Karachi October 29 2021: Octopus Digital Limited profitability increase by more than 12 times during the third quarter of 2021 with net profit of PKR 85.5 million shares when compared with PKR 6.9 million during the third quarter of 2020, as per information provided by the company at Pakistan Stock Exchange (PSX).
Stock gain PKR 2.58 or 3.72 percent in today trading session at PSX. Octopus provided capital gain of 65 percent to those investors who subscribed company’s shares in Initial Public Offering (IPO).
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During the same period revenue of the company grow by 11 times.
Octopus is a service oriented company, and currently providing AMS services to a wide range of clients both internationally and locally. Octopus has the expertise to tailor a zero capex, ready to adapt managed services solution on a term-based (either monthly or periodic) or perpetual monthly subscription model.
The Company has evolved from within Avanceon (it is a wholly owned subsidiary of Avanceon) and aims to provide digital services to help transform the industry through modern day technology including cloud services, data analysis, advanced and predictive analytics, predictive maintenance & risk management. Octopus’ primary focus is to contextualize the data, which is buried in Enterprise Resource Planning systems, cleaning it in AI-centric ways by storing and computing on cloud and then extracting meaningful insights that could improve operations efficiencies and reduce risks for its customers.
The Company delivers various solutions targeting user interaction and machine behavior ranging from plant data analysis to overall performance analysis of the plant. Most of the work aims on analysis from an industrial point of view with the approach to make system processes more reliable and sustainable. Octopus’s dashboards are designed to specifically tackle the volume, velocity and variety of challenges of plant floor data analysis. This is done via subscription-based Digitalization services powered with sophisticated analytics made available to users via simple, intuitive user interfaces, easy-to-understand information and visualizations.
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Octopus’s Digitalization services and KPI Dashboarding enable industries to turn raw, industrial IoT or plant floor data into proactive insights
Minimize time-to-resolution by detecting anomalies in real-time Enhance decision-making with operationalized insights
Improve forensic data investigation after incidents
Octopus’s business model is based on recurring earnings based on perpetual or term-based multi-year monthly subscription service instead of fixed cost or time & material-based projects thereby reducing risk of volatile earnings as this is prevalent in other conventional businesses in Pakistan.
The Company offers the above services with zero upfront investment for its customers and any investment to activate the service, which may include system integration, installation of additional hardware, software or thirdparty equipment.
To summarize: The Company helps businesses digitalize their manufacturing, supply chain and financial workflows by strategic and operational maintenance support services. That makes decision support, actionable insights and business intelligence available 24x7x365 both as managed and unmanaged services.
