New Delhi, May 7 (IANS) IT company Happiest Minds Technologies on Tuesday reported 25 per cent increase in net profit at Rs 72 crore for Q4, as revenue went up 10 per cent to Rs 417 crore.
Ashok Soota, Executive Chairman of Happiest Minds, said that the company is on course towards accomplishing $1 billion in revenues by FY31.
For the full fiscal year (FY24), the net profit increased 7.5 per cent to Rs 248.39 crore as sales grew 13.7 per cent to Rs 1,624 crore.
The board has recommended a final dividend of Rs 3.25 per equity share of face value of Rs 2 for the financial year 2023-24.
“The newly-created GenAI business unit, creation of six new Industry Groups and successful closure of two acquisitions has put us back on course towards accomplishing our long-term vision of $1 billion in revenues by FY31,” said Soota.
Venkatraman Narayanan, MD and CFO, said that the acquisition of PureSoftware Technologies and Macmillan Learning “should help us in our growth story while delivering value to all our stakeholders”.
Late last month, Happiest Minds acquired Noida-based PureSoftware Technologies for Rs 779 crore to strengthen its domain capabilities in banking, financial services, insurance (BFSI) and healthcare and life sciences verticals.
–IANS
na/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
