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IT has been the lone warrior for the bulls off late. Recently we got the FY19 outlook from NASSCOM as well, which sees high single digit growth for IT exports. In an interview with CNBC-TV18, Abhishek Singh, Group CFO of Mastek shared his thoughts on the outlook. The company also posted Q3 numbers, which appear steady.
For Mastek, revenue growth was a big miss in Q2 as North American business and revenue from other segments was muted. In an interview to CNBC-TV18, John Owen, Group CEO, Mastek spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Sudhakar Ram, MD & Group CEO of Mastek spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Sudhakar Ram, MD & Group CEO of Mastek spoke about the results and his outlook for the company.
Fifty percent of our revenues comes from the government verticals, CEO Sudhakar Ram told CNBC-TV18.
In an interview with CNBC-TV18, Sudhakar Ram, MD & CEO of Mastek said elections in UK affected the June quarter topline growth.
Mastek's third quarter (October-December) profit after tax surged five-times sequentially to Rs 8.7 crore on strong operational performance.
Mastek reports steady Q3 earnings
Sudhakar Ram, CMD & CEO says this quarter around 80 percent of the business came from strategic high value, high margin kind of business both from the government and insurance business.
Group CFO and Director Finance, Farid Kazani of Mastek says that the quarterly results were disappointing on the back of completion of projects in UK. Foreseen ramp down in operations also resulted in a drop in revenues.
Mastek has announced its quarterly results. CFO Farid Kazani explains to CNBC-TV18 about the various aspects of the company‘s performance during the quarter.
In an interview with CNBC-TV18, Farid Kazani, group chief financial officer of Mastek said, in Q4, the bottom-line has been pretty flat. He further said, both the revenue and the bottom-line got impacted because of the ramp down in the Capita deal. That, he said, is going to continue going forward.