SSG business targeted to reach $5B revenue in 3 years

Mgmt Guided Margin ImprovementAnalyst Day Multiyear TargetsInvestor Communications View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Redington held an investor event on SSG (Software Solutions Group) business, a $2.2B vertical growing 29% in USD. Management targets $5B SSG revenue in 3 years with 5.5-6% gross margin and about 2% PAT. Recurring revenue at 74% targeted to 85%, renewal rate 85% to 90%+. Plans include platform investments, 130+ vendor ties, professional services scaling, and possible small acquisitions. Microsoft frontier partner status and AWS collaboration highlighted.

Likely market impact

Positive - clear 3-year growth roadmap with margin expansion, higher recurring revenue mix, and AI-led transformation. Watch for inorganic moves.