Earnings | 3i Infotech Limited (NSE: 3IINFOLTD): Q4FY23 Results Out; Total Income rises 11% YoY.

3i Infotech Limited is an Indian information technology company that provides a range of services, including application development, implementation and maintenance, infrastructure management, and business process outsourcing. The company operates in several industries, including banking and finance, insurance, manufacturing, retail, and government. With a global presence in over 50 countries, 3i Infotech has a diverse portfolio of clients, including Fortune 500 companies. The company has also expanded into the blockchain and digital payments space, offering solutions for secure transactions and fraud prevention. In recent years, 3i Infotech has focused on improving profitability and strengthening its product offerings to remain competitive in the industry.
• 3i Infotech Limited reported Total Income for Q4 FY23 of ₹194 Crore up from ₹175 Crore year on year, a growth of 11%.
• Total Expenses for Q4 FY23 of ₹205 Crore up from ₹179 Crore year on year, a growth of 14%.
• Consolidated Net Loss of ₹27 Crore, down 575% from ₹4 Crore in the same quarter of the previous year.
• The Earnings per Share is ₹-1.62, down 604% from ₹-0.23 in the same quarter of the previous year.