India's Datamatics Global Services falls after lower Q3 profit

Datamatics Global Services

09/02/2024 08:42

** Shares of IT firm Datamatics Global Services  DATC.NS 
down 4.3% at 684.40 rupees
    ** DATC reports ~10% Y/Y fall in Q3 consolidated net profit,
rev from ops fell 0.9% Y/Y
    ** Fall in revenue was mainly due to the slow
decision-making of large deals in western markets, said CEO
Rahul Kanodia in a statement 
    ** Trading vol 1.7x the 30-day daily avg
    ** Including session's move, stock down 5.6% YTD
    ** Stock rose 162% in 2023



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))