Amagi Q2 Profit Rises to Rs 75 Crore on 27% Growth
Amagi, an Indian SaaS company, reported a second-quarter net profit of Rs 75 crore, while revenue rose 27% from a year earlier to Rs 475.82 crore. It also launched four AI products during the quarter and plans selective investments, focusing on operating leverage and cash conversion.
Quick glossaryAmagi, SaaS, operating leverage
- Amagi
- Amagi is a Bengaluru-based software company, best known for cloud tools that help broadcasters and streaming services run TV channels.
- SaaS
- Software sold over the internet on a subscription basis, so customers use it without installing it on their own computers.
- operating leverage
- A measure of how much profit grows as sales rise, because fixed costs stay about the same.
Burning Potato score: 58%