“This has been possible by disciplined resource allocation and focusing on what has become our core revenue and growth driver – payments and financial services distribution business,” he mentioned.
Positive free money move is when an organization has ample funds to speculate again into the business for progress.
Paytm reported a 51.5% rise in fourth-quarter income on Friday, aided by a surge in mortgage progress, and posted an working revenue for a second consecutive quarter.
Paytm’s mother or father, One 97 Communications Ltd (PAYT.NS), mentioned income rose to Rs 2,335 crore ($285.80 million) within the three months ending March 31, from Rs 1,541 crore a 12 months earlier.
The introduction of early-stage synthetic basic intelligence (AGI) in 2023 will assist convey efficiencies within the business, Sharma mentioned.
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“Our technology teams have started to see very encouraging results already,” he mentioned. “I see AGI as something like smartphones 10 years back – very ripe for innovation and very potent to become part of everyday life at scale.”
Source: economictimes.indiatimes.com