Tiruchelvam says he expects the company’s cloud-based platform’s annual recurring revenue to grow at 25% per year at a 6.2% CAGR over FY2025 to FY2028. The analyst thinks the Mainboard-listed company is “likely” to generate $18 million in ebitda in FY2025 ending Dec 31.
Nirgunan Tiruchelvam of Aletheia Capital has initiated coverage on newly listed payroll software software provider Info-Tech Systems, praising its “resilient” software-as-a-service (SaaS) framework targeted at small- and medium-sized enterprises (SMEs).
“It supports high client retention and strong operating efficiency. Government support programmes, such as Singapore’s PSG (Productivity Solutions Grant) improve onboarding economics by lowering customer acquisition costs. With recognised certifications (ISO and MTCS) and a unique product range, Info-Tech is well-positioned to expand into multiple markets in Asean,” writes Tiruchelvam in an Aug 29 note.
