Mastek Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 19, 2023 at 05:12 am EDT
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Mastek 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 7,655.4 million compared to INR 6,253 million a year ago. Revenue was INR 7,703.7 million compared to INR 6,322.1 million a year ago. Net income was INR 628.2 million compared to INR 791 million a year ago. Basic earnings per share from continuing operations was INR 20.52 compared to INR 26.31 a year ago. Diluted earnings per share from continuing operations was INR 20.28 compared to INR 25.81 a year ago.
For the six months, sales was INR 14,907.9 million compared to INR 11,955.5 million a year ago. Revenue was INR 14,979.8 million compared to INR 12,282.2 million a year ago. Net income was INR 1,329.1 million compared to INR 1,562.6 million a year ago. Basic earnings per share from continuing operations was INR 43.47 compared to INR 52.01 a year ago. Diluted earnings per share from continuing operations was INR 42.97 compared to INR 51 a year ago.
Mastek Limited is an enterprise digital and cloud transformation specialist. The Company is a provider of vertically focused enterprise technology solutions. It operates through four segments: United Kingdom & Europe operations, North America operations, Middle East operations, and Others. The portfolio of its offerings includes business and technology services, which consist of application development, application maintenance, business intelligence and data warehousing, and legacy modernization. Its services include digital application and cloud Engineering, oracle cloud and enterprise applications, digital commerce and experience, data, automation and artificial intelligence, and cloud enhancement services. It caters to various industries, including public sector and government, healthcare and life sciences, retail and consumer, manufacturing, and industrial, and financial services. It carries out its operations in India and has its software development centers in India.
MASTEK LIMITED 
