Birlasoft Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 29, 2024 at 06:24 am EDT
Share
Birlasoft Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 13,625.48 million compared to INR 12,263.88 million a year ago. Revenue was INR 14,082.66 million compared to INR 12,240.79 million a year ago. Net income was INR 1,800.84 million compared to INR 1,121.68 million a year ago. Basic earnings per share from continuing operations was INR 6.48 compared to INR 4.07 a year ago. Diluted earnings per share from continuing operations was INR 6.39 compared to INR 4.02 a year ago.
For the full year, sales was INR 52,781.45 million compared to INR 47,947.69 million a year ago. Revenue was INR 53,816.51 million compared to INR 48,175.8 million a year ago. Net income was INR 6,237.6 million compared to INR 3,315.84 million a year ago. Basic earnings per share from continuing operations was INR 22.54 compared to INR 11.96 a year ago. Diluted earnings per share from continuing operations was INR 22.25 compared to INR 11.92 a year ago.
Birlasoft Limited is an India-based company, which provides cloud, artificial intelligence (AI), and digital technologies, combining domain expertise with enterprise solutions. The Company provides software development, global information technology (IT) consulting to its clients, predominantly in banking, financial services and insurance, life sciences and services, energy resources and utilities and manufacturing (which mainly includes discrete manufacturing, hi-tech & media, auto and consumer packaged goods) verticals. The Company's services include digital, enterprise technologies and services, and cloud and infrastructure. Its digital services include customer experience, data analytics, connected products, intelligent automation, cloud, blockchain and generative AI. Its enterprise technologies and services include Oracle and JD Edwards, SAP, Infor, Microsoft, PTC, AWS and Google Cloud. Its Cloud and Infrastructure services include OneCloud, Anywhere Workplace and Cybersecurity.