Operating leverage to continue as non-COGS costs grow slower than revenue
Management expects non-COGS costs (60% of total) to grow at inflation plus a few points, while revenue grows faster, driving margin expansion.
CAPILLARY / guidance tracker
Keep management guidance in view.
Capillary Technologies India · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
margins
IRA monetization to begin in coming quarters
IRA is currently in free pilot with 10-15 customers; management expects to start billing for annual licenses linked to usage in a couple of quarters.
M&A pipeline active with multiple LOIs
Management has several letters of intent for acquisitions, continuing the strategy of buying competitors at 0.5-1.5x revenue and migrating customers.