Happiest Minds sees 30% rise in revenue for FY25

HAPPIESTMINDS TECHNOLOGIES is witnessing improved demand for IT services and a renewals in deals, particularly as optimism grows following the conclusion of elections in the US and it is also hopeful of hitting or coming close to at least 30% revenue growth for FY25.

- PADMINI DHRUVARAJ

Joseph Anantharaju, executive vice chairman, stated: "In most of the cases, if not all of the cases, we have had the renewals go through. So, I would say that the demand environment is much better than what it was last year, same time."

For the third quarter (Q3), the company's net sales came in at ₹530.8 crore, up 1.8% sequentially. Meanwhile, the net profit rose 1.2% to ₹50.1 crore in the quarter ended December. Anantharaju said that the December quarter being a seasonally challenging period due to fewer working days and employee leave, typically reduces growth by 3-4%.