Mastek Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 17, 2019 at 02:47 pm IST
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Mastek Limited announced Unaudited Consolidated earnings results for the third quarter and nine months ended December 31, 2018. For the third quarter, the company announced total revenue was INR 2,710.200 million compared to INR 2,153.300 million a year ago. Net income was INR 265.200 million compared to INR 184.300 million a year ago. Basic earnings per share was INR 11.12 compared to INR 7.82 a year ago. Diluted earnings per share was INR 10.48 compared to INR 7.48 a year ago.
For the nine months, total revenue was INR 7,839.600 million compared to INR 6,074.000 million a year ago. Net income was INR 740.800 million compared to INR 505.800 million a year ago. Basic earnings per share was INR 31.14 compared to INR 21.54 a year ago. Diluted earnings per share was INR 29.36 compared to INR 20.61 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.