Birlasoft Ltd.(NSE: BIRLASOFT)|Q3 FY23 Results Out|Total Income rises 14% yoy

Birlasoft ltd.(NSE: BIRLASOFT) is a leading Indian information technology (IT) services company that provides a wide range of digital and technology-based solutions to clients globally. It was established in 2000 and is a subsidiary of the conglomerate, the CK Birla Group. The company offers services in areas such as digital transformation, enterprise resource planning (ERP), customer experience management, and cloud computing, among others. Birlasoft operates globally with a presence in North America, Europe, and Asia. The company’s clients include leading organizations across various industries such as manufacturing, financial services, healthcare, and telecommunications.

Birlasoft Ltd reported revenue of INR 1,234 Crore in Q3FY23, an increase of 14.0% YoY. The EBITDA was INR 7.4 Crore and PAT was INR 16.4 Crore, both impacted by a one-time provision. The CEO, Mr. Angan Guha, stated that the company’s revenues grew, deal wins were strong at $231 million TCV for the quarter, and the company is making investments for future growth.