Sunday, August 10, 2014

8KMiles to raise India focus; in talks with low-cost airlines

Mumbai: To increase revenue contribution from home market, the country's only listed pure-play cloud computing firm 8KMiles is in talks with leading domestic low-cost carriers to offer cloud solutions, especially on the ticketing front, to cut cost and also offer bulk bookings.

"We have been offering cloud solutions to the largest Asian low-cost carrier AirAsia for the past few years. We now want to extend our success with this airline to other airlines in the country, especially the low-cost ones," 8KMiles founder chairman and chief executive Suresh Venkatachari told PTI.

Though he said he is already piloting with some of the low-cost airlines, he refused to share names of anyone citing client confidentiality.

Though registered in Chennai and listed on the BSE, 8KMiles draws over 75 per cent of its revenue from the US and only 10-15 per cent from the home market, he said, adding that he wants to increase the revenue contribution to around 25 per cent from here through deals with airlines.
10/08/14 PTI/Business Standard
To Read the News in full at Source, Click the Headline