C. E. Info Systems Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 31, 2023 at 06:07 am EST
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C. E. Info Systems Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 676.6 million compared to INR 433.7 million a year ago. Revenue was INR 782.7 million compared to INR 520.6 million a year ago. Net income was INR 296.4 million compared to INR 185.2 million a year ago. Basic earnings per share from continuing operations was INR 5.53 compared to INR 3.48 a year ago. Diluted earnings per share from continuing operations was INR 5.41 compared to INR 3.41 a year ago.
For the nine months, sales was INR 2,089.8 million compared to INR 1,434 million a year ago. Revenue was INR 2,334 million compared to INR 1,742.3 million a year ago. Net income was INR 792.5 million compared to INR 651.8 million a year ago. Basic earnings per share from continuing operations was INR 14.77 compared to INR 12.24 a year ago. Diluted earnings per share from continuing operations was INR 14.46 compared to INR 12 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 
