For the full fiscal year FY24, Redington reported revenues of Rs 89,610 crore, reflecting 13 per cent YoY growth, with a PAT of Rs 1,219 crore
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According to Scott Herren, Cisco’s Chief Financial Officer, customer demand has stabilised, aligning with the company’s expectations
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This growth in profitability is complemented by a notable growth in revenue from operations, which stood at Rs 950.7 crore, up from Rs 849.7 crore in Q4 FY23
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Consolidated revenue from operations stood at Rs 9,454 crore for the quarter, reflecting a 3.2 per cent year-on-year (YoY) decline from Rs 9,765 crore reported in the corresponding period of the previous financial year
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The company’s revenue from operations also depicted a mixed pattern during the same period, recording a 4 per cent year-on-year dip to Rs 222 crore from Rs 232 crore
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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 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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During the Q4 earnings, Coforge announced that it has signed a definitive agreement to acquire Cigniti Technologies
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The company's profit growth during this period was primarily driven by an increase in non-core income, improved operating margins and reduced employee expenses
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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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