Exclusive: Angan Guha On Q2, Deals & New Growth Areas. Birlasoft Sees Better Quarters Ahead In FY25

#Birlasoft #MidcapITStocks #ITShares #ITIndex #TechStocks #Q2Results
Birlasoft has announced its Q2 FY25 earnings with disappointing results, particularly in terms of profit. The IT services and solutions provider reported a 12.06% year-on-year decline in consolidated net profit to ₹127.5 crore for the quarter ending September 30, 2024, compared to ₹145 crore in the same period last year. On a quarter-on-quarter basis, profits dropped 15.11% from ₹150.2 crore in the April-June quarter. Revenue reached ₹1,368.2 crore—up 4.45% year-on-year and 3.07% sequentially. Birlasoft secured deals worth a total contract value of USD 136 million during the quarter, including USD 89 million in new deals and USD 47 million in renewals. In an exclusive interview with Business Today TV, Angan Guha, MD & CEO of Birlasoft, sheds light on the Q2 performance, factors affecting profitability, and the company's outlook for the upcoming quarters. Watch this exclusive interview for deeper insights.

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