IT Consulting & Software company Sasken Technologies announced Q2FY24 results:
Financial Performance:
- Sasken Technologies reported positive financial results for Q2FY24, with consolidated revenues of Rs 102.51 crore, representing a 4.1% increase over the previous quarter.
- The company's consolidated EBIT for the quarter was Rs 12.71 crore, with EBIT margins at 12.4%.
- Consolidated PAT for the quarter stood at Rs 18.08 crore, with PAT margins at 17.6%.
-The Board has declared an interim dividend of Rs 12 per equity share for FY24.
Business Highlights:
- Sasken Technologies formed a strategic partnership with Qualcomm Technologies, Inc. through the Qualcomm IoT Accelerator Program, aiming to deliver robust and efficient IoT solutions.
- The company received prestigious awards, including the Exemplar of Inclusion and Top 100 Best Companies for Women in India.
- Sasken Technologies added new logos to its list of esteemed customers and experienced steady growth in the automotive and digital domains.
People:
- As of September 2023, Sasken Technologies had 1,381 employees, with a 17% LTM attrition rate.
- The company has focused on enhancing employee engagement, skill development, and learning opportunities to reduce attrition rates and improve employee experience.