Datamatics Stocks Earned 1000% Returns in 3 Years!

Datamatics is a global digital solutions company that specialises in enhancing productivity, customer experience, and competitive advantage. With products in robotic process automation, intelligent document processing, business intelligence, and automated fare collection, they serve diverse industries worldwide, including banking, insurance, healthcare, manufacturing and media. Operating across four continents, their delivery centres are located in USA, India, and the Philippines. 

Datamatics, a global leader in digital technologies, operations, and experiences, has successfully integrated Generative AI with its AI-powered Intelligent Document Processing (IDP) solution, TruCap+. This integration represents a significant advancement in document processing. Generative AI enables the creation of new content based on existing patterns and examples. 

By combining Generative AI with TruCap+, data-intensive industries like BFSI, healthcare, pharma, manufacturing, and logistics can extract valuable insights in a cost-effective, efficient, and accurate manner. The data extracted through TruCap+ seamlessly integrates with Robotic Process Automation (RPA), enabling the benefits of true automation. 

Datamatics integrates Generative AI with TruCap+, offering enhanced accuracy, data querying, and language support for document processing. TruCap+ becomes a superior IDP solution with out-of-the-box extraction, seamless document incorporation, complex checks, built-in data analysis, and multi-source data extraction. It supports various languages. 

Furthermore, Datamatics Global Services recently announced their Q4FY23 results in which sales of the company grew by 32.9% to Rs 416 crore, operating profit grew by 64.7% to Rs 84 crore while net profit grew by 28.8% to Rs 58 crore. Moreover, the company has been able to grow its sales by 10% (CAGR) for the past 5 years and profit by 25% (CAGR) for the same period. 

The company has been able to deliver exceptional returns of 87% for the past one year and whopping returns of 1,046% in just 3 years. Additionally, the stock has a ROCE of 24.8% and a ROE of 19.5%. 

Investors should keep a close eye on this trending tech stock!