InfoBeans Technologies Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 04, 2022 at 12:10 pm IST
Share
InfoBeans Technologies Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 994.6 million compared to INR 565.1 million a year ago. Revenue was INR 1,015.9 million compared to INR 645.8 million a year ago. Net income was INR 102.3 million compared to INR 116.6 million a year ago. Basic earnings per share from continuing operations was INR 4.24 compared to INR 4.84 a year ago. Diluted earnings per share from continuing operations was INR 4.21 compared to INR 4.79 a year ago.
For the six months, sales was INR 1,956.5 million compared to INR 1,084.3 million a year ago. Revenue was INR 1,999.1 million compared to INR 1,201.1 million a year ago. Net income was INR 218.8 million compared to INR 222.2 million a year ago. Basic earnings per share from continuing operations was INR 9.04 compared to INR 9.22 a year ago. Diluted earnings per share from continuing operations was INR 8.99 compared to INR 9.13 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.