Shares in 8K Miles Software Services fell more than 30% this week. The company's chairman and chief executive officer Suresh Venkatachari spoke to CNBC-TV18 about the latest developments in the firm and shared the outlook.

About the delay in releasing fourth-quarter results, Venkatachari said, “There is no auditor problem or no issues. We adapted the Indian Accounting Standards (Ind AS) for the consolidated first time this year so it will take a little longer. We announced the news last night that we will be releasing our consolidated financial on July 17.”

“Going forward we do not anticipate any delays and we would be able to even release our first quarter results quickly,” he added.

On business front, he said, “The company is doing great, the asset business – we are expanding very well. We have lined up a lot of new accounts, we have opened up multinational accounts very recently also. So we are growing in our both healthcare and pharma sector.”

First Published:Jul 3, 2018 12:16 PM IST