The strong demand for AI-optimised servers propelled Dell's Infrastructure Solutions Group to a 38 per cent year-over-year (YoY) revenue increase in the second quarter
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In conversation with BW Businessworld, Magellanic Cloud Global CEO Joseph Sudheer Reddy and CFO Sanjay Chauhan discuss Q1 FY25 results, growth prospects in drones, strategic acquisitions and geographic expansion plans
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The decision followed an earlier cut of 5 per cent of workforce or more than 4,000 jobs earlier this year
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In an interview with BW Businessworld, Happiest Minds Technologies’ MD & CFO Venkatraman Narayanan and Executive Vice Chairman Joseph Anantharaju discuss company’s inorganic growth trajectory, future of BFSI vertical and 30-35 per cent growth forecast for FY25
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The revenue for the quarter grew to Rs 463.83 crore, up from Rs 417.29 crore in Q4 FY24
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The growth in profitability comes alongside a substantial 74 per cent rise in operating revenue, which reached Rs 4,206 crore
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The company, based in New Jersey, now expects annual revenue to be between USD 19.3 billion and USD 19.5 billion, an increase from its previous expectations of USD 18.9 billion to USD 19.7 billion
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The company’s profit after tax (PAT) experienced a decline, standing at Rs 105.6 crore, a QoQ de-growth of 4.3 per cent
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In rupee terms, revenue amounted to Rs 1,327.4 crore, a decrease of 2.6 per cent from the March quarter
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Despite this, the company’s adjusted Profit After Tax (PAT) showed a positive trend, increasing by 73 per cent year-on-year (YoY) to Rs 315 crore
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