According to the management, Q2FY21 was another quarter of strong performance, backed by better operating leverage, despite the trying circumstances. The pandemic has accelerated CPaaS adoption amongst enterprises, and Route Mobile continues to enable its customers in their digital communication journey, it said.
As per Gartner estimates, by 2023, 90 per cent of global enterprises will leverage AP/ enabled CPaaS offerings to enhance their digital competitiveness, up from 20 per cent in 2020. The management said the company is optimally positioned to be at the forefront and drive this transformation.
At 09:50 am, the stock was trading 7 per cent higher at Rs 973 on the BSE, as against 0.40 per cent decline in the S&P BSE Sensex. The counter saw huge trading volumes with a combined 760,000 equity shares changing hands on the NSE and BSE till the time of writing of this report.
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