Happiest Minds Technologies Ltd’s March quarter net profit up 44.5% over a year ago 36.2% to . 52.1 crore on the back of strong revenue growth of 300.6 crore
The Bengaluru-based company’s dollar revenue for the March quarter jumped nearly 32% to $39.9 million from a year ago as companies across industries continued to invest in digital technologies. For FY22, revenue grew 40.2% to $146.6 million.
“The rapid adoption of digital technologies is forcing companies to rapidly innovate across industries and take advantage of new technologies and paradigms to enhance customer experience. Our deep expertise in the building blocks of digital such as IoT, AI, cloud and RPA, as well as next generation technologies such as blockchain, AR/VR and robotics, have made us the strategic partner of choice for many of these companies. “Leading to strong demand and deep long-lasting relationships,” said Joseph Anantharaju, executive vice president of Happiest Minds.
The company added 11 customers during the March quarter, taking the total number of customers to 206 as of March 31.
For the March quarter, on a 12-month basis, it grew marginally to 22.7% from 21.1% in the previous three months, indicating that demand for tech talent continues to outpace supply, an industry-wide trend. Happiest Minds employed a total of 4,168 employees as of March 31.