Mastek announced its iConniX portfolio to enable Gen AI-led innovation across industries. iConniX currently offers over 120 AI assets, 4 AI platforms, and solution blueprints tailored to meet industry specific business use cases. Building on top of personalized automation, intelligent decision-making, and tailored industry solutions, Mastek sets the stage for `AI as an Experience`, enabling businesses to leverage the full potential of Cloud, Data, Analytics, and Customer Experience (CX). It redefines the way companies engage with technology, ML and large language models making AI an integral part of their operations. iConniX will drive productivity, innovation, and long-term business outcomes for organizations.To address clients` business priorities, iConniX adopts a multifaceted strategy anchored on three core pillars: reducing knowledge latency, enhancing customer experiences, and driving operational efficiencies at scale. Leveraging advanced AI technologies, iConniX facilitates swift knowledge dissemination, thereby expediting decision-making processes. Integrated virtual intelligent assistants and information retrieval platforms to fine-tune domain specific insight models, while elevating customer and employee experiences to unprecedented levels of engagement and loyalty. Furthermore, iConniX prioritizes operational efficiency as a cornerstone for sustainable growth. AI-driven tools to automate tasks, streamline workflows, and ensure productivity across projects, thereby accelerating timelines and enhancing precision. From software engineering accelerators to workload optimization platforms as organizations move their data to the cloud, these solutions optimize cloud economics, positioning iConniX at the forefront of innovation and competitive advantage in today`s rapidly evolving market landscape.Powered by Capital Market - Live News

Mastek announced that the Board of Directors of the Company at its meeting held on 26 April 2024, inter alia, have recommended the final dividend of Rs 12 per equity Share (i.e. 240%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Mastek rose 26.86% to Rs 92.06 crore in the quarter ended March 2024 as against Rs 72.57 crore during the previous quarter ended March 2023. Sales rose 9.95% to Rs 779.73 crore in the quarter ended March 2024 as against Rs 709.18 crore during the previous quarter ended March 2023.For the full year,net profit rose 2.48% to Rs 300.29 crore in the year ended March 2024 as against Rs 293.01 crore during the previous year ended March 2023. Sales rose 19.17% to Rs 3054.79 crore in the year ended March 2024 as against Rs 2563.39 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales779.73709.18 10 3054.792563.39 19 OPM %16.0517.70 -16.6517.78 - PBDT121.34115.85 5 480.21469.42 2 PBT93.8596.25 -2 390.30402.05 -3 NP92.0672.57 27 300.29293.01 2 Powered by Capital Market - Live News

Mastek announced that it has won the multi-tower deal from Yanbu Cement Company (YCC) to optimize the efficiency of YCC`s production line. YCC, a pioneer in the cement industry in the Kingdom of Saudi Arabia (KSA), embarked on a digital & cloud transformation journey with Mastek in 2022, aligning with Saudi Arabia`s Vision 2030 and Smart Industry 4.0 initiatives.Following the execution of multiple back office and Enterprise Resource Planning (ERP) transformation programs in the first phase, Mastek will kick-off the second phase, focusing on automating YCC`s front office operations and streamlining the lead-to-cash cycle. By leveraging the Oracle Fusion stack across integrated layers of ERP systems, Mastek will enable YCC to improve customer & employee experience, reduce order fulfilment turnaround time (TAT), optimize material loading & dispatch processes, and enhance quality with governance excellence. During the initial phase, Mastek transformed YCC`s EBS-based infrastructure to Oracle Fusion Cloud. An extensive suite of Oracle Cloud modules were implemented, such as Human Capital Management (HCM), Enterprise Planning & Budgeting Cloud Service (EPBCS), Profitability & Cost Management Cloud Service (PCMCS), and Oracle Maintenance Cloud. The project marks a significant achievement for Mastek as it expands its revenue streams through CX Transformation, EX Transformation & Industrial Edge offerings, and is poised to tap into new market potential. With an increased focus on CX, EX & connected enterprise solutions Mastek aims to strengthen its footprint as a digital transformation leader in the Middle East region.Key RoIe to be delivered to YCC: � Improves customer experience, and order fulfillment cycle by developing a customer portal for seamless order capturing & fulfillment visibility with Oracle CRM Stack for sales team management integrated with Oracle Fusion ERP components. � Improve Quality, Governance & Visibility around Supply Chain, Finance & Procurement with Oracle Fusion Suite (Finance, SCM, EPM etc.) � Deploy an IoT-enabled solution to optimize truck/vehicle alignment during material loading. � Leverage existing accelerators like Mastek`s VolteoEdge platform to integrate web and mobile sales apps with YCC`s Oracle ERP system.Powered by Capital Market - Live News

Mastek has revised the meeting of the Board of Directors which was scheduled to be held on 18 April 2024. The meeting will now be held on 26 April 2024.Powered by Capital Market - Live News