Redington to ramp up cloud and AI investments, Group CEO outlines strategy

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Integrated technology solutions provider class=”stockpage_articles” href=”https://www.cnbctv18.com/market/stocks/redington-share-price/RI37/?utm_source=liveblog&utm_medium=web&utm_campaign=earnings” target=”_blank” rel=”noopener”>Redington plans to increase its investments in cloud and Artificial Intelligence (AI) to drive growth, according to Group CEO VS Hariharan.

Currently, the technology solutions group contributes 30% of the company’s business, while cloud services account for 4-5%, making up a total of 34-35% of the revenue mix. An equal 35% share comes from the mobility solutions group.

Maintaining this balance is crucial for sustaining higher margins, and while increased investment in cloud and AI may impact operating expenses…



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Redington to ramp up cloud and AI investments, Group CEO outlines strategy


Integrated technology solutions provider class=”stockpage_articles” href=”https://www.cnbctv18.com/market/stocks/redington-share-price/RI37/?utm_source=liveblog&utm_medium=web&utm_campaign=earnings” target=”_blank” rel=”noopener”>Redington plans to increase its investments in cloud and Artificial Intelligence (AI) to drive growth, according to Group CEO VS Hariharan.

Currently, the technology solutions group contributes 30% of the company’s business, while cloud services account for 4-5%, making up a total of 34-35% of the revenue mix. An equal 35% share comes from the mobility solutions group.

Maintaining this balance is crucial for sustaining higher margins, and while increased investment in cloud and AI may impact operating expenses…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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