Protean eGov Technologies shares fell over 6% despite reporting a 19% year-on-year rise in Q1 FY27 revenue to Rs 251 crore. Profit slumped 75% due to upfront deployment costs and higher procurement expenses, while management highlighted strong growth in new initiatives and a robust, debt-free balance sheet.
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while
October 29, 2026