Saksoft Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 07, 2023 at 04:21 am EST
Share
Saksoft 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 1,904.11 million compared to INR 1,638.45 million a year ago. Revenue was INR 1,921.76 million compared to INR 1,669.71 million a year ago. Net income was INR 252.77 million compared to INR 193.21 million a year ago. Basic earnings per share from continuing operations was INR 2.51 compared to INR 1.93 a year ago. Diluted earnings per share from continuing operations was INR 2.3 compared to INR 1.78 a year ago.
For the six months, sales was INR 3,738.83 million compared to INR 3,118.67 million a year ago. Revenue was INR 3,772.08 million compared to INR 3,181.68 million a year ago. Net income was INR 504.31 million compared to INR 371.25 million a year ago. Basic earnings per share from continuing operations was INR 5.02 compared to INR 3.71 a year ago. Diluted earnings per share from continuing operations was INR 4.59 compared to INR 3.42 a year ago.
Saksoft Limited is an India-based technology services provider. The Company is engaged in providing digital transformation solutions to help businesses. The Company provides a niche technology specialist that provides a comprehensive suite of business transformation, information management, application development and testing services. The Company also provides technology services to companies in the industry verticals of fintech, logistics and transportation, healthtech and utilities. Its services include application engineering, data analytics, testing and quality assurance (QA), and cloud, infra and security. It has also developed cutting-edge healthcare products and solutions for its clients worldwide. It leverages its technology services capabilities to help companies in the utilities industry vertical with mission-critical custom-developed solutions. Its subsidiaries include Saksoft Inc, Saksoft Pte Limited, Saksoft Solutions Limited and others.