‘Growth at any cost’ has changed to ‘growth plus showing a path to profit’: Icertis CEO Samir Bodas
Synopsis
The jitters of an impending economic downturn have altered the capital-market requirements for performance, especially for startups like Icertis, which are looking towards an IPO in the near term. In such circumstances, the only way to become profitable while keeping revenue up is to make sure that costs don’t grow as fast as revenue, adds Bodas in a detailed interview.
Fears of a looming recession are slowing down growth in the software-as-a-service (SaaS) segment. Clients are curtailing their spending, and venture capital is less forgiving of losses. Contract-management software company Icertis is trying to balance growth and profitability as it prepares for an initial public offering in the United States, its CEO Samir Bodas tells ET Prime. Bodas talks about the outlook for SaaS firms, Icertis’s path to
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