Mastek Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended Sept. 30, 2018
November 05, 2018 at 11:42 am EST
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Mastek Limited reported unaudited consolidated earnings results for the second quarter and six months ended Sept. 30, 2018. For the quarter, on consolidated basis, the company reported operating revenue for the quarter under review was INR 2,425 million, an increase of 5.7% in rupee terms and up 1.3% and 11.3% in constant currency from INR 1,990 million in second quarter of 2018. Total revenue for the quarter under review was INR 2,516 million, an increase of 24.7% in rupee terms from INR 2,017 million in second quarter of 2018. Net profit stood at INR 264 million in second quarter of 2019 as compared to INR 107 million in second quarter of 2018.
For the nine months, The operating revenue was INR 4,719 million during the half year period under review as compared to INR 3,817 million in the corresponding period of previous year reflecting a growth of 23.6% in rupee terms and 15.2% in constant currency. Total revenue was INR 4,879 million during the half year period under review as compared to INR 3,861 million in the corresponding period of previous year reflecting a growth of 26.4% in rupee terms. Net profit stood at INR 414 million for first half 2019 as against INR 57 million in the corresponding period of previous year reflecting a growth of 631.8% in rupee terms.
Mastek Limited is an enterprise digital and cloud transformation specialist. The Company is a provider of vertically focused enterprise technology solutions. It operates through four segments: United Kingdom & Europe operations, North America operations, Middle East operations, and Others. The portfolio of its offerings includes business and technology services, which consist of application development, application maintenance, business intelligence and data warehousing, and legacy modernization. Its services include digital application and cloud Engineering, oracle cloud and enterprise applications, digital commerce and experience, data, automation and artificial intelligence, and cloud enhancement services. It caters to various industries, including public sector and government, healthcare and life sciences, retail and consumer, manufacturing, and industrial, and financial services. It carries out its operations in India and has its software development centers in India.