Black Box headed for growth phase with new GTM strategy: Ventura Securities

Quick Summary:

Muted sales growth in FY24 notwithstanding, Black Box is poised for its next growth phase aided by a growing deal pipeline, revamped go-to-market strategy, and focus on data centres, according to a report by brokerage firm Ventura Securities.

"Despite muted sales growth in FY24, primarily due to delays in project execution and decision-making, Black Box is poised for next growth phase," it said, adding that the firm has revamped its strategy by focusing on the top 300 customers and exiting less profitable long-tail customers, as they do not contribute to margin growth.

Black Box plans to concentrate on data centres, primarily in North America and India, Ventura said.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Growth Black Box Essar Group Ventura Securities GTM strategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 19:52:26 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24819380

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