Mastek ltd.(NSE : MASTEK) is a global IT services and solutions provider that offers services such as software development, testing, maintenance, and support. The company provides solutions across various domains including insurance, government, manufacturing, and retail. It has a diversified service portfolio, which includes enterprise solutions, digital solutions, and managed services. The company operates in multiple geographies including North America, Europe, and Asia-Pacific.
Mastek has released its Q3 FY23 results, reporting a 20% increase in revenue YoY, reaching Rs 658.7 crore. The operating revenue also increased by 5.3% QoQ. In addition, the company has reported a 34.2% YoY increase in 12 months order backlog in rupee terms, indicating a strong demand for its services. They have also added 31 new clients in the quarter, which can be seen as a positive sign for the company’s growth. The company has also recommended an interim dividend of 140%. Overall, the results indicate that Mastek is performing well financially, with strong growth in revenue and new clients.