Expleo Solutions Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 06:05 am EST
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Expleo Solutions Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,502.26 million compared to INR 2,402.1 million a year ago. Revenue was INR 2,615.09 million compared to INR 2,536.25 million a year ago. Net income was INR 340.36 million compared to INR 553.62 million a year ago. Basic earnings per share from continuing operations was INR 21.93 compared to INR 35.67 a year ago. Diluted earnings per share from continuing operations was INR 21.93 compared to INR 35.67 a year ago.
For the nine months, sales was INR 7,094.59 million compared to INR 6,722.2 million a year ago. Revenue was INR 7,208.12 million compared to INR 6,844.66 million a year ago. Net income was INR 747.42 million compared to INR 1,048.25 million a year ago. Basic earnings per share from continuing operations was INR 48.16 compared to INR 67.54 a year ago. Diluted earnings per share from continuing operations was INR 48.16 compared to INR 67.54 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.