Business Wire India
KPIT Technologies (NSE: KPITTECH BSE: 542651), an independent software integration partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced financial results for Q3 FY24 today.
Performance overview
Commenting on the performance of Q3 FY24
Kishor Patil, Co-founder, CEO and MD, KPIT said,
“We continue to focus on execution relentlessly and have been consistently reaping the benefits of our focus on the mobility industry, key technologies, key clients and key talent. The Q3 FY24 revenues have been in line with our expectations, while we have delivered slightly ahead of expectations on the profitability front. Basis our performance so far, robust pipeline and the consistency of demand driven by new technology investments by our strategic clients, we are confident of meeting our upward revised outlook for the year.”
Sachin Tikekar, President and Joint MD, KPIT said,
“We are witnessing broad-based traction across technologies, clients, sub-verticals and geographies. We are increasing our strategic engagements in the quest to move towards being Trusted Partners for our strategic clients. As we have seen over the last 4 quarters, the attrition continues to fall and is now at historically low levels. We have significantly moved the needle in our quest for inclusive sustainability across KPIT. We have increased our investments in new technologies and competency development to enable us deliver complex engagements, successfully.”
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