales channels remain under-developed or even unavailable and the end product is more point-solutions rather than a true hub. The result exacerbates the disjointed experiences for consumers and hinders marketing ROI. 

Insider‘s AI-powered platform enables enterprise marketers to connect customer data across channels and systems, predict their future behavior with an AI-powered intent engine and orchestrate and deliver individualized experiences to customers. The platform is unique in how it offers the widest set of product features in the market while coordinating all offline and online data across the unified platform and its various engagement channels. The powerful AI intent engine consists of 15+ algorithms that enable marketers to make precise predictions such as which customer segments are likely to convert, buy, and churn, then design the most optimized experiences accordingly. 

"We’re very excited to welcome Jim Koepke as our Managing Director in the US. Jim will be leading our aggressive growth in the region and will enable us to tackle the unique challenges of marketers driving the growth of top enterprise brands in the USA," added Cilingir.

Jim Koepke joins Insider as the Managing Director for the US and brings with him two decades of experience in sales, eCommerce, and a deep understanding of the North American market. Jim previously led the GTM teams for Emarsys as VP of Sales for the Americas. Prior to leading the scale efforts for Emarsys in North America, Jim held numerous leadership roles for ExactTarget and Salesforce.

"Since I joined the Insider family, each day has reaffirmed my decision to do so. Great onboarding. Great people. Great technology leading to phenomenal results for our customers. I have done my homework, seen the platform, read the case studies, tested the ROI models, and reviewed their write-up in the Gartner MQ for Multichannel Marketing Hubs. I have spoken to customers, competitors, founders, and board members. This company is already great and destined for so much more. Insider’s presence in the US is now beginning and I can’t wait to share the power of Insider with the US market," said Jim Koepke, Managing Director for the US at Insider.

About Insider

Insider is a B2B SaaS company with a unique approach to multichannel experience orchestration that recently announced its Series C funding round which is led by Riverwood Capital and joined by Sequoia, Wamda, and Endeavor Catalyst. Insider has been recently featured in the Gartner Magic Quadrant for Multichannel Marketing Hubs 2020 and became the leader on G2Crowd’s Mobile Marketing Software and Personalization Grids with a 4.7/5 rating based on 100% user reviews for 15 quarters in a row.

Insider has 27 offices in London, Paris, Singapore, Indianapolis, Tokyo, Hong Kong, Seoul, Sydney, Brasília‎, Helsinki, Barcelona, Dubai, Moscow, Warsaw, Taipei, Jakarta, Manila, Wellington, Istanbul, Kiev, Ho Chi Minh City, Bangkok, Brussels, Amsterdam, Luxemburg, Ankara and Kuala Lumpur.

CrunchBase ranked Insider’s Co-founder and CEO Hande Cilingir as one of the top women CEOs outside of the US. Cilingir was also granted two highly prestigious awards in 2020: Top 25 CEOs for Europe by TSR and The Lindas by Endeavor.

PR Newswire

Clarivate Expands International Real-World Data Offering with Addition of Techtrials Brazilian Dataset

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Partnership to provide life science, healthcare and research professionals with comprehensive RWD capturing approximately 80% of the Brazilian population

LONDON, Nov. 2, 2020 — Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced the expansion of international real-world data offerings through its partnership with Techtrials Pesquisa e Tecnologia Ltda (Techtrials), the leading healthcare real-world data (RWD) provider in Brazil. The new partnership will provide customers with comprehensive RWD capturing approximately 80% of the Brazilian population.

As part of the three-year partnership, Clarivate customers can access the largest integrated real-world database in Brazil to address the most pressing questions related to epidemiological, clinical and pharmacoeconomic outcomes. The dataset features in-depth, clinically structured, anonymized data of billions of records with more than 195 million patients in the public and private market as well as claims, electronic medical records, registry and lab data. The comprehensive Techtrials real-world data paired with the expertise, information and insights that power DRG healthcare products and services, will allow global researchers to access, synthesize and analyze critical data.

The Techtrials dataset will be available to life sciences companies internationally, supporting a multitude of end users, to enable deeper insights and delivery of complex and high value use cases.  Clients can choose from an array of delivery options depending on their resource needs and expertise, including: commercial targeting; patient population & market sizing; patient journey; therapeutic area assessments; disease burden analysis; health economics and outcomes research and more.

As the world’s 11th largest pharmaceutical market, Brazil spends 9.5 percent of GDP on healthcare – providing universal healthcare to its population.1 Multinational pharmaceutical companies continue to invest and expand operations in Brazil, with market researchers anticipating spending to increase at a compound annual growth rate of 7% to 10% from 2018–2022.2 Clarivate recognizes the ever-increasing need for customers within the Latin American market to have insights-ready RWD on a real-time basis to help drive and inform decision-making.

Ken McLaren, SVP & GM of Data, Analytics and Insights for Clarivate, said: "We appreciate the complexity of healthcare and the diversity of decisions its leaders must make, especially in an international context. We look forward to partnering with an organization like Techtrials to help our customers understand and drive decision-making with confidence in the high growth, high interest Brazilian market."

Douglas Andreas Valverde, CEO, Techtrials, said: "As a regional innovation leader for data solutions and real-world evidence, we offer a unique mix of capabilities and proprietary technology, providing valuable clinical and real-world evidence insights to support the efforts of pharmaceutical, healthcare and government agencies. We are proud to partner with Clarivate to reach international industry stakeholders who need to act and make critical decisions in their daily operations."

The Brazilian RWD offering features insights, including: new professionals per institution; variation of patients per period; procedures; workload by institution; comprehensive disease, epidemiology and market knowledge; drug use by specialty; outcomes, hospitalizations, surgeries and sub-procedures; hospital and comorbidities and more. The incorporation of Techtrials data further reinforces the expertise provided by Clarivate to support customers across the entire drug, device and medical technology lifecycles.

To learn more, visit https://clarivate.com/drg/real-world-data.

About Clarivate
Clarivate™ is a global leader in providing solutions to accelerate the lifecycle of innovation. Our bold mission is to help customers solve some of the world’s most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. We help customers discover, protect and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. For more information, please visit clarivate.com.

Media Contact
Catherine Daniel
media.enquiries@clarivate.com

1National Health Account (NHA) Indicators 2020. Source: Global Health Expenditure Database (GHED) of the World Health Organization.
2"Brazil: Commercialization Outlook, Global Market Access Solutions" 2020. Source: DRG, part of Clarivate

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5 Shows to Binge During the Lockdown/CMCO on Netflix

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With Malaysia and other countries going into another lockdown or, as Malaysia’s government puts it CMCO, we have a feeling a lot of us are going to need some suggestions to keep us busy and entertained. Of course, the one thing that most countries have is Netflix – so here’s our list of 5 series you can binge during the lock down. It goes without saying that the availability of the shows are based on Netflix’s Malaysian library as we are based here. However, you should be able to get these shows on one or more streaming services in your respective countries.

1. Breaking Bad

Source: mypostercollection

Named the “highest-rated TV series” by the Guinness Book of World Records in 2013, it is an American neo-Western crime drama produced by Vince Giligan. The drama consists of five seasons with a total of 62 episodes. This is a story about an underpaid and dispirited high school chemistry teacher (Walter White) who is struggling with stage-three lung cancer. Walter White turns to a life of crime, where he partners with his former student, Jesse Pinkman, by producing and distributing crystallized methamphetamine in order to secure his family’s finances before he dies, while navigating the dangers of the criminal underworld.

BREAKING BAD - Seasons 1-5 Trailer

2. Black Mirror

Charlie Brooker and Annabel Jones seen at the ‘Black Mirror’ panel Q&A at the FYSee exhibit space on Friday, May 19, 2017, in Los Angeles. (Photo by Blair Raughley/Invision for Netflix/AP Images)

A British dystopian science anthology television series with five seasons created by Charlie Brooker. This show focuses on modern society, particularly with regard to the unanticipated consequences of new technologies on how it may affect our future. This show can be interesting as it might inspire you to take a break from using your phone all day long. The episodes are standalone, and are usually set in an alternative present or the near future, often with a dark and satirical tone.

Black Mirror | Welcome to the Darkness | Netflix

3. Shameless

A story that might make you appreciate your family more. Shameless is
a story of a family of six kids with their drunk and selfish father. Fiona, being the
eldest sister, has to raise the rest of the family on her own. Staying with a father
that takes everything and offers nothing, they had no choice but to steal food and
money for a living.

Shameless: Season 1

4. Grey’s Anatomy

An American medical drama television series that premiered on March 27 2005. 15 seasons are available online on Netflix while the 16th season is currently airing on ABC. This is a fictional series that focuses on the lives of surgical interns, residents and attendings as they develop into seasoned doctors while balancing their personal and professional relationships.

The series recently became the longest running medical drama beating previous title holder, ER. Produced by Shonda Rhimes, it is bound to give you hours of emotional ups and downs and keep you on the edge of your seats.

Grey's Anatomy Season 15 Trailer (HD)

5. Parks and Recreation.

A TV show with 7 seasons. This is a story of protagonist, Leslie Knope, a mid-level bureaucrat in an Indiana Parks and Recreation Department. The protagonist was hoping to beautify the town and at the same time boost her own career by helping the local nurse, Ann Perkins, to turn an abandoned construction site into a community park. Nevertheless, it seems to be a simple project but the protagonist has been facing ups and downs where she was being interfered by oafish bureaucrats, selfish neighbors, governmental red tape and a myriad of other challenges.

https://youtu.be/9djCOPHOvOw
PR Newswire

Vipshop Appoints Co-Chief Technology Officer

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GUANGZHOU, China, Nov. 2, 2020 — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced the appointment of Mr. Pengjun Lu as the Co-Chief Technology Officer of Vipshop, effective immediately.

"We are delighted to have Pengjun join us as the Co-Chief Technology Officer of the Company," said Mr. Eric Shen, Chairman and Chief Executive Officer of Vipshop. "Pengjun brings with him extensive experience in big data and personalization in China’s internet industry. We believe his expertise and leadership will enable us to enhance our technological capabilities, further improving the customer experience on our platform."

Prior to joining Vipshop, Mr. Pengjun Lu served as the Chief Technology Officer of JOYY Inc. (formerly known as YY Inc.) (NASDAQ: YY) from March 2018 to September 2020, where he led the technology department and certain business units. From September 2014 to March 2018, Mr. Lu served as the general manager in charge of search advertising and the chief architect of the infrastructure team at Baidu Inc. (NASDAQ: BIDU). From July 2006 to September 2014, Mr. Lu worked at Google, most recently as a staff engineer in charge of the Shanghai advertising back-end team, and received the Google Founders Award for the QueST project. Mr. Lu received a master’s degree in computer science and technology from Fudan University, and a bachelor’s degree in computer science and technology from Wuhan University.

About Vipshop Holdings Limited

Vipshop Holdings Limited is China’s leading online discount retailer for brands. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit http://www.vip.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Vipshop’s strategic and operational plans, contain forward-looking statements. Vipshop may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Vipshop’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Vipshop’s goals and strategies; Vipshop’s future business development, results of operations and financial condition; the expected growth of the online discount retail market in China; Vipshop’s ability to attract customers and brand partners and further enhance its brand recognition; Vipshop’s expectations regarding demand for and market acceptance of flash sales products and services; competition in the discount retail industry; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Vipshop’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Vipshop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

Related Links :

http://www.vip.com

PR Newswire

National Business Daily: SW China’s Chengdu to unveil new products in intelligent manufacturing

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CHENGDU, China, Nov. 2, 2020 — Southwest China’s Chengdu is to hold a special event for intelligent manufacturing on November 2, as the city hastens digital transformation of the manufacturing industry.

The event, as a part of the 2020 Chengdu New Economy Double Thousand Project, will focus on how advanced technologies, like AI, 5G, big data and internet of things (IoT) can play a role in the upgrading of manufacturing.

100 new products and 100 new scenes centering on these fields will be unveiled, demonstrating the opportunities in Chengdu as well as offering a stage for local new economy companies.

IoT and intelligent sensing are set to change the ways of our production and life. At the event, Chengdu Hikvision Digital Technology will showcase how IoT and big data, powered by its video technology, can be applied in various scenes including autonomous driving, facial recognition, drone cruising, and automatic drip irrigation. Chengdu Ada Space Cloud is to demonstrate its comprehensive management platform for satellite data applications.

Technologies like 5G and IoT are essential for the digital transformation of manufacturing. At the event, Siemens will show how it builds digitalized factories, and local conglomerate Tongwei will unveil its intelligent connected factory for solar batteries.

Tongwei intelligent factory, File photo/Xie Zhenyu (NBD)
Tongwei intelligent factory, File photo/Xie Zhenyu (NBD)

Keynote speaker Li Yizhong, former minister of the Ministry of Industry and Information Technology and chairman of China Federation of Industrial Economics, will share his expertise on the strategies of promoting digital and intelligent manufacturing.

On that issue Chengdu has an innovative approach, which is to build an ecosystem for innovation in industrial internet. The Chengdu Public Service Platform for Industrial Internet, which brings together the premium industrial internet resources from government, enterprises and research institutes, is the most recent fruit of that approach and will be officially launched at the event.

Moreover, to bridge the information gap among enterprises along the industry chain, Sichuan Industrial Design Cloud Platform will launch a service platform for identification and resolution in industry internet at the event, in order to promote coordinated development.

The event is organized by Chengdu Municipal Bureau of Economic and Information Technology and Chengdu New Economic Development Commission, hosted by Chengdu Hi-tech Industrial Development Zone, and carried out by National Business Daily.

PR Newswire

Nike And Lazada Partner To Serve More Consumers In Southeast Asia

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Lazada and Nike will help drive digital expansion and widen accessibility of Nike product innovation and design in the region

SINGAPORE, Nov. 2, 2020 — Nike and Lazada, Southeast Asia’s leading eCommerce platform, are teaming up to serve more consumers across the region with direct access of Nike innovation and design assortment through Lazada’s online commerce platform.

Nike will directly retail to consumers across five countries in Indonesia, Malaysia, the Philippines, Singapore and Thailand through the Nike LazMall Flagship Store. Nike will also leverage Lazada’s fulfillment and logistics capabilities, ensuring consumers will benefit from the reliability and speed of the platform’s advanced delivery network. 

"This venture enables us to consistently offer product accessibility, enjoyable shopping experiences and a wide variety of innovation and design to our regional consumers in line with our digital growth," says Ken Yamada, GM, Nike Direct Digital Commerce, Southeast Asia and India.  "At the same time, this marketplace experience will be complementary to Nike.com and our existing strategic partnerships to enrich our offerings and choices for consumers within the Nike digital ecosystem."

The initial phase will give consumers access to a wide variety of Nike products online – from footwear to apparel and equipment for men, women and kids. In addition, consumers will enjoy great deals, free shipping and returns within 15 days. The assortment will continue to evolve to cater to the unique tastes and needs of consumer in each market.

"Lazada is proud to serve as Nike’s online retail partner for Southeast Asia, where LazMall is the region’s leading premium brand shopping destination trusted by consumers," said Jessica Liu, Co-President and Regional Head of Commercial, Lazada Group. "We look forward to working closely with the Nike team to expand their presence in the region by directly connecting them with more consumers and elevating the customer experience through our data-driven technology and advanced logistics capabilities. Lazada consumers across Southeast Asia will be delighted to have first-hand access to a wide assortment of Nike’s world-renowned designs, especially in the upcoming 11.11 shopping festival."

The new collaboration between Nike and Lazada has kicked off in the Philippines, Indonesia, Malaysia and Singapore, and will be made available in Thailand soon.

Follow Nike’s LazMall Flagship Store for the latest news and updates: https://www.lazada.sg/shop/nike/.

About Lazada Group 

Founded in 2012, Lazada Group is the leading eCommerce platform in Southeast Asia. We are accelerating progress in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam through commerce and technology. With the largest logistics and payments networks in the region, Lazada is a part of our consumers’ daily lives in the region and we aim to serve 300 million shoppers by 2030. Since 2016, Lazada has been the Southeast Asia flagship platform of Alibaba Group, powered by its world-class technology infrastructure.

Media Contacts

Natasha Chang

Tiffany Low

WE Communications on behalf of Lazada Group

AKA Asia on behalf of Nike

+65 8511 9196

+65 9118 1074

WE-Lazada@we-worldwide.com

tiffany@aka-asia.com

 

PR Newswire

Tanla records best ever Quarter fuelled by CPaaS and Digital revenues

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HYDERABAD, India, Nov. 2, 2020 — Tanla Platforms Limited (NSE: TANLA) (BSE: 532790), largest CPaaS provider, today announced the results for the quarter ended on September 30th, 2020 as compared to the corresponding quarter of previous financial year

  • Revenue was ₹583.2 Cr and increased 20%
  • EBITDA was ₹97.5 Cr and increased 210%
  • PAT was ₹81.5 Cr and increased 273%
  • EPS was ₹5.85 and increased 279%
  • ROCE at 47.5% and increased 177%
  • EBIDTA to Cash Conversion remained robust at 82%

"I’m delighted to report highest ever Revenue, EBITDA & EPS in Q2FY21. Our pioneering and dominant market position in CPaaS, in this cathartic phase in Digital, powered the surge in Revenue", commented Uday Reddy, Chairman & CEO of Tanla.

Commenting further Uday Reddy said, "Going forward our unwavering focus and investments on platforms & products, brand, customer success and talent, will drive future growth."

Business Highlights

  • 89,203 enterprises 6,339 telemarketers are registered on DLT platform.
  • In the first commercial go-live month of Sept 2020, Tanla’s Trubloq handled 70% of the total DLT traffic which is 35Bn.
  • 83 New Customer opportunities from major verticals (Banking, Financial services, e-commerce, Gaming, OTT etc.) Including established brands to high potential startups were signed up during Q2FY21, with an annual potential revenue of ~ 76 Cr

Tanla’s paid up share capital was 13,60,36,450 equity shares of ₹1/ each on Sept 30, 2020 after a share buyback of 1,66,92,752 equity shares of Re.1 each and allotment of 4,71,645 equity shares of Re.1 each under the Employee Stock Purchase Plan, 2016.

The Company has paid an interim dividend of Re.1 per share to the Shareholders as on the Record date on September 18, 2020 aggregating ₹13,57,87,600/-.

Support during COVID-19

During these trying periods, we focused on ensuring the safety of our employees encouraged them to work from home and minimize interaction at public places by providing them with the required infrastructure and a Covid Fund to help them meet medical needs for self and immediate family. We have also succeeded in providing the required support to our customers and partners and ensured they succeeded in providing their best work while they operated remotely.

About Tanla

Tanla is a Hyderabad, India, based company, established in 1999. It is a largest CPaaS provider, handling over 250 billion business communications annually with a market share of ~70%. Tanla is innovating the way the world communicates, continuously raising the bar through enhanced speed, ease, and simplicity of Cloud Communication solutions, adopting cutting-edge technologies like blockchain, Artificial Intelligence, Machine Learning to meet the discerning needs of a diverse clientele, from enterprises to carriers across geographies. Tanla is working with all leading Telcos in India creating India’s first Telecom Blockchain Network. Tanla is a public limited company listed on leading Indian stock exchanges (NSE: TANLA) (BSE: 532790)

Disclaimer

This release might contain ‘forward-looking statements’ that are based on our current expectations, assumptions, estimates and projections about Tanla Platforms Limited (the "Company"), our industry, economic conditions in the markets in which we operate, and certain other matters. Those statements include, among other things, the discussions of our business strategy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources. These statements are subject to known and unknown risks, uncertainties and other factors and they depend on future events and circumstances. Such statements do not guarantee future results or development and the actual results or outcomes may differ materially from those implied by the forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in the services provided by the Company, including those factors which may affect our cost advantage, wage increases, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which the Company has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, regulatory changes, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. All forward-looking statements are based on information available to us on the date hereof, and we do not undertake to update these forward-looking statements to reflect future events or circumstances unless required to do so by law.

For further information, you may write to: investorhelp@tanla.com

 


 

CONSOLIDATED P&L (UN-AUDITED)

          Rs in Lakhs

Particulars

Q2FY21

Q1FY21

Q2FY20

I. Revenue from operations

58,324.7

45,554.8

48,716.4

II. Other income

474.5

1,322.8

171.8

III. Total Income (I+II)

58,799.1

46,877.5

48,888.3

IV. Expenses

      Cost of services

44,891.7

35,024.6

38,857.9

      Employee benefits expense

2,283.3

1,990.2

4,597.8

      Depreciation expense

992.3

1,148.8

6,923.8

      Connectivity expenses

280.8

197.0

206.8

      Finance cost

8.9

70.0

118.0

      Other expenses

1,115.7

843.0

1,907.2

Total expenses (IV)

49,572.6

39,273.5

52,611.5

V. Profit before non-controlling interest/share in net profit/(loss) of associate (IV- V)

9,226.5

7,604.0

(3,723.3)

VI. Share in net profit/(loss) of associate

–

–

(149.8)

VII. Profit before tax (V – VI)

9,226.5

7,604.0

(3,873.1)

 

VIII. Tax expense:

      Current tax

1,053.2

553.8

266.8

      Prior period taxes/MAT credit

–

(1,074.8)

0.5

      Deferred tax

26.0

264.5

561.0

IX. Profit for the year (VII -VIII)

8,147.3

7,860.6

(4,701.4)

X. Other comprehensive income

(330.5)

(1.7)

338.6

 

XI. Total Comprehensive income for the period (X + XI)

7,816.8

7,858.8

(4,362.8)

 

XII. Earnings per equity share

Basic & Diluted (not annualised)

5.85

5.17

(3.27)

          

                                                                                                                                               

  BALANCE SHEET:

Rs in Lakhs

 

Particulars

 

Consolidated

As at Sept 30, 2020

(Un-audited)

As at Mar 31, 2020

(Audited)

 I. ASSETS

 (1) Non-current assets 

 (a) Property, Plant and Equipment

3,098.80

3,591.39

 (b) Intangible assets

7,011.63

8,183.05

 (c) Intangible assets under development

2,427.52

1,330.75

 (d) Goodwill on Consolidation

13,455.69

13,455.69

 (e) Right-of-use assets

425.15

504.35

 (f) Financial assets

           (i) Investments 

–

–

          (ii) Loans and advances

618.26

388.56

          (iii) Other financial assets

82.17

56.86

 (g) Deferred tax assets (net)

5,275.25

5,674.24

 (h) Other non-current assets

5,684.45

7,967.47

 Total non-current assets

38,078.92

41,152.36

 (2) Current Assets 

 (a) Financial Assets

           (i) Trade receivables 

37,293.14

32,576.94

           (ii) Cash and cash equivalents

19,740.66

17,078.98

           (iii) Bank balances other than cash

                 and cash equivalents

3,650.15

2,978.49

           (iv) Loans and advances

374.89

294.57

           (v) Other financial assets

17,073.22

20,472.22

 (b) Other current assets

2,213.44

4,340.91

 Total current assets

80,345.50

77,742.11

 TOTAL ASSETS

118,424.42

118,894.47

 II. EQUITY AND LIABILITIES 

 (1) Equity 

 (a) Equity share capital

1,360.36

1,459.72

 (b) Other equity

68,538.35

68,713.73

 Total equity

69,898.71

70,173.45

 (2) Non current liabilities 

 (a) Financial liabilities

           (i) Lease liabilities

327.23

434.91

           (ii) other financial liabilities

147.49

22.95

 (b) Provisions

501.93

644.80

 (c) Other non-current liabilities

389.00

428.70

 Total Non Current Liabilities

1,365.65

1,531.36

 (4) Current liabilities

 (a) Financial liabilities

          (i) Trade payables

27,155.25

28,060.26

          (ii) Lease liabilities

81.27

103.80

          (iii) other financial liabilities

19,306.71

16,865.63

 (b) Other current liabilities

494.18

2,014.98

 (c) Provisions

122.64

144.99

 (d) Liabilities for current tax (net)

–

–

 Total Current liabilities

47,160.03

47,189.65

 TOTAL EQUITY AND LIABILITIES

118,424.42

118,894.47

 

              

CASH FLOW STATEMENT

Rs in Lakhs

 

Particulars

Consolidated

Six months ended

30-Sept-2020

Six months ended

30-Sept-2019

Cash flows from Operating Activities

Profit before tax

16,830.56

(15,804.92)

Adjusted for :

Depreciation and amortization expenses

2,141.04

22,288.30

Interest & other income

(1,577.66)

(531.83)

Share based payments

7.13

2,948.53

Buy back expenses

115.36

–

Provision for diminution of investment in Associate

–

169.04

Unrealized loss on forex exchange fluctuation

0.26

–

Allowance for advances

–

–

Provision for doubtful debts

54.04

235.47

Operating profits before working capital charges

17,570.72

9,304.59

Changes in operating assets and liabilities

(Increase)/Decrease in trade receivables

(4,716.20)

(4,425.29)

(Increase)/Decrease in financial and non-financial assets

7,553.38

(10,835.36)

 Increase/(Decrease) in financial and non-financial liabilities

(163.50)

5,516.58

 Increase/(Decrease) in trade payables

(905.01)

6,972.17

Cash generated from operations

19,339.40

6,532.69

    Income taxes paid

–

–

Net cash generated from operating activities

19,339.40

6,532.69

CASH FLOWS FROM INVESTING ACTIVITIES:

(Purchase)/sale of fixed assets/intangible assets

(1,500.25)

(1,785.34)

Investments in subsidiary

–

(23,622.44)

Proceeds from sale of investments

–

3,772.43

Dividend received from subsidiary

–

–

Interest & other income

1,508.03

531.83

Net cash generated/(used) in investing activities

7.78

(21,103.52)

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from issue of shares

2,009.88

12,590.33

Payment for buy back of equity shares including transaction cost

(16,585.06)

–

Repayment of Borrowings

–

(383.54)

Principal payment of lease liabilities

23.59

–

Interest paid on lease liabilities

(104.37)

–

Dividend paid 

(1,357.88)

–

Net Cash used in financing activities

(16,013.84)

12,206.79

Net change in cash and cash equivalents

3,333.34

(2,364.04)

Cash and cash equivalents at the beginning of the period

20,057.47

15,502.49

Cash and cash equivalents at the end of the period

23,390.81

13,138.45

 

 

 

Logo – https://techent.tv/wp-content/uploads/2020/11/tanla-records-best-ever-quarter-fuelled-by-cpaas-and-digital-revenues.jpg

 

Related Links :

https://tanla.com/

PR Newswire

CommsChoice expands Microsoft Teams Direct Routing to Hong Kong

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SYDNEY, Nov. 2, 2020 — Leading cloud communications provider, ASX listed CommsChoice Group Limited (ASX: CCG), today announced that it has expanded its International Microsoft Teams calling platform (Direct Routing for Teams) to Hong Kong; further proof the company has the most extensive Teams calling coverage across the APAC region.

CommsChoice Worldwide Network Microsoft Teams
CommsChoice Worldwide Network Microsoft Teams

CommsChoice CEO Peter McGrath said that the company is continuing its network expansion to support multinational companies that need to access a single platform phone system throughout APAC, Europe and the Americas.

"Hong Kong’s location as the beating heart of APAC business, gives multinational companies operating from Hong Kong an important base for commercial engagement with Mainland China and neighbouring countries in North and Southeast Asia.

Having coverage in Hong Kong brings International Teams calling access to a significant number of multinational companies that operate in APAC, allowing them to have their head office and branch offices on a single UC platform regardless of their office locations."

CommsChoice can now offer Teams calling plans in over 100 countries, including China, South Korea, Philippines, Singapore, the Americas and Europe.

"CommsChoice achieves this through working with select Tier 1 partners in each region. The company provides direct in dial (DID) porting in 55 countries and now offers new DIDs in over 80 countries. This allows CommsChoice to deliver services to multinational clients on a global scale.

On the shortlist for further expansion of the CommsChoice network in APAC is Jakarta and Mumbai," concluded Mr McGrath.

Corporate & Media Enquiries:

Peter McGrath, CEO and Managing Director ph: +612 8987 0600

About CommsChoice

CommsChoice Group provides cloud communications for business. The company services SME and mid-tier corporate customers in Australia, Asia and internationally using its cloud based global business phone platform and Microsoft Teams calling/Direct routing integration combined with innovative SD-WAN technology and fibre and NBN access products.

For more information visit www.commschoice.com or follow the company on LinkedIn @CommsChoiceGroup or email us on enquiries@commschoice.com

Related Links :

https://www.commschoice.com

PR Newswire

coocaa Kicks Off Diwali with Official S6G Pro Launch in India and Flipkart Vouchers for coocaa Subscribers

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coocaa wishes everyone a happy Diwali

NEW DELHI, Nov. 1, 2020 — To celebrate Diwali, coocaa is launching the new S6G Pro in India. The S6G Pro is coocaa’s first smart TV with Android 10.0, which offers more responsiveness and more powerful functions with a user-friendly UI, a multi-language keyboard, and compatibility with a variety of multimedia formats. Built-in Google Assistant, enables users to turn their television into the center of their smart home ecosystem. With the S6G Pro, users can control their television, lights, speakers, air conditioning, and other smart devices throughout the home with a simple voice command. It also features a substantial 2+32GB internal memory, allowing users to install thousands of apps with zero lag to customize the television to their specific needs and help them get more out of their S6G Pro.

Official S6G Pro Launch in India
Official S6G Pro Launch in India

The S6G Pro uses the latest technologies and offers endless options to bring greater enjoyment to the whole family. The smart television features a cutting-edge Chameleon Extreme 2.0 image processing unit to ensure exceptionally crisp, lifelike images, as well as a 38.3% boost in overall performance. 4K AIPQ advanced image quality adjustment further optimizes image quality from multiple dimensions, and includes dynamic remodeling and contrast enhancement. Plus, thanks to the latest AV1 decoding technology, families can spend less time buffering and more time watching. And for families that can’t decide on what to watch, DailyPlay AI-powered recommendations can help find content everyone will love.

With Dolby Audio & DTS StudioSound technology, users can enjoy truly immersive sound that brings movies, cricket matches, online videos, and concerts to life. And with bidirectional Bluetooth 5.0, the S6G Pro can be connected to a variety of external devices, such as keyboards, headsets, and gaming controllers for even more options.

The coocaa S6G Pro is already available on Flipkart, one of India’s top online retail sites. And to celebrate Diwali, coocaa is offering fans who subscribe to coocaa on Flipkart a special discount valid Oct. 15-Nov. 15, 2020. coocaa subscribers who purchase a 43-inch S6G Pro will receive a INR1000 Flipkart credit. Plus, coocaa is also giving away a free TV. Visit the coocaashop website today and subscribe for a chance to win at https://bit.ly/3kiZVWe 

 

Related Links :

https://coocaashop.com

PR Newswire

Daraz Launches 11.11 Sale in South Asia

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Daraz Launches 11.11 Sale for the Third Consecutive Year With Leading Brands and Local Entrepreneurs

KARACHI, Pakistan, Nov. 1, 2020 — Daraz, South Asia’s leading online shopping platform, is all set to launch its annual 11.11 sale for the third year in a row and bring the largest shopping festival in the world to our five South Asian markets including Pakistan, Bangladesh, Sri Lanka, Nepal and Myanmar. Invented by Alibaba CEO Daniel Zhang, 11.11 has evolved from a China-only "singles day sale" to now the largest "Global Shopping Festival" celebrated in many countries across the world and surpassing Black Friday, Cyber Monday and Year-End campaigns combined in sales volume.

The sale not only features more than 1800 global and domestic brands, but also Daraz’ large seller base of more than 150,0000 registered sellers – all ready to offer great deals and discounts to our customer base. The 11.11 sale is not restricted to just the average discounts that are given to the customer in every other sale. It is unique and different in every aspect. Users can avail Daraz wallet cashback, make use of the 11 O’clock deals, play the one-rupee game and take part in Mission 11.11 to win exciting prizes. All of this is expected to attract more than 7 million users to visit our platform during the day of 11.11.

Apart from the exclusive brand product launches, brand partnerships and payment partners, Daraz as a platform aims to boost the economic activity post the COVID pandemic. 11.11 comes at a time when most economies and its people are facing significant challenges. The 11.11 Shopping Festival not only offers our sellers the chance to make a recovery and boost their sales, but also allows those customers affected by the pandemic the most a chance to get their necessities and favorite products at the lowest prices. This includes offers from our most valued brand partners and sponsors including RB, Nestle, Realme, Bata, Haier, Samsung and a lot more.

Group CEO, Bjarke Mikkelsen, spoke about how Daraz is taking steps to ensure that we’re playing a larger role for the society in these troubling times. "There are many businesses which suffered during these unprecedented times in our markets. This sparked a realization, stronger than ever before, regarding the importance of a digital presence. Slowly and steadily, everything around us is becoming digitalized. We have a platform that allows us to help the society by creating employment opportunities through on-boarding sellers, as well as by providing customers access to millions of products from the palm of their hands. Daraz empowers businesses to step into the online world while simultaneously catering to the changing customer needs." 

We are excited to announce lowest prices on products and most brands in one place during 11.11 with more features than before. We invite all users to check out our new platform services including shopping, gaming, travel bookings, bill payments and many more.

Media Contact:
Pireh Shafiq
Email: pireh.shafiq@daraz.pk

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