Expleo Solutions Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 06:35 am EST
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Expleo Solutions Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,341.14 million compared to INR 2,196.06 million a year ago. Revenue was INR 2,357.35 million compared to INR 2,210.1 million a year ago. Net income was INR 205.16 million compared to INR 265.05 million a year ago. Basic earnings per share from continuing operations was INR 13.22 compared to INR 17.08 a year ago. Diluted earnings per share from continuing operations was INR 13.22 compared to INR 17.08 a year ago.
For the six months, sales was INR 4,592.33 million compared to INR 4,320.1 million a year ago. Revenue was INR 4,625.35 million compared to INR 4,342.1 million a year ago. Net income was INR 407.06 million compared to INR 494.63 million a year ago. Basic earnings per share from continuing operations was INR 26.23 compared to INR 31.87 a year ago. Diluted earnings per share from continuing operations was INR 26.23 compared to INR 31.87 a year ago.
Expleo Solutions Limited is an India-based global engineering, technology and consulting service provider. The Company provides software services, which includes software validation and verification services, software development and engineering consultancy services related to aerospace, automotive, defense and rail industry, and banking, financial services and insurance (BFSI). The Company has capabilities in various fields, such as artificial intelligence (AI) engineering, digitalization, hyper-automation, cybersecurity and data science. The Company has invested in four wholly owned subsidiaries in Singapore, the Unites States of America, the United Kingdom and the United Arab Emirates for market development and service delivery in the respective regions. Its subsidiaries include Expleo Solutions Pte. Ltd., Expleo Solutions UK Ltd., Expleo Solutions Inc. and Expleo Solutions FZE.