MASTEK Share Price Live blog for 20 Oct 2023
MASTEK stock price went down today, 20 Oct 2023, by -1.29 %. The stock closed at 2355.1 per share. The stock is currently trading at 2324.65 per share. Investors should monitor MASTEK stock price closely in the coming days and weeks to see how it reacts to the news.
MASTEK LTD. - 523704 - Submission Of Half-Yearly Disclosure Of Related Party Transactions
Submission of half-yearly disclosure of related party transactions during the half-year ended September 30, 2023 MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of Earnings Conference Call held today on the Un-audited Financial Results for the Quarter and Half-year ended September 30, 2023. MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper notice published regarding proposed transfer of shares to IEPF Authority Q2FY24 Quarterly Result Announced for Mastek Ltd.
IT Consulting & Software company Mastek announced Q2FY24 results: 1. Financial Performance: - Q2FY24 revenue at Rs 765.5 crore, up by 22.4% YoY - Operating revenue up by 13.5% YoY in constant currency terms - 12 months order backlog grew by 22.3% YoY in rupee terms 2. Operational Performance: - Added 29 new clients in Q2FY24 - 12 months order backlog at Rs 1,861.8 crore (USD 224.2 million) - Total active clients: 441 - Total employees: 5,598 3. Key Wins for the Quarter: - Provided a single sign-on flagship digital program for the UK government - Implemented Oracle cloud solutions in the healthcare industry - Implemented ERP system for a US-based airport hospitality customer - Delivered cloud solutions and implementation services for a European government organization - Implemented Microsoft Dynamics 365 CRM for a leading bank in Southeast Asia - Implemented Oracle ERP for a UK-based international ferry port 4. Acquisition Update: - Mastek completed the acquisition of BizAnalytica, LLC in August 2023 - BizAnalytica brings data cloud and modernization expertise to Mastek 5. Strategic Priorities: - Expanding presence in the Americas, specifically targeting healthcare, retail, and manufacturing sectors - Continued growth in the UK public sector and expansion in Europe and the Middle East - Differentiated talent and delivery model to attract and retain top talent - Value-based delivery to drive business outcomes - Strengthening strategic partnerships, particularly in the Oracle cloud - Focus on innovation, intellectual property, and ESG (Environment, Social, and Governance) Commenting on the Q2FY24 results, Hiral Chandrana, Chief Executive Officer, Mastek, said, “We are glad to report revenue growth of 13.5% YoY in constant currency fueled by organic growth in the US and demand for digital & cloud services. Our 12-month order backlog was USD 224.2 million, a growth of 19.8% Y-o-Y in dollar terms, with a robust Order Book from the UK. Mastek was recognized by Everest Group as Top 5 Global SI’s in Oracle Cloud Applications. We rewarded employees for their contributions and have implemented companywide salary increments during the quarter. We successfully completed the acquisition of BizAnalytica, accelerating our presence in Data Cloud and the fast-evolving Generative AI space.” Arun Agarwal, Chief Financial Officer, Mastek, said, “We reported revenue of Rs 766 crore for the quarter, a growth of 4.4% on a QoQ basis in constant currency driven by momentum in our existing business and integration of BizAnalytica. Despite challenges such as delayed deal closures, we were able to maintain a growth trajectory in the order book. We delivered an operating EBITDA margin of 16.1% in Q2FY24 after incorporating salary hikes across the organization. We are cautious about prevailing macroeconomic conditions, however, our resilient business model, strong pipeline, and improved utilization are encouraging as we execute in H2FY24.” Result PDF MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release and Investor Presentation MASTEK LTD. - 523704 - Board Meeting Outcome for Outcome Of The Proceedings Of Board Meeting Held Today - October 19, 2023
Outcome of the proceedings of Board Meeting held today - October 19, 2023 MASTEK LTD. - 523704 - Un-Audited Financial Results For The Second Quarter And Half-Year Ended September 30, 2023
Unaudited Financial Results MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release titled "The UK''s Government Digital Service (GSD) contracts Mastek to deliver the Technical Service Desk for the One Login Programme" MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Change in Management
Appointment of Senior Management Personnel - Mr. Arvind Jonnalagadda as Global Chief Human Resources Officer (CHRO)