Indian Economy News

Ricoh launches cloud-enabled imaging solution Picasso in India

Ricoh India Limited, a wholly-owned subsidiary of Japanese imaging and electronics major Ricoh, today launched Picasso (Patient is Central to this Advanced Solution and Service Offering), a web-based, multi-specialty cloud-enabled solution, in the domestic market.

"Picasso, being offered on a pay-per-use basis, minimises cost of clinical imaging to radiologists, consultants and hospitals and provides remote access to doctors. In addition, it provides anytime-anywhere access to medical images to patients, enabling them to access images on any mobile device, or laptops," Manoj Kumar, managing director and chief executive of Ricoh India, told mediapersons here.

Ricoh India achieved a turnover of Rs 1,637 crore in the last financial year. While its IT services business contributes 60% to its revenues and imaging division 37%, the communications division, which was added to the portfolio a year ago, accounts for the remaining.

"We have been growing at a compound annual growth rate of around 56% since the last four years. We are hopeful of sustaining that growth rate this year as well," Kumar said.

Ricoh India Limited's scrip is currently trading at Rs 870 on the BSE, down% 0.68, over the previous close of Rs 876 per share.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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