Happiest Minds Technologies Ltd - 543227 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Publication of financial results for the quarter and half year ended September 30, 202319-10-2023
19-10-2023
Happiest Minds to pump investments for new GenAI business unit
The company believes Generative AI will help them penetrate into new accounts and even expand the service ambit for existing customers19-10-2023
Happiest Minds Technologies Ltd - 543227 - Audio Recording Of Earnings Call For The Quarter And Half Year Ended September 30, 2023
Audio recording of earnings call for the quarter and half year ended September 30, 202318-10-2023
Happiest Minds Technologies Results Earnings Call for Q2FY24
Conference Call with Happiest Minds Technologies Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.18-10-2023
Q2FY24 Quarterly Result Announced for Happiest Minds Technologies Ltd.
IT Consulting and Software company Happiest Minds Technologies announced Q2FY24 results: 1. Financial Performance: - Happiest Minds reports industry-leading growth of 11.6% YoY in constant currency. - EBITDA grew by 11.1% YoY to Rs 105 crore. - Strong EBITDA margin of 24.4%. - Total Income of Rs 42,883 lakhs, a growth of 6.0% QoQ and 19.3% YoY. - PAT of Rs 5,846 lakhs for the quarter. 2. Business Outlook: - Revised revenue growth guidance for the year to 12% on an organic basis. - Retaining EBITDA guidance of 22% to 24%. - Long-term growth aspiration of becoming a billion-dollar enterprise by 2031. - Initiating a Generative AI business unit (GBS) to capitalize on the transformative impact of AI. 3. Operational Highlights: - Trailing 12 months attrition of 14.4%. - Utilization of 75.6%. - Net addition of 237 employees in the quarter. - 7 new client additions, reaching a total of 244 clients. 4. Key Project Wins: - Chosen by a large online retailer to design interactive user interfaces and provide automation services for their IoT division. - Selected by a global fabless semiconductor company for ASIC Design and verification services. - Partnership with a large utilities company in the US to provide data engineering and governance services. - Engaged by a leading warehouse club operator in the US for security assessment services. Ashok Soota, Executive Chairman, said, “Happiest Minds continues to lead the industry on growth and profitability metrics. We have yet again delivered a quarter of superior performance on all fronts. Separately, I would like to express my gratitude to all Happiest Minds and stakeholders for completing our 12th anniversary. We had given revenue growth guidance for the year of 25% without making a distinction between organic and inorganic growth. Based on an assessment of market trends we are revising our revenue growth guidance for the year to 12% on an organic basis. Additional growth, if any, due to acquisition will be over and above this guidance. We retain our EBITDA guidance of 22% to 24% and remain committed to our long-term growth aspiration of becoming a billion-dollar enterprise by 2031. I am happy to announce a major new organizational and strategic initiative for Happiest Minds. We are starting with the immediate effect of a Generative AI business unit (GBS) to capitalize on the transformative impact of Generative AI. The existing PES and DBS businesses will be combined into the PDES business unit. There will be no change in IMSS. We will therefore retain 3 BUs: PDES, IMSS, and GBS.” Result PDF18-10-2023
Happiest Minds Technologies Ltd - 543227 - Intimation Of Record Date For Interim Dividend
Intimation of record date for interim dividend17-10-2023
Happiest Minds Technologies Ltd - 543227 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Happiest Minds establishes a new business unit focused on Generative AI.17-10-2023
Happiest Minds Technologies Ltd - 543227 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Happiest Minds announces the formation of Product and Digital Engineering Services (PDES) business Unit17-10-2023
Happiest Minds Technologies Ltd - 543227 - Financial Results With Auditor''s Report (With UDIN) For The Quarter And Half Year Ended As On Sept 30, 2023
Financial results with Auditor''s report (With UDIN) for the quarter and half year ended as on Sept 30, 202317-10-2023
Happiest Minds Technologies Ltd - 543227 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Financial results for the quarter and half year ended as on Sept 30, 2023.17-10-2023