Happiest Minds Technologies Limited, a leading provider of technology solutions, reported its financial results for the third quarter of 2023. The company’s revenue for the quarter came in at ₹366.88 Crore, an impressive 29% increase from the same period last year. This strong revenue growth was driven by the PES segment which improved by 29.1% in this quarter. Comparing the other segments, IMBSS & DBS also improved by 25.1% & 32.4% year on year, respectively.
The company’s earnings per share (EPS) also saw a significant increase, coming in at ₹3.98, a 18% increase from Q3 2022. This was due to a combination of the revenue growth and the company’s ongoing efforts to control its expenses. The company’s net income also saw a boost, coming in at ₹57.58, a 18% increase from the same period last year. Overall, the company had a very positive quarter and delivered a strong performance in Q3 2023.