Categories Earnings, Research Summary, Technology

Mastek Limited Q3FY23 Earnings Story

Mastek Ltd. 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.

Financial Results:

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.

Most Popular

Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,

Top