ESDS’ IPO Litmus Test, Even Axes 350 Jobs & More
ESDS Software Solutions' IPO opens for subscription today, aiming to raise ₹720 crore to enhance its GPU capabilities and cloud ambitions. The company reported a 31% revenue growth to ₹472 crore and a net profit increase of 117% to ₹120.8 crore in FY26. However, rising hardware costs and intense competition may impact its expansion plans.