C. E. Info Systems Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 06:39 am EDT
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C. E. Info Systems Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 910.8 million compared to INR 763.1 million a year ago. Revenue was INR 993 million compared to INR 838.5 million a year ago. Net income was INR 330.4 million compared to INR 254.1 million a year ago. Basic earnings per share from continuing operations was INR 6.11 compared to INR 4.73 a year ago. Diluted earnings per share from continuing operations was INR 6.07 compared to INR 4.64 a year ago.
For the six months, sales was INR 1,804.9 million compared to INR 1,413.2 million a year ago. Revenue was INR 1,968.3 million compared to INR 1,551.2 million a year ago. Net income was INR 652.6 million compared to INR 495.9 million a year ago. Basic earnings per share from continuing operations was INR 12.08 compared to INR 9.24 a year ago. Diluted earnings per share from continuing operations was INR 11.98 compared to INR 9.06 a year ago.
CE Info Systems Ltd. is an India-based provider of digital maps, geospatial software and location-based Internet of things (IoT) technologies. The Company's segment is Map data and Map data related services. Its business mainly consists of products like digital map data, GPS navigation and location-based services, licensing, royalty, annuity, subscription and customizing its products for customers. It offers digital maps as a service, software as a service and platform as a service, including its digital map data, software products, platforms, application programming interfaces (APIs), IoT and solutions to tech companies, large businesses, automotive original equipment manufacturers, government organizations, developers, and consumers. The Company's geographic information system and geo-analytics platforms include Insight and mGIS. These consist of location-based APIs capable of ingesting, processing, publishing, visualizing, and analyzing geospatial data to provide locations.
C. E. INFO SYSTEMS LIMITED 
