Infobeans Tech Q3 Results Date, InfoBeans Technologies Ltd is primarily engaged in software development services, specializing in business application development for web and mobile and operate at Capability Maturity Model Integration. Infobeans tech was established by three peoples at indore in 2000.
Infobeans tech announced that the board of directors meeting was held on 25 january 2023, Wednesday at at 9 am at indore inter alia, to consider and apporved the unaudited Standalone and Consolidated Financial Results of the company for the 3rd quarter ended on 31 December, 2022.
Infobeans Tech Q3 Results in Last few Quarters ?
Company posted a revenue of 99 crores in september quarter 2022 as compared to last year september quarter was stood at 56 Crores, sharp rise of 75% in revenue on year on year basis.
Infobeans posted net profit for september quarter 2022 is 10 Crores as compared to last year september quarter it was at 11 Crores, profit was constant in that period.
Company announed dividend in july quarter this years of rupees 1, 10% of face value. Infobeans tech FY 2022 revenue was at 271 Crores and net profit is 54 Crores.
As of date, we serve six unicorns and have ten Fortune 500 companies as our active clients.
Infobeans expects to keep doubling revenue every three years
In a interview with senior manager mridul maheshwari. How do you intend to accelerate the growth trajectory in the years to come? ” As a simple and long-term strategy, we strive to double ourselves every three years with a good mix of organic and inorganic growth. Post-Pandemic, demand for IT services is global and likely to remain high for the next five years. We have a strong middle management team led by deep leadership to capitalize on this opportunity. “
Our anticipation is that organic growth would be in the 15-20% range yearly as we continue to focus on enterprise clients with strong balance sheets who have a long-term need for cloud-based solutions around Salesforce, ServiceNow, and Automation.
Additional 20-25% growth would accrue from inorganic means. We acquired 2 high-quality high-growth companies in the last 3 years. That has bolstered our competencies and given us access to a larger client base.