InfoBeans Technologies Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 12, 2023 at 02:30 am EDT
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InfoBeans Technologies Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 919.5 million compared to INR 913.9 million a year ago. Revenue was INR 968.2 million compared to INR 947.4 million a year ago. Net income was INR 47.4 million compared to INR 160.2 million a year ago. Basic earnings per share from continuing operations was INR 1.95 compared to INR 6.63 a year ago. Diluted earnings per share from continuing operations was INR 1.94 compared to INR 6.57 a year ago.
For the full year, sales was INR 3,853.2 million compared to INR 2,714.1 million a year ago. Revenue was INR 3,988.4 million compared to INR 2,889.8 million a year ago. Net income was INR 359.6 million compared to INR 549.8 million a year ago. Basic earnings per share from continuing operations was INR 14.83 compared to INR 22.75 a year ago. Diluted earnings per share from continuing operations was INR 14.74 compared to INR 22.57 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.