Expleo Solutions Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 12:03 pm EDT
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Expleo Solutions Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 2,310.75 million compared to INR 1,955.39 million a year ago. Revenue was INR 2,349.38 million compared to INR 2,013.59 million a year ago. Net income was INR 290.63 million compared to INR 217.43 million a year ago. Basic earnings per share from continuing operations was INR 18.73 compared to INR 14.01 a year ago. Diluted earnings per share from continuing operations was INR 18.73 compared to INR 14.01 a year ago.
For the full year, sales was INR 9,032.95 million compared to INR 7,425.35 million a year ago. Revenue was INR 9,194.04 million compared to INR 7,485.7 million a year ago. Net income was INR 1,338.88 million compared to INR 676.78 million a year ago. Basic earnings per share from continuing operations was INR 86.27 compared to INR 43.61 a year ago. Diluted earnings per share from continuing operations was INR 86.27 compared to INR 43.61 a year ago.
Expleo Solutions Limited is an India-based global engineering, technology and consulting service provider. The Company provides software services, which includes software validation and verification services, software development and engineering consultancy services related to aerospace, automotive, defense and rail industry, and banking, financial services and insurance (BFSI). The Company has capabilities in various fields, such as artificial intelligence (AI) engineering, digitalization, hyper-automation, cybersecurity and data science. The Company has invested in four wholly owned subsidiaries in Singapore, the Unites States of America, the United Kingdom and the United Arab Emirates for market development and service delivery in the respective regions. Its subsidiaries include Expleo Solutions Pte. Ltd., Expleo Solutions UK Ltd., Expleo Solutions Inc. and Expleo Solutions FZE.