Datamatics Hits 20% Upper Circuit on Strong Q4FY23 Results | In the News

Shares of Datamatics hit 20% upper circuit to a record high of Rs 414.20 in Tuesday’s intra-day trade amid heavy volumes. The company also reported strong earnings for the quarter ended March 2023 (Q4FY23).

“The digital operations industry-vertical-oriented operations and enterprise back-office operations segments are expected to witness the highest volume of new work in the next five years. Finance & accounting operations, meanwhile, are expected to grow at 9-10% CAGR over the next couple of years and is estimated to reach $14.5 billion in 2025,” according to Everest Group.

Read more in Business Standard.

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