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Mastek Named a Major Contender in the Everest Group's Oracle Cloud Applications Services PEAK Matrix® Assessment 2023

Posted On: 2023-09-13 12:38:35 (Time Zone: IST)

Mastek (NSE:MASTEK; BSE: 523704), a turnkey and trusted digital engineering and cloud transformation partner, announced that it has been named a Major Contender by the global analyst firm Everest Group in its 'Oracle Cloud Applications Services PEAK Matrix® Assessment 2023'.

The PEAK Matrix® Assessment report analyzed 21 Oracle Cloud Applications (OCA) service providers and recognized Mastek based on its overall OCA capabilities, client feedback, vision, and market impact. The report highlights Mastek's expertise in delivering time-to-value by leveraging reusable software assets and implementing vertical-specific best practices.

"The increasing demand for Oracle Cloud Applications is clearly indicated by the growth in both Oracle Cloud revenues and service provider OCA revenues. Enterprises are increasingly embracing it as an endto-end transformation solution that goes beyond simple back-office modernization. With its enhanced offerings, OCA is emerging as a preferred choice for large and complex transformation projects," said Abhishek Mundra, Practice Director, Everest Group. "Mastek has made meaningful investments in solutions and accelerators tailored to specific industries, further bolstering its implementation capabilities. Moreover, Mastek has showcased strong proof-points across diverse industries, such as BFSI, retail, and life sciences. Collectively, these capabilities have helped position Mastek as a Major Contender on Everest Group's Oracle Cloud Applications Services PEAK Matrix® Assessment 2023."

Mr. Hiral Chandrana, CEO at Mastek Group, said, "We are pleased to be recognized by the Everest Group for our Oracle Cloud capabilities and outcomes that align with our clients' objectives. With strategic investments, key solution accelerators, and continuous upskilling of our Oracle Cloud experts, we look forward to delivering customer success globally."

The PEAK Matrix® Assessment report acknowledges Mastek's Value-Based Delivery (VBD) framework and industry-specific accelerators, including Enterprise Workforce Scheduler, Warehouse 360, and PayPer-Visit, to deliver value across diverse industries.

Shares of Mastek Limited was last trading in BSE at Rs. 2393.70 as compared to the previous close of Rs. 2411.85. The total number of shares traded during the day was 5041 in over 1174 trades.

The stock hit an intraday high of Rs. 2430.00 and intraday low of 2280.20. The net turnover during the day was Rs. 11900464.00.

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