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Moore's law on Steroids! The astounding pace at which technology is evolving , India's very own efforts at building LLM Models ( Keep an eye on the news! ) , nascent stages of our semiconductor journey, from development to deployment to regulation in AI - everything was covered. It was packed 2 days of immersion in tech ecosystem , panel discussions & #networking with industry colleagues at 32nd NTLF , Asia's largest tech and leadership gathering. My key takeaways from the event : India , poised to become the 3rd largest economy in the world by -28 has had a fantastic year in terms of IT with revenues estimated to cross $245 Bn representing a 8.4% YoY growth. We've added 53 new GCC's in . Second to only USA currently , we are poised to have the largest numbers of developers in the world by . With the great appetite for new tech, skilled and talented workforce , if "AI is the great equalizer, we have the opportunity NOW" to innovate and create a new breed of starts ups be it in climate, brain or sustainability tech ! - The keynote by Fei-Fei Li, the godmother of AI and the Co-Director of Stanford's Human-Centered AI Institute, who delivered a keynote on "The Worlds I See: AI and Humanity", who shared her personal journey and the importance of human-centered AI. I was thrilled to ask her a question about the ethical implications of AI and to hear her thoughtful response. - The sneak-peek of India's own Indic LLM (Hanuman GPT), which promises to revolutionize the multilingual and speech-to-text capabilities for 1.3 billion Indians. - The talk by Mustafa Suleyman, the former head of DeepMind and the founder of Inflection AI, who discussed the patterns from the past that can teach us lessons for today, and the impact of AI on society. As the cost of power is going to go through the floor, many people can affect information ecosystem and also real world in practice . Hence the concept of containment is important ! AI & the Future: Government developing AI framework for transparency, safety & trust. Bernard Marr's future trends : Ubiquitous computing, Cloud, Edge, 5G, DNA, Quantum, Datafication, Metaverse, Hologram , Satellite tech . Gen AI & its Challenges: AI chatbots can produce misinformation (3-27%). 40% of workers need to reskill due to AI within 3 years. 70% of CEOs cite difficulty in strategy development due to uncertainty in Gen AI. Semiconductor Revolution: Complex & expensive process with thousands of nanoscale steps. India has potential due to its large market, talent pool & strategic importance. @Anil Kapoor's Inspiration: Importance of adapting & reinventing in the face of change. Continuous learning & pushing boundaries to achieve dreams. I am grateful to nasscom , nasscom member connect & organizers for putting together such a wonderful platform& to Mastek for supporting me to attend this event #NTLF #TechLeadership #responsibleai #genai #genaitrends #aichallenges #aiimpact #aicapabilities #ShapingTheTechade

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Majesco announced its FY16 Q4 results today. Following is the summary from its site - https://ir.majesco.com/fy16release/

On a quarter-on-quarter basis:

&#; The operating income was Rs 221.6 crore during the quarter under review as compared to Rs 198.0 crore during the previous quarter reflecting an increase of 11.9% in rupee terms.

&#; Total income was Rs 223.8 crore during the quarter under review as compared to Rs 199.2 crore during the previous quarter reflecting an increase of 12.4%.

&#; The Company reported EBITDA (before exceptional items) of Rs 2.7 crore (1.2% of operating income) in Q4FY16 as compared to EBITDA loss of Rs 2.7 crore (-1.4% of operating income) in Q3FY16.

&#; Net loss stood at Rs 2.0 crore in Q4FY16 as against a Net profit of Rs 7.9 crore in Q3FY16.

&#; The product research & development spends during the quarter stood at Rs 31.5 crore (14.1% of total income) as compared to Rs 28.5 crore (14.3% of total income) in Q3FY16.

For the Financial Year ended 31st March, :

&#; The operating income was Rs 757.2 crore for FY ended on 31st March, .

&#; Total income was Rs 766.2 crore during the year under review ended on 31st March, .

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&#; The company reported EBITDA (before exceptional items) of Rs 9.9 crore (1.3% of operating income) for FY .

&#; Net profit stood at Rs 6.9 crore for FY on 31st March, .
&#; The product research & development spends was at Rs 108.5 crore (14.2% of total income) during the full year period under review.

Other Operating highlights

&#; New Accounts and Active clients during the quarter: The Company added 5 new clients during Q4FY16 and also expanded relationship with existing clients that included two Tier -1 accounts. Total active client count (including India clients) as of 31st March, was 164 as compared to 159 as on 31st December, .

&#; 12month Order Backlog: The 12-month order backlog stood at Rs 485.0 crore ($73.1 mn) as on 31st March, and in constant currency stood at Rs 483.6 crore as compared to Rs 422.1 crore ($63.8mn) at the end of Q3FY16, reflecting an increase of 14.5% QoQ in rupee terms.

&#; Employees: As on 31st March, , the company had a total of 2,465 employees, of which 1,961 employees were based offshore in India while the rest were at various onsite locations outside India. Employee count at the end of 31st December, was 2,242.

&#; Cash & Cash Equivalents: The total cash & cash equivalent in Consolidated Majesco Group stands at Rs 127.2 crore as on 31st March, as compared to Rs 153.7 crore at the end of 31st December, .

&#; Debt: Total debt at Consolidated Majesco Group on 31st March, was Rs 91.9 crore as compared to Rs 80.5 crore as at 31st December, .

Mr. Ketan Mehta, Founder and CEO, Majesco., said: &#;Financial year has created a base towards the execution of our growth oriented strategy which was outlined early this year around market penetration, investment in solutions and platform for client successes and strategic focus on our cloud business. I am happy to see good growth in terms of 19 new client additions, 47% increase in order backlog and 43% increase in revenue. During the year under review, we continued to invest in our products, sales, marketing and infrastructure by investing 81% over the previous year. We continue to gain momentum across mid-market, start-up and tier 1 carriers with our core, digital, data, distribution and cloud businesses and I am excited to share more about our plans for the future at our May 19, Investor Day.&#;

Mr. Farid Kazani, Managing Director, Majesco Ltd., said: &#;This was the first year where we represented ourselves as a standalone company post demerger. The quarter under review witnessed strong momentum in terms of revenue growth of 11.9% sequentially. The 12 month order backlog during the quarter was at $73.1mn which validates that our investments have been in the right direction and we are on the right track to achieve growth in a year going forward&#;.

Disclosure: Invested.

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