Mastek Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 01, 2021 at 11:19 pm IST
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Mastek Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 4,467.6 million compared to INR 2,532.3 million a year ago. Net income was INR 574.2 million compared to INR 260.1 million a year ago. Basic earnings per share from continuing operations was INR 23.22 compared to INR 10.79 a year ago. Diluted earnings per share from continuing operations was INR 22.24 compared to INR 10.22 a year ago. For the nine months, total revenue was INR 12,633.2 million compared to INR 7,586.2 million a year ago. Net income was INR 1,488 million compared to INR 748.7 million a year ago. Basic earnings per share from continuing operations was INR 60.71 compared to INR 31.16 a year ago. Diluted earnings per share from continuing operations was INR 58.14 compared to INR 29.47 a year ago.
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.