LiteBreeze continues to grow steadily from strength to strength, be it in terms of talent, clients or over-all company health. LiteBreeze successfully advanced to the third highest rating of “good” from an “above average” last year as per CRISIL’s rating.
Highlights from the report:
A pointer in concern with business management would be “factors that may constrain margins in the future: Competition from established players and new entrants.”
Financial risk factors this year included “moderate profitability: The company’s ability to enhance operational efficiency while scaling up operations remains to be seen.
It registered a moderate operating profit before depreciation, interest, and tax (OPBDIT) margin of 10.12%, profit after tax (PAT) margin of 3.37%, and return on capital employed (RoCE) of 32.77% in fiscal 2018.”
We publish our rating to demonstrate our financial strength to prospective clients and colleagues. We believe it adds clarity and transparency for all our stakeholders.
Our CEO David Claesson is resolved to continue the company’s successful focus on WordPress development, Laravel development services and Hybrid mobile app development.
The rating from CRISIL encourages LiteBreeze to sustain its high standards by continuously evolving in techniques and aiming high to provide flawless development services to our clients.
Ability to provide great service quality is one of our top criteria when recruiting the top 1% of talent in the pool of software development professionals and we are always on the look-out for dedicated developers to add to the LiteBreeze family.
If you have what it takes to join our dynamic team, do not hesitate to apply for a job here.