New Delhi, April 22: Delhi-based national distributor, Iris Computers has posted a 30% YoY jump in revenue for the 2014-15 fiscal, and registered a revenue of Rs 2600 Crore revenue post its acquirement by InflexionPoint.
Last year, Iris had become a Rs. 1600 crore company, and had set a target to become Rs 2500 crore by March 2015.
The distributor says it is looking beyond revenues and focusing on profitability.
With the strong financial backup, the distributor is all set to give tough fight to big names like Ingram Micro and Redington. It has set a target of becoming a Rs. 6000 Crore company in the next three years.
Iris has attributed this growth to its new internal strategy, cleaning the house and making the best use of its handy resources.
Vishal Sopory, CEO, Iris Computers Ltd, said “We have been leveraging on existing resources on OEMs products and partners, that brought us this result and with better relationships.”
With the coming fiscal, Iris is devising various roadmaps that shall keep the pace going far and beyond.
Ever since John Sculley’s inflexion point acquired 90% of controlling stake, the distribution business has been witnessing steady growth in last one year and is aiming to be among the top three national distributors by 2016.