Infobeans Techno hits new 52-week high as revenue rises 47% yoy for FY22

28 Apr 2022 , 10:09 AM

Infobeans Technologies Limited, a rapidly growing Digital Transformation company, has reported its results for the quarter and financial year ended March 31, 2022.

Infobeans achieves yet another milestone by achieving revenue of Rs289 crore in FY22 as compared to Rs120 crore in FY21, up by 47.44% yoy. Revenue for Q4FY22 was reported at Rs95 crore, registering a growth of 86% yoy, and 28% QoQ.

The company’s revenue in USD terms grew by 46% over the same period.

Infobeans’ PAT for the financial year under review jumped 54% yoy at Rs57 crore as compared to Rs37 crore in FY21.

EPS for FY22 stood at Rs8.24 as compared to Rs15.34 in FY21.

EBITDA margin for FY22 came in at 31%; up by 27 bps QoQ and 128 bps yoy.

InfoBeans acquired Pune-based Salesforce Platinum Partner Eternus Solutions in November 2021, resulting in a major foray into the Salesforce ecosystem for cloud transformation. Salesforce is the world’s leading cloud-based CRM and digital transformation platform.

The company added 8 new clients in the last quarter, including one fortune 500 clients.

At around 10.16 AM, Infobeans Techno was trading 9.77% higher at Rs816.25 against its previous close of Rs743.60 on NSE. It hit new 52-week high of Rs832 so far.