Net profit of Mastek rose 2.01% to Rs 71.50 crore in the quarter ended June 2024 as against Rs 70.09 crore during the previous quarter ended June 2023. Sales rose 12.08% to Rs 812.89 crore in the quarter ended June 2024 as against Rs 725.25 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales812.89725.25 12 OPM %15.2517.51 - PBDT118.69120.04 -1 PBT98.63100.34 -2 NP71.5070.09 2 Powered by Capital Market - Live News

Mastek will hold a meeting of the Board of Directors of the Company on 18 July 2024.Powered by Capital Market - Live News

Mastek announced it is advancing its icxPro platform with NVIDIA accelerated computing. Offering the next generation of customer experience (CX) solutions powered by artificial intelligence (AI), icxPro has demonstrated a 20% return on capital employed (ROCE) in the Manufacturing sector, with massive potential in the BFSI and Healthcare sectors. The launch of icxPro marks a significant stride in Mastek`s non-linear growth strategy.Mastek`s icxPro, a cloud-native platform designed for building scalable AI applications, will help streamline the development of domain-specific AI applications using the full-stack NVIDIA accelerated computing platform, which includes NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform. Running on NVIDIA A100 Tensor Core GPUs, Mastek`s icxPro will enable businesses to achieve faster time to market and unlock significant business value. Powered by Capital Market - Live News

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