Company Profile For Mastek Limited

Mastek Limited (MAST.BO) (Bombay Stock Exchange)

sector: Technology · industry: IT Services & Consulting ·

As of 26 Nov 2009

387.60INR

Price Change

+34.90

Percent Change

+9.90%

Analyst Recommendations

Overview

Mastek Limited is an India-based company. The Company and its subsidiaries are engaged in software development, technical and consultancy services. Mastek Limited is an information technology solutions player with global operations providing technology and intellectual property-led enterprise solutions to insurance, government and financial services organizations worldwide. The Company has eight development centers out of which six are located in and around Mumbai, India and one each in Pune and Chennai, India. The Company’s subsidiaries include MajescoMastek, Mastek (UK) Limited, Mastek Asia-Pacific Pte.Ltd., Mastek MSC Sdn. Bhd., Mastek GmbH, Mastek Outsourcing Services Pvt Ltd and Mastek MSC Thailand Co Ltd.

Quick Financial Synopsis

BRIEF: For the three months ended 30 September 2009, Mastek Limited's revenue decreased 27% to RS1.91B. Net income decreased 36% to RS264.1M. Revenues reflect an decrease in income from US operations, lower income from domestic trade and decreased other income. Net income also reflects a decrease in operating margin. The Company is an Information technology solution providing new technology and intellectual property led solutions.