Mastek Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 17, 2023 at 06:28 am
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Mastek 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 6,586.6 million compared to INR 5,519.1 million a year ago. Revenue was INR 6,646.9 million compared to INR 5,576.5 million a year ago. Net income was INR 641.8 million compared to INR 736.4 million a year ago. Basic earnings per share from continuing operations was INR 21.34 compared to INR 24.81 a year ago. Diluted earnings per share from continuing operations was INR 20.95 compared to INR 24.17 a year ago.
For the nine months, sales was INR 18,542.1 million compared to INR 16,023.1 million a year ago. Revenue was INR 18,929.1 million compared to INR 16,204.6 million a year ago. Net income was INR 2,204.4 million compared to INR 2,152.3 million a year ago. Basic earnings per share from continuing operations was INR 73.34 compared to INR 79.73 a year ago. Diluted earnings per share from continuing operations was INR 71.95 compared to INR 77.41 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.