Saksoft Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 01:40 pm IST
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Saksoft 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 1,820.55 million compared to INR 1,390.92 million a year ago. Revenue was INR 1,827.29 million compared to INR 1,422.16 million a year ago. Net income was INR 249.89 million compared to INR 175.51 million a year ago. Basic earnings per share from continuing operations was INR 2.49 compared to INR 1.76 a year ago. Diluted earnings per share from continuing operations was INR 2.29 compared to INR 1.61 a year ago.
For the full year, sales was INR 6,656.04 million compared to INR 4,804.3 million a year ago. Revenue was INR 6,750.34 million compared to INR 4,915.03 million a year ago. Net income was INR 819.78 million compared to INR 632.62 million a year ago. Basic earnings per share from continuing operations was INR 8.18 compared to INR 6.34 a year ago. Diluted earnings per share from continuing operations was INR 7.53 compared to INR 5.83 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.