Birlasoft Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 24, 2024 at 05:46 am EST
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Birlasoft 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 13,429.51 million compared to INR 12,218.92 million a year ago. Revenue was INR 13,711.17 million compared to INR 12,342.58 million a year ago. Net income was INR 1,610.58 million compared to net loss of INR 163.61 million a year ago. Basic earnings per share from continuing operations was INR 5.82 compared to basic loss per share from continuing operations of INR 0.59 a year ago. Diluted earnings per share from continuing operations was INR 5.73 compared to diluted loss per share from continuing operations of INR 0.59 a year ago.
For the nine months, sales was INR 39,155.97 million compared to INR 35,683.81 million a year ago. Revenue was INR 39,733.85 million compared to INR 35,935.01 million a year ago. Net income was INR 4,436.76 million compared to INR 2,194.16 million a year ago. Basic earnings per share from continuing operations was INR 16.05 compared to INR 7.9 a year ago. Diluted earnings per share from continuing operations was INR 15.83 compared to INR 7.88 a year ago.
Birlasoft Limited is an India-based company, which is engaged in providing information and communication, computer programming, consultancy, and related activities. The Company provides a range of services, which includes digital and enterprise technologies and services. Its digital services include data analytics, connected products, intelligence automation, connected products, cloud, and blockchain. Its enterprise technologies and services include customer relationship management, manufacturing, execution systems, product lifecycle management, supply chain management, information technology (IT) transformation, applications management, testing, infrastructure, and cloud technology. Its solutions include intelliAsset, TruView contract lifecycle management (CLM), Supplier Risk Rader, submission automation, and AKOYA. It serves various industries, which include automotive, banking, manufacturing, capital markets, insurance, media and entertainment, energy and resources, and others.