Virtual Galaxy Infotech Limited
Founded in September 1997, Virtual Galaxy Infotech Limited is a Nagpur-based IT services firm specializing in SaaS solutions, including core banking and ERP systems, serving clients in the BFSI sector and government with a team of over 300.
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VGINFOTECH has released its Q1 FY27 earnings update. This covers company performance for the quarter ended June 30, 2026, offering investors insights into recent business developments.
The company clarified that a note in its Q1 2025 results, explaining missing comparative data due to prior half-yearly reporting, is not an audit qualification. They voluntarily adopted quarterly reporting for better investor information.
Virtual Galaxy Infotech secured a Cyber Security Operations Centre (C-SOC SaaS) contract from BDCC Bank. This expands a decade-long relationship, reinforcing confidence in VGINFOTECH's AI-powered platform. The deal boosts recurring SaaS and managed security services revenue, leveraging their award-winning Cyber Sentinel solution for the BFSI sector.
VGINFOTECH clarified Q1 operational highlights. SaaS Services Revenue of ₹17.9 Cr is already included within the ₹39.4 Cr from products/services and total ₹40.4 Cr operational revenue, not additional. This provides greater transparency on SaaS contribution.
Virtual Galaxy Infotech reported Q1 FY27 revenue up 60% YoY to 40.4 Cr. Key wins include a US$1.1 million software development contract and a US$550K digital payments order in Southern Africa. The company also signed an MoU with Konkan Railway and reiterated 40-50% FY27 revenue growth guidance.