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9h agoIntellect Design Arena Ltd profit nearly doubles as AI-finance deals surge
Intellect Design Arena reported that its Q2 profit nearly doubled year-on-year, supported by a 34% rise in revenue tied to its AI-driven finance-software platform and global deals funnel crossing ₹120 billion (~US$1.37 billion). The Bengaluru-based fintech group said it sees strong momentum in the banking and insurance verticals, especially for open-finance solutions and enterprise-AI platforms. The company’s stock rallied ~7% on the announcement. Analysts say this underscores the shift in Indian software firms towards domain-specific AI solutions.
positive
9h agoIntellect Design Arena Ltd profit nearly doubles as AI-finance deals surge
Intellect Design Arena reported that its Q2 profit nearly doubled year-on-year, supported by a 34% rise in revenue tied to its AI-driven finance-software platform and global deals funnel crossing ₹120 billion (~US$1.37 billion). The Bengaluru-based fintech group said it sees strong momentum in the banking and insurance verticals, especially for open-finance solutions and enterprise-AI platforms. The company’s stock rallied ~7% on the announcement. Analysts say this underscores the shift in Indian software firms towards domain-specific AI solutions.
positive
Intellect Design Arena Ltd profit nearly doubles as AI-finance deals surge
about 9 hours ago
1 min read
77 words
Intellect Design Arena’s Q2 profit almost doubled thanks to strong AI-finance deal momentum and rising software revenue.
Intellect Design Arena reported that its Q2 profit nearly doubled year-on-year, supported by a 34% rise in revenue tied to its AI-driven finance-software platform and global deals funnel crossing ₹120 billion (~US$1.37 billion). The Bengaluru-based fintech group said it sees strong momentum in the banking and insurance verticals, especially for open-finance solutions and enterprise-AI platforms. The company’s stock rallied ~7% on the announcement. Analysts say this underscores the shift in Indian software firms towards domain-specific AI solutions.
Intellect Design Arena reported that its Q2 profit nearly doubled year-on-year, supported by a 34% rise in revenue tied to its AI-driven finance-software platform and global deals funnel crossing ₹120 billion (~US$1.37 billion). The Bengaluru-based fintech group said it sees strong momentum in the banking and insurance verticals, especially for open-finance solutions and enterprise-AI platforms. The company’s stock rallied ~7% on the announcement. Analysts say this underscores the shift in Indian software firms towards domain-specific AI solutions.
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Oct 31, 2025 • 14:20 IST