Delhi Delhi. Happiest Minds Technologies reported a net profit of Rs 50 crore for the second quarter ended September 2024, up 13.4 per cent over the same period last fiscal. The mid-tier IT services company posted revenue of Rs 522 crore in Q2FY25, up 28.3 per cent over the same period a year ago. Its operating margin in the second quarter stood at 17.9 percent, a decline of 190 basis points from the previous quarter. Its operating revenue in US dollar terms stood at $62.4 million, a growth of 12.3 percent quarter-on-quarter.

Commenting on the second quarter performance, Ashok Soota, Executive Chairman, Happiest Minds, said, “Happiest Minds has delivered our best growth results in the last two years with 12.7 per cent quarter-on-quarter growth and 28.2 per cent year-on-year growth. These changes This includes the acquisition of PureSoftware and Aureus, the creation of our GenAI business unit (GBS), the appointment of a senior leader to expand net new (NN sales), and the creation of six industry groups, each led by an industry manager. Will do. The full impact of all these changes on revenues and growth will be visible in the coming quarters.” Happiest Minds' employee strength at the end of the second quarter was 6,580, while its attrition was 14.4 percent. Its employee utilization rate compared to 78.2 percent in the previous quarter. Was 76.3 percent.