IT Consulting & Software company Happiest Minds Technologies announced Q1FY25 results: Revenue in constant currency grew 11.4% QoQ and 17.8% YoY Operating Revenues in USD stood at USD 55.5 million growing 10.9% QoQ and 16.8% YoY Total Income of Rs 48,926 lakh growing 10.6% QoQ and 20.9% YoY EBITDA of Rs 11,671 lakh, 23.9% of Total Income (growth of 7.8% QoQ and 13.3% YoY) PAT of Rs 5,103 lakh 10.4% of Total Income (decline of 29.1% QoQ and 12.5% YoY) Free cash flows of Rs 11,569 lakh and EPS (diluted) at Rs 3.39 Venkatraman Narayanan, MD & CFO, said “The quarter was eventful, and our results for the same include that of our two acquisitions: PureSoftware and Aureus. Our revenues in constant currency grew year over year by 17.8% while EBITDA grew by 13.3%. Variation in PBT and PAT are primarily on account of non-recurring expenses in the current quarter versus a large exceptional write-back in the previous, and increased amortization and financing costs arising from acquisitions.” Joseph Anantharaju, Executive Vice Chairman, said, “Our sustained growth reflects our resilience and agility to adapt to market conditions quickly. We remain laser-focused on our client's needs and are set to leverage our Industry Groups and recent acquisitions to deliver on our client's strategic imperatives. The newly created Generative AI Business Services (GBS) is also helping us create transformative solutions that are helping customers to further extend their digital journeys.” Result PDF