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.
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.
