Tanla Platforms Limited, India's largest CPaaS provider, today announced its financial results that showed its net profit has soared a staggering 33%.
On a year-on-year basis, revenues grew by 38% for the first quarter, Tanla said.
Uday Reddy, Chairman & CEO, Tanla Platforms Limited said, "We had a stellar start into the year with consistent acceleration in our revenue growth, while improving profitability and cash flows.
“The operating profit and net profit are at an all-time high, driven by increasing contribution from our platform business. Our financial performance is an outcome of our innovation led strategy and focused execution.”
He added: “Tanla is growing at rate of knots. There is a Rule of 40 out there for SaaS companies, but Tanla has grown organically at Rule of 60 in Q1. This is a tangible demonstration of the strong unit economics within our business, and it showcases the inherent strength of the business model.