InfoBeans Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 27, 2022 at 12:10 am EST
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InfoBeans Technologies Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 715.9 million compared to INR 441.8 million a year ago. Revenue was INR 741.3 million compared to INR 527.2 million a year ago. Net income was INR 170.6 million compared to INR 143.8 million a year ago. Basic earnings per share from continuing operations was INR 7.07 compared to INR 5.99 a year ago. Diluted earnings per share from continuing operations was INR 7.01 compared to INR 5.99 a year ago.
For the nine months, sales was INR 1,800.2 million compared to INR 1,334.4 million a year ago. Revenue was INR 1,942.4 million compared to INR 1,454.9 million a year ago. Net income was INR 394.2 million compared to INR 268.1 million a year ago. Basic earnings per share from continuing operations was INR 16.34 compared to INR 11.17 a year ago. Diluted earnings per share from continuing operations was INR 16.2 compared to INR 11.17 a year ago.
InfoBeans Technologies Limited is primarily engaged in software development service. The Company specializes in business applications for Web and mobile, and operate at capability maturity model integration (CMMI) level three. The Companyâs verticals are categorized as storage and virtualization, media and publishing and e-commerce, while the business segments include product engineering, digital transformation and automation and development and operations (DevOp). Its digital transformation solutions include cloud, user experience (UX), application modernization, packaged implementation, and enterprise mobility. Its product engineering solutions include robotic process automation (RPA), salesforce, ServiceNow, continuous integration and continuous delivery (CICD) and agile testing framework (ATF), content management system (CMS), automation, and data transformation. It serves markets, such as the United States of America, Middle East, Europe and India.
INFOBEANS TECHNOLOGIES LIMITED 