Happiest Minds Technologies reports a 28.3% revenue rise but a 15.3% net profit drop in Q2.

Happiest Minds Technologies, an IT solutions provider, reported a 28.3% year-over-year revenue increase to ₹521.64 crore for the second quarter of fiscal 2025, despite a 15.3% drop in net profit to ₹49.5 crore. The revenue growth is attributed to acquisitions and the launch of a GenAI Business Unit, though net profit was affected by higher salary expenses and investment costs. The company's largest market is the US, accounting for 65.3% of revenue.

November 14, 2024
6 Articles