LONDON: Mastek LtdBSE -1.84 %, which demerged its insurance business into a separate company last year, reported operating revenue of Rs 133.3 crore and said it had acquired a UK company for about 2.25 million pounds.
Mastek’s results are not comparable year-over-year, following the demerger of the insurance business into Majesco, which will be listed on the New York Stock Exchange.
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Net profit for the quarter ended June 30, was Rs 4.4 crore. The company added 5 new clients during the first quarter.
Mastek also said its UK arm bought IndigoBlue Consulting for 2.25 million pounds plus a contingent consideration based on an achievement of revenue, profit and retention targets payable over the next three years.
