The mid-tier IT firm expects this acquisition to enhance its data and analytics capabilities
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Happiest Minds reported a Total Income of Rs 44,250 lakh for the quarter, up by 1.9 per cent from the previous quarter and 14.5 per cent YoY
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The IITM Pravartak Technologies Foundation and IIT Madras Incubation Cell incubated startup claims that the new high-performance microcontroller is set to disrupt the market by being priced 30 per cent lower than its competitors
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The downturn in profits comes alongside a decrease in revenue from operations YoY, which dropped by 7 per cent from Rs 1,402 crore in Q4FY23 to Rs 1,301 crore in Q4FY24
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The company’s revenue for the quarter also saw a rise, growing by 29 per cent YoY to reach Rs 13,178 crore, compared to Rs 10,173.7 crore in the previous year
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The acquisition adds approximately 1,200 skilled professionals to Happiest Minds’ workforce
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