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Computer Age Management Services Ltd News

CAMS, Google Cloud come together to build cloud-native platform

Computer Age Management Services Ltd (CAMS) has collaborated with Google Cloud to develop next-generation platform for various business services, in the asset management industry. The initiative aims to modernise the largest platform serving the Indian asset management industry with next generation capabilities. The next generation platform, envisaged with Google Cloud, is a strategic step of the company to leverage the multiple benefits of cloud-based platforms and emerging technologies for the rapidly growing asset management industry, CAMS said in a statement here on Tuesday. The platform would be designed and developed over a five-year period with implementation of specific modules in a phased manner. Commenting on the development, CAMS Managing Director Anuj Kumar said, "our technology platform has been the financial infrastructure for the Indian Mutual Fund industry, serving investors and the complex ecosystem diligently, while scaling up to build a market share of about 68 p

CAMS, Google Cloud come together to build cloud-native platform
Updated On : 02 Jul 2024 | 7:08 PM IST

CAMS stock rises 6% on healthy Q4FY24 results; up 20% thus far in 2024

CAMS stock price: In the past six months, the stock has gained over 30 per cent

CAMS stock rises 6% on healthy Q4FY24 results; up 20% thus far in 2024
Updated On : 10 May 2024 | 2:28 PM IST

CAMS Q4 results: PAT rises 38.5% to Rs 103 cr, revenue up 24% to Rs 310 cr

Registrar and transfer agent for mutual funds CAMS on Thursday reported a 38.5 per cent surge in profit after tax to Rs 103 crore for three months ended March this year, driven by robust performance across the business streams. In comparison, the company had posted a profit after tax (PAT) of Rs 74.36 crore in the year-ago period, Computer Age Management Services Ltd (CAMS) said in a statement. Its revenue grew 24.6 per cent to Rs 310.46 crore in January-March of the financial year 2023-24 (FY24) from Rs 249.24 crore a year ago. "We had an excellent quarter in terms of posting strong financial results, with quarterly revenue and PAT growing at 24.6 per cent and 38.7 per cent YoY (year-on-year). "All these numbers are a culmination and deep vindication of robust performance across our revenue streams and are reflective of deep business and operational focus of our teams," Anuj Kumar, Managing Director of CAMS, said. The company said that revenues from the mutual fund business rose

CAMS Q4 results: PAT rises 38.5% to Rs 103 cr, revenue up 24% to Rs 310 cr
Updated On : 09 May 2024 | 8:07 PM IST

Better growth supports the case for small-caps in Asia: Jefferies

Small-caps in Asia, Jefferies said, have done well since 2001, with an excess return of 216 per cent versus the large-caps

Better growth supports the case for small-caps in Asia: Jefferies
Updated On : 18 Mar 2024 | 1:19 PM IST

CAMS Q3 results: Net profit rises 21% to Rs 89 cr, revenue up 19%

Computer Age Management Services Ltd (CAMS), registrar and transfer agent of mutual funds, on Tuesday reported 21 per cent growth in net profit at Rs 89.29 crore for three months ended December 2023. The company had logged a net profit of Rs 73.72 crore in the same quarter of preceding financial year (FY23), CAMS said in a statement. Revenue in the quarter under review rose 19 per cent to Rs 289.68 crore, as against Rs 243.57 crore in the year-ago period. "Revenue growth at 19 per cent and PAT (profit after tax) growth at 21 per cent year-on-year is the culmination of robust performance across our revenue streams. Mutual funds asset growth trajectory took the overall asset base we service to historic high of Rs 34 lakh crore," company's managing director Anuj Kumar said. CAMS is a financial infrastructure and service partner to the asset management industry and offers platform-based services to the Banking, Financial Services and Insurance (BFSI) segment. With a market share of ov

CAMS Q3 results: Net profit rises 21% to Rs 89 cr, revenue up 19%
Updated On : 06 Feb 2024 | 6:22 PM IST