Suresh Venkatachari

The impressive set of numbers from the Silicon Valley-based and Chennai-registered company comes amidst a gloom in the domestic as well as global IT majors on declining demand for software services in the western markets.

8K Miles Software Services, a Chennai-based cloud computing company, on Friday said that it has postponed its foray into the United Kingdom, following Britain's decision to exit from the European Union.

8K Miles Software Services shares jumped over 12 per cent on Friday, following the cloud computing company's June quarter earnings announcement.

Over the past 12 months, 8K Miles has acquired three firms in the health and pharma space alone. Earlier this year, it had acquired the US-based Cintel Systems, Canada-based Mindprint and another US-based firm SERJ Solutions to strengthen its portfolio in the fast-growing life sciences sector.

On the heels of DSP Black Rock MF picking up a 4 per cent stake in 8KMiles, India's only listed pure-play cloud computing firm, Sundaram BNP Paribas MF on Wednesday bought an around 2 per cent in the Silicon Valley-based company at double the price that the former had paid.

To increase revenue contribution from domestic market, 8KMiles is in talks with domestic low-cost carriers to offer cloud solutions, especially on the ticketing front, to cut cost and also offer bulk bookings.

The impressive set of numbers from the Silicon Valley-based and Chennai-registered company comes amidst a gloom in the domestic as well as global IT majors on declining demand for software services in the western markets.

8K Miles Software Services, a Chennai-based cloud computing company, on Friday said that it has postponed its foray into the United Kingdom, following Britain's decision to exit from the European Union.

8K Miles Software Services shares jumped over 12 per cent on Friday, following the cloud computing company's June quarter earnings announcement.

Over the past 12 months, 8K Miles has acquired three firms in the health and pharma space alone. Earlier this year, it had acquired the US-based Cintel Systems, Canada-based Mindprint and another US-based firm SERJ Solutions to strengthen its portfolio in the fast-growing life sciences sector.

On the heels of DSP Black Rock MF picking up a 4 per cent stake in 8KMiles, India's only listed pure-play cloud computing firm, Sundaram BNP Paribas MF on Wednesday bought an around 2 per cent in the Silicon Valley-based company at double the price that the former had paid.

To increase revenue contribution from domestic market, 8KMiles is in talks with domestic low-cost carriers to offer cloud solutions, especially on the ticketing front, to cut cost and also offer bulk bookings.