Net profit of Rategain Travel Technologies rose 48.03% to Rs 50.02 crore in the quarter ended March 2024 as against Rs 33.79 crore during the previous quarter ended March 2023. Sales rose 39.84% to Rs 255.81 crore in the quarter ended March 2024 as against Rs 182.93 crore during the previous quarter ended March 2023.For the full year,net profit rose 112.56% to Rs 145.39 crore in the year ended March 2024 as against Rs 68.40 crore during the previous year ended March 2023. Sales rose 69.35% to Rs 957.03 crore in the year ended March 2024 as against Rs 565.13 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales255.81182.93 40 957.03565.13 69 OPM %21.2117.60 -19.8214.98 - PBDT74.9936.66 105 229.91103.07 123 PBT65.4525.85 153 188.8767.26 181 NP50.0233.79 48 145.3968.40 113 Powered by Capital Market - Live News

Rategain Travel Techs. will hold a meeting of the Board of Directors of the Company on 21 May 2024.Powered by Capital Market - Live News

RateGain Travel Technologies announced that its connectivity platform is available on the Oracle Cloud Marketplace and can be deployed on Oracle Cloud Infrastructure (OCI) and integrated with the Oracle OPERA Cloud via the Oracle Hospitality Integration Platform (OHIP). Oracle Cloud Marketplace is a centralized repository of enterprise applications offered by Oracle and Oracle partners. Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications and services offering unique solutions, including ones that extend Oracle Fusion Cloud Applications. OCI is a deep and broad platform of cloud infrastructure services that enables customers to build and run a wide range of applications in a scalable, secure, highly available, and high-performance environment. From application development and business analytics to data management, integration, security, AI, and infrastructure services including Kubernetes and VMware, OCI delivers comprehensive security, performance, and cost savings. In addition, with multicloud, hybrid cloud, public cloud, and dedicated cloud options, OCI`s distributed cloud offers customers the benefits of cloud with greater control over data residency, locality, and authority, even across multiple clouds. As a result, customers can bring enterprise workloads to the cloud quickly and efficiently while meeting the strictest regulatory compliance requirements.Powered by Capital Market - Live News

RateGain Travel Technologies announced a strategic partnership between its AI-powered airline pricing solution, AirGain, and Summerwind GSA, a distinguished General Sales Agent (GSA) renowned for its innovative approach to airline representation. This alliance aims to redefine the airline industry, merging AirGain`s advanced pricing intelligence with Summerwind`s deep industry experience and global reach.For over three decades, Summerwind GSA has led the way in commercial aviation services, continuously adapting to meet its clients` evolving needs. With the integration of AirGain`s technology, Summerwind will now offer its airline partners unparalleled access to real-time pricing data and insights from more than 200 sources, including websites, mobile apps, and Global Distribution Systems (GDS). This collaboration represents a significant leap forward in airline representation, enhancing market insight and decision-making agility for airlines within Summerwind`s portfolio.This strategic partnership equips airlines with AI-powered tools to navigate market trends, adjust to pricing fluctuations dynamically, and harness actionable intelligence swiftly. The outcome is a fortified competitive edge and increased profitability in the fast-paced aviation market. Through this synergy, Summerwind and AirGain are setting new standards for operational excellence and customer service in the airline industry. This strategic alliance extends beyond technology integration, embodying a shared vision for redefining industry standards and empowering airlines with sophisticated tools to thrive in today`s competitive environment. It underscores RateGain and Summerwind`s dedication to advancing the commercial aviation sector, promising a brighter, more efficient future for airlines worldwide.Powered by Capital Market - Live News

Rategain Travel Technologies announced that Brightline Trains (Brightline), seamlessly connecting travelers to top destinations and major events between Central and South Florida, has selected AirGain (A RateGain Product) for advanced rail and airline pricing intelligence in the U.S. rail market. AirGain, known for its AI-powered revenue management solutions for airlines, trains, cruises, and online travel agencies (OTAs), offers realtime price intelligence and rate parity solutions, among other services. This partnership enables Brightline to access accurate and real-time competitive pricing insights, bolstering its position in the U.S. rail sector.Powered by Capital Market - Live News