NEW DELHI: Provider of customised software solutions for the electronic payment industry, RS Software reported weak set of first quarter earnings. Revenue stood at Rs 24.98 crore against Rs 25 crore in the last quarter. The company had a net loss of Rs 3.90 crore against Rs 2.20 crore sequentially.
In an interview with CNBC-TV18, Raj Jain, CMD of RS Software, said that the company is well secured in terms of cash reserves and is building a digital platform for commerce and payments. He further said that there is scope for 50 percent revenue contribution from India in the next 2-3 years and the company expects to start its monetisation payment platform in the next six months.
