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HomeBuisnessVaranium Cloud announces financial results Pi News

Varanium Cloud announces financial results Pi News

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Mumbai. Varenium Cloud Limited has also recorded a sharp increase in business operations with significant growth in total revenue and net profit. The company posted a consolidated net profit of Rs 87.68 crore for the third quarter of 2024 ended December 31, 2023, as against Rs 29.29 crore in the third quarter of 2023, a year-on-year growth of 196%. The company posted a total revenue from operations of Rs 401.86 crore in the third quarter of FY 2024 as compared to Rs 109.48 crore in the third quarter of FY 2023, up 267% year-on-year. The company posted revenue of Rs 120.95 crore in the third quarter of FY2024, up 205% year-on-year compared to Rs 39.60 crore in the third quarter of FY2023. Founded in December 2017, Veranium Cloud Limited is a technology company focused on providing digital audio and video streaming services. The company has created a diverse set of services for different clients in different domains. Over the past year, the company has continuously expanded and established various partnerships with top companies to provide solutions in Ed-Tech, Medical Tech, Cloud Services, BPO as well as Data Center.

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