Datamatics Global Services surges 16% on strong Q4 earnings

The IT company reported a net profit of Rs 26.45 crore for Q4FY19, as against Rs 12.83 crore for the period ended December 2018.

Shares of Datamatics Global Services rallied more than 16 percent intraday on May 10 after the company registered a 106.16 percent increase in net profit QoQ, for the period ended March 2019.


The IT company reported a net profit of Rs 26.45 crore for Q4FY19, as against Rs 12.83 crore for the period ended December 2018.

The revenue of the company increased 11 percent QoQ at Rs 311.58 crore in Q4, compared to Rs 280.68 crore Q3FY19.

The earnings per share (EPS) reported by the company for the March quarter was Rs 4.27.

At 1259 hrs, Datamatics Global Services was quoting Rs 104.70, up 16.27 percent on the BSE.

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