TECHNOLOGY

Amagi's revenue rises 32% to INR 437 crore, profit up more than eightfold

Media-tech SaaS firm Amagi reported its highest-ever quarterly revenue, up 32% to INR 437 crore, with adjusted EBITDA tripling and net profit rising more than eightfold, as the newly-listed company turns strongly profitable.

Amagi Media Labs, the cloud media-tech SaaS firm that listed this year, reported its highest-ever quarterly revenue, up 32.4% to INR 437 crore (21.3% in constant currency), as existing customers expanded on its streaming and broadcast platform. Adjusted EBITDA tripled to INR 50 crore, lifting the margin to 11.5%, and net profit rose more than eightfold to INR 34 crore from INR 4 crore a year earlier. The figures point to widening operating leverage, a notable turn to solid profitability for one of India's newly-listed software firms.

QA and Level-1 support roles most at risk from AI based on FICCI–KPMG skills report

A FICCI–KPMG report at the FICCI Global Skills Summit cites NITI Aayog in flagging displacement risk for QA engineers and Level-1 support agents by 2031, against up to 40 lakh AI-augmented jobs — if large-scale reskilling begins now.

Island Computing opens Indian sovereign cloud, claims 30% cost edge over AWS Mumbai

Bengaluru startup Island Computing opens its cloud platform on 15 August, pitching Indian jurisdiction to banks and government bodies and claiming 30% lower costs than AWS Mumbai, while disclosing no funding, customers or data-centre locations.

Maersk raises full-year guidance on strong demand, warns of worsening congestion

Shipping bellwether Maersk sharply raised its full-year profit guidance after a strong second quarter, citing robust demand and higher freight rates, while flagging deepening congestion and rerouting, relevant signals for Indian trade.

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