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8K Miles Software Services Limited Regd. Office: No.5, Cenotaph Road, “Srinivas” Towers, II Floor, Teynampet, Chennai 600 018 Phone: +91-44-6602-8000 Email: [email protected], www.8kmiles.com CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020 8 th August 2018 The Deputy General Manager, Department of Corporate Services, Bombay Stock Exchange Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001. The General Manager, Listing Department, National Stock Exchange Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai 400 051 Scrip Code: 512161 - ISIN NO-INE650K01021 EQ- 8KMILES ISIN NO- INE650K01021 Dear Sir/Madam, Sub: Press Release on Consolidated unaudited Financials for the quarter ended June 30,2018 Please find attached the Press Release (PR) on Consolidated Unaudited Financial Performance of the company for the quarter ended 30 th June 2018. Please take a note of the above at your end. Thanking You, Yours Truly, For 8K Miles Software Services Limited R.S.Ramani Whole-time Director

Ref: 8K/CHN/2018-19/E020 8 August 2018€¦ · Chennai – 600 018 Phone: +91-44-6602-8000 Email: [email protected], CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020

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Page 1: Ref: 8K/CHN/2018-19/E020 8 August 2018€¦ · Chennai – 600 018 Phone: +91-44-6602-8000 Email: contactus@8kmilessoftwareservices.com, CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020

8K Miles Software Services Limited Regd. Office: No.5, Cenotaph Road,

“Srinivas” Towers, II Floor, Teynampet, Chennai – 600 018 Phone: +91-44-6602-8000

Email: [email protected], www.8kmiles.com CIN # L72300TN1993PLC101852

Ref: 8K/CHN/2018-19/E020 8th August 2018

The Deputy General Manager, Department of Corporate Services, Bombay Stock Exchange Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001.

The General Manager, Listing Department, National Stock Exchange Limited,

Exchange Plaza, C-1, Block G,

Bandra Kurla Complex, Bandra (E),

Mumbai 400 051

Scrip Code: 512161 - ISIN NO-INE650K01021 EQ- 8KMILES – ISIN NO- INE650K01021

Dear Sir/Madam,

Sub: Press Release on Consolidated unaudited Financials for the quarter ended June 30,2018

Please find attached the Press Release (PR) on Consolidated Unaudited Financial Performance of the company for the quarter ended 30th June 2018.

Please take a note of the above at your end.

Thanking You,

Yours Truly,

For 8K Miles Software Services Limited

R.S.Ramani Whole-time Director

Page 2: Ref: 8K/CHN/2018-19/E020 8 August 2018€¦ · Chennai – 600 018 Phone: +91-44-6602-8000 Email: contactus@8kmilessoftwareservices.com, CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020

PressReleaseChennai,India

8thAugust2018

8KMilesQ1,FY18-19GrossRevenuesgrew22.92%YoYand5.74%QoQEBITDAupby38.42%YoYand7.24%QoQ8KMiles Software Services Limited, a leadingGlobal ITBusinessTransformation,SecureCloudSolutionsandNextGenManagedServicesProvider, todayannounced theCompany’sunaudited financial results forthequarterended30thJune2018asapprovedbytheBoardofDirectors.HighlightsoftheResults:

• GrossRevenuesgrewtoRs.240.22crores,anincreaseof22.92%YoY• EBITDAgrewtoRs.88.56crores,anincreaseof38.42%YoY• NetprofitafterminorityinterestgrewtoRs.47.51crores,upby24.73%YoY

“AIandMachineLearningwillcontinuetoimpacttheareasofITinfrastructureandoperations,particularlyin the DevOps space, where large enterprises can benefit from ML’s ability to manage resources andpredicting cloudconsumption.During the recentGoogleNext2018conference,GoogleCloud’sheadDianeGreene stated that Artificial Intelligence is the number one opportunity for Google.We are investing inbuildingadditionalAIBotstoourCloudEzplatformwhichcanfurtherreducetheinfrastructurecostsforLifeSciencesandHealthcarecloudcustomers.”saidMr.SureshVenkatachari,ChairmanandManagingDirector,8KMilesSoftwareServicesLimited.ConsolidatedFinancialHighlightsfortheQuarterended30thJune2018:Particulars Q1FY19 Q-o-Qgrowth Y-o-Ygrowth

Revenue(INRLakhs) Rs.24,022 5.74% 22.92%EBITDA(INRLakhs) Rs.8,856 7.24% 38.42%PBT(INRLakhs) Rs.7,472 1.56% 28.22%PATbeforeminorityinterest Rs.5,850 4.97% 32.49%PATafterminorityinterest Rs.4,751 14.96% 24.73%KeyBusinessHighlightsofQ1,FY2019:TrustedGo-ToPartnerforTop-10PharmaClients:

• Leveraging 8K Miles CloudEz platform, continuing to win multi cloud projects and enhancingbusinesswithourTopTierPharmaCustomers.

• Successfully launchedDevOpsplatformforourTier-1PharmacustomertoGo liveonPublicCloudInfrastructure.

• WonmultiplecustomersinEuropeonCloudTransformationProjects.

Page 3: Ref: 8K/CHN/2018-19/E020 8 August 2018€¦ · Chennai – 600 018 Phone: +91-44-6602-8000 Email: contactus@8kmilessoftwareservices.com, CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020

RapidlyGrowingHealthcareBusiness:

• 8KMileshasbeenselectedtoleadtheimplementationofnewversionoftheleadingMedicalEMRatfournewUShospitalclients.

• AcceleratingCloud inHealthcare:8KMilesalsowonacontracttoprovidehosting,consulting,andmanagedservicesfortheleadingMedicalEMRERPatUSmid-westhospital.

• The EPIC Practice of 8KMiles has been selected by an existingUS hospital clients to do a PEARLTrainingAssessment.

• 8KMiles has been chosen by Chicago based Health system to assist with their Electronic HealthRecordimplementationprojectmanagement.

• 8K Miles has been selected by US hospital client to lead and staff their EPIC Connectimplementation.

• The Strategic and Cloud Solutions Practice of 8KMiles’ healthcare division, is experiencing greatgrowthwithUSeasthospital client signingon forChiefMedicalOfficer LeadershipCoaching, andsignedafiveyearhostingcontractforthreeofitsfacilities.

• 8K Miles signed a System Selection TCO and data archiving to retire MAGIC legacy data for UShospitalclients.

• 8KMiles’healthcaredivision,CornerstoneAdvisors,andAmericoreHealtharejointlyhostinga2018summerinternshipprogramtochannelthehighestqualitytalentintoaninnovation-centricprogramthat showcases the excitement and energy of technology-driven millennials for improvinghealthcare through technology. The interns are focusing on four areas of healthcaredelivery:PatientEngagement,Telehealth,ArtificialIntelligence,andPopulationHealth.

MakingInroadsintoFinTechandBlockchainopportunities:

• EngagedwithacoupleofnewFinTechcustomersfortransformingtheirCloudFootprintandCloudTransformation.

• SecuredFirstCustomerforBlockchainplatform.

StrategicPartnerUpdates:

• Strategic Partnership with AWS in engaging new Clients and to help overcome challenges byleveragingproven8KMilestechnologyplatformandexpertise.

• AchievedMicrosoftGoldCloudPartnerstatusforconsecutiveyears.• Hosting CIO Sessions in Partnership with major Cloud Providers in North America & Europe

throughout the year during FY19. This will enhance bigger opportunities to win large enterprisecustomers.

• 8KMileshasbeenrecentlyawardedISO/IEC27001:2013InformationSecurityManagementSystemsforProvisionofCloudServices.

Page 4: Ref: 8K/CHN/2018-19/E020 8 August 2018€¦ · Chennai – 600 018 Phone: +91-44-6602-8000 Email: contactus@8kmilessoftwareservices.com, CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020

ConsolidatedPerformance

As the first time adopter of Ind AS, the Company is availing exemptions on filing consolidated financialstatementsforthisQuarter.

Note:PursuanttothechangeinestimatedlifeofIntangiblesofsubsidiariesbasedontechnicalevaluationcarriedout during the quarter effective 1st April 2018 (Q1), the board has accepted the recommendation of theAudit Committee to revise the period of amortization from 15 years to 5 years. Accordingly, theamortizationwascharged@20%perannumforallthe intangibles.Duetothisrevision,theprofitforthequarterisloweredbyRs.2.45Crores(underIGAAP)andRs39.22lakhs(underIndAS).

About8KMiles:8KMilesSoftwareServicesisaglobalCloud&SecuritysolutionsproviderandNextGenerationCloudMSPheadquartered in the San Francisco Bay area and a publicly traded company listed on Indian StockExchanges (NSE and BSE). 8K Miles Software Services offers secure Cloud solutions allowing fororganizations inhighlyregulatedindustriestoembracetheCloudandthatcanmeetGxP,HIPAA,PCI,SOXandGLBmaking iteasytomeetregulatorycomplianceontheCloud.8KMilesCloudEzplatformcombinesAutomation, Security, Governance and Validation for regulatory compliance, helping to reduce costs andtimetomarket.8KMilesMISPprovidesautomationcapabilities foronboardingSaaSApplicationsandanycloudapplicationstoCloudIdentityManagementplatforms.For8KMilesSoftwareServicesLimited

RSRamaniWhole-timeDirector

Page 5: Ref: 8K/CHN/2018-19/E020 8 August 2018€¦ · Chennai – 600 018 Phone: +91-44-6602-8000 Email: contactus@8kmilessoftwareservices.com, CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020

PressReleaseChennai,India

8thAugust2018

8KMilesQ1,FY18-19GrossRevenuesgrew22.92%YoYand5.74%QoQEBITDAupby38.42%YoYand7.24%QoQ8KMiles Software Services Limited, a leadingGlobal ITBusinessTransformation,SecureCloudSolutionsandNextGenManagedServicesProvider, todayannounced theCompany’sunaudited financial results forthequarterended30thJune2018asapprovedbytheBoardofDirectors.HighlightsoftheResults:

• GrossRevenuesgrewtoRs.240.22crores,anincreaseof22.92%YoY• EBITDAgrewtoRs.88.56crores,anincreaseof38.42%YoY• NetprofitafterminorityinterestgrewtoRs.47.51crores,upby24.73%YoY

“AIandMachineLearningwillcontinuetoimpacttheareasofITinfrastructureandoperations,particularlyin the DevOps space, where large enterprises can benefit from ML’s ability to manage resources andpredicting cloudconsumption.During the recentGoogleNext2018conference,GoogleCloud’sheadDianeGreene stated that Artificial Intelligence is the number one opportunity for Google.We are investing inbuildingadditionalAIBotstoourCloudEzplatformwhichcanfurtherreducetheinfrastructurecostsforLifeSciencesandHealthcarecloudcustomers.”saidMr.SureshVenkatachari,ChairmanandManagingDirector,8KMilesSoftwareServicesLimited.ConsolidatedFinancialHighlightsfortheQuarterended30thJune2018:Particulars Q1FY19 Q-o-Qgrowth Y-o-Ygrowth

Revenue(INRLakhs) Rs.24,022 5.74% 22.92%EBITDA(INRLakhs) Rs.8,856 7.24% 38.42%PBT(INRLakhs) Rs.7,472 1.56% 28.22%PATbeforeminorityinterest Rs.5,850 4.97% 32.49%PATafterminorityinterest Rs.4,751 14.96% 24.73%KeyBusinessHighlightsofQ1,FY2019:TrustedGo-ToPartnerforTop-10PharmaClients:

• Leveraging 8K Miles CloudEz platform, continuing to win multi cloud projects and enhancingbusinesswithourTopTierPharmaCustomers.

• Successfully launchedDevOpsplatformforourTier-1PharmacustomertoGo liveonPublicCloudInfrastructure.

• WonmultiplecustomersinEuropeonCloudTransformationProjects.

Page 6: Ref: 8K/CHN/2018-19/E020 8 August 2018€¦ · Chennai – 600 018 Phone: +91-44-6602-8000 Email: contactus@8kmilessoftwareservices.com, CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020

RapidlyGrowingHealthcareBusiness:

• 8KMileshasbeenselectedtoleadtheimplementationofnewversionoftheleadingMedicalEMRatfournewUShospitalclients.

• AcceleratingCloud inHealthcare:8KMilesalsowonacontracttoprovidehosting,consulting,andmanagedservicesfortheleadingMedicalEMRERPatUSmid-westhospital.

• The EPIC Practice of 8KMiles has been selected by an existingUS hospital clients to do a PEARLTrainingAssessment.

• 8KMiles has been chosen by Chicago based Health system to assist with their Electronic HealthRecordimplementationprojectmanagement.

• 8K Miles has been selected by US hospital client to lead and staff their EPIC Connectimplementation.

• The Strategic and Cloud Solutions Practice of 8KMiles’ healthcare division, is experiencing greatgrowthwithUSeasthospital client signingon forChiefMedicalOfficer LeadershipCoaching, andsignedafiveyearhostingcontractforthreeofitsfacilities.

• 8K Miles signed a System Selection TCO and data archiving to retire MAGIC legacy data for UShospitalclients.

• 8KMiles’healthcaredivision,CornerstoneAdvisors,andAmericoreHealtharejointlyhostinga2018summerinternshipprogramtochannelthehighestqualitytalentintoaninnovation-centricprogramthat showcases the excitement and energy of technology-driven millennials for improvinghealthcare through technology. The interns are focusing on four areas of healthcaredelivery:PatientEngagement,Telehealth,ArtificialIntelligence,andPopulationHealth.

MakingInroadsintoFinTechandBlockchainopportunities:

• EngagedwithacoupleofnewFinTechcustomersfortransformingtheirCloudFootprintandCloudTransformation.

• SecuredFirstCustomerforBlockchainplatform.

StrategicPartnerUpdates:

• Strategic Partnership with AWS in engaging new Clients and to help overcome challenges byleveragingproven8KMilestechnologyplatformandexpertise.

• AchievedMicrosoftGoldCloudPartnerstatusforconsecutiveyears.• Hosting CIO Sessions in Partnership with major Cloud Providers in North America & Europe

throughout the year during FY19. This will enhance bigger opportunities to win large enterprisecustomers.

• 8KMileshasbeenrecentlyawardedISO/IEC27001:2013InformationSecurityManagementSystemsforProvisionofCloudServices.

Page 7: Ref: 8K/CHN/2018-19/E020 8 August 2018€¦ · Chennai – 600 018 Phone: +91-44-6602-8000 Email: contactus@8kmilessoftwareservices.com, CIN # L72300TN1993PLC101852 Ref: 8K/CHN/2018-19/E020

ConsolidatedPerformance

As the first time adopter of Ind AS, the Company is availing exemptions on filing consolidated financialstatementsforthisQuarter.

Note:PursuanttothechangeinestimatedlifeofIntangiblesofsubsidiariesbasedontechnicalevaluationcarriedout during the quarter effective 1st April 2018 (Q1), the board has accepted the recommendation of theAudit Committee to revise the period of amortization from 15 years to 5 years. Accordingly, theamortizationwascharged@20%perannumforallthe intangibles.Duetothisrevision,theprofitforthequarterisloweredbyRs.2.45Crores(underIGAAP)andRs39.22lakhs(underIndAS).

About8KMiles:8KMilesSoftwareServicesisaglobalCloud&SecuritysolutionsproviderandNextGenerationCloudMSPheadquartered in the San Francisco Bay area and a publicly traded company listed on Indian StockExchanges (NSE and BSE). 8K Miles Software Services offers secure Cloud solutions allowing fororganizations inhighlyregulatedindustriestoembracetheCloudandthatcanmeetGxP,HIPAA,PCI,SOXandGLBmaking iteasytomeetregulatorycomplianceontheCloud.8KMilesCloudEzplatformcombinesAutomation, Security, Governance and Validation for regulatory compliance, helping to reduce costs andtimetomarket.8KMilesMISPprovidesautomationcapabilities foronboardingSaaSApplicationsandanycloudapplicationstoCloudIdentityManagementplatforms.For8KMilesSoftwareServicesLimited

RSRamaniWhole-timeDirector