C. E. Info Systems Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 27, 2022 at 08:32 am EDT
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C. E. Info Systems Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 763.1 million compared to INR 566.8 million a year ago. Revenue was INR 838.5 million compared to INR 701.6 million a year ago. Net income was INR 254.1 million compared to INR 253.9 million a year ago. Basic earnings per share from continuing operations was INR 4.73 compared to INR 4.77 a year ago. Diluted earnings per share from continuing operations was INR 4.64 compared to INR 4.67 a year ago.
For the six months, sales was INR 1,413.2 million compared to INR 1,000.3 million a year ago. Revenue was INR 1,551.2 million compared to INR 1,225 million a year ago. Net income was INR 495.9 million compared to INR 459.6 million a year ago. Basic earnings per share from continuing operations was INR 9.24 compared to INR 8.63 a year ago. Diluted earnings per share from continuing operations was INR 9.06 compared to INR 8.46 a year ago.
CE Info Systems Ltd. is an India-based provider of digital maps, geospatial software and location-based Internet of things (IoT) technologies. The Company's segment is Map data and Map data related services. Its business mainly consists of products like digital map data, GPS navigation and location-based services, licensing, royalty, annuity, subscription and customizing its products for customers. It offers digital maps as a service, software as a service and platform as a service, including its digital map data, software products, platforms, application programming interfaces (APIs), IoT and solutions to tech companies, large businesses, automotive original equipment manufacturers, government organizations, developers, and consumers. The Company's geographic information system and geo-analytics platforms include Insight and mGIS. These consist of location-based APIs capable of ingesting, processing, publishing, visualizing, and analyzing geospatial data to provide locations.