IT Consulting & Software company Happiest Minds Technologies announced Q3FY25 results Revenue in constant currency grew 0.8% QoQ and 28.2% YoY. Operating Revenues in USD stood at USD 62.7 million growing 0.5% QoQ and 27.0% YoY. Total Income of Rs 55,376 lakh growing 0.9% QoQ and 27.5% YoY. EBITDA of Rs 11,686 lakh, 21.1% of Total Income (decline of 1.6% QoQ and growth of 11.1% YoY). PAT of Rs 5,010 lakh 9.0% of Total Income (growth of 1.2% and decline of 16.0% YoY). Free cash flows of Rs 11,180 lakh and EPS (diluted) at Rs 3.33. Ashok Soota, Executive Chairman, said: “Happiest Minds has reported another quarter of strong deal momentum and performance with a revenue growth of 28.2% YoY in constant currency and we are set to report our best performance since IPO in absolute terms. We launched four transformational initiatives this year which included the acquisitions of Puresoftware and Aureus. The success of the same is evident from our YoY growth. The other three initiatives will accelerate our organic growth in the year ahead. These initiatives are the creation of the GenAI Business Unit, Verticalization into six Industry groups and induction of our Chief Growth Officer. At our Generative AI Business Services (GBS), we are collaborating with our clients to explore opportunities for leveraging generative AI to enhance business value, efficiency, and productivity. Our goal is to integrate generative AI features into their products, services and provide them with a competitive advantage. The adoption of this promising technology has picked up speed with our customers embarking into enterprisewide adoption. Apart from projects already delivered, we have about 15 projects in a proof-of-concept stage which will lead to significant orders/projects in the next fiscal. All our transformational initiatives will also ensure superior performance ahead.” Result PDF