Happiest Minds Q1 Results: Happiest Minds Q1 Results: Profit rises 58% to Rs 56.34 crore

New Delhi: IT firm on Friday posted a 57.7 per cent enhance in consolidated revenue after tax at Rs 56.34 crore within the June quarter. The corporate had reported a revenue of Rs 35.73 crore within the year-ago interval.

The consolidated revenues from contracts with clients of the corporate grew 34.5 per cent to Rs 328.92 crore throughout the quarter below evaluate. The identical stood at Rs 244.61 crore within the year-ago interval.

“We now have began fiscal yr 2023 displaying trade main efficiency. Our 10-year imaginative and prescient assertion is to be a billion-dollar firm by 2031.

“Consistent with this aim, primarily based on the expansion we’re experiencing and continued demand for digital companies, we’re rising our income steerage for FY23 to 25 per cent whereas focusing on to develop at a CAGR (Compound Annual Development Charge) of 25 per cent over the subsequent 5 years,” Happiest Minds Govt Chairman Ashok Soota mentioned in a press release.