India's Sasken Tech slips most in over a year on weak Q2 results

Sasken Technologies

23/10/2023 07:12

** Shares of Sasken Technologies  SKCT.NS  fall as much as 9.7%
to 1,142.35 rupees, their sharpest intraday pct drop since Jan.
21, 2022
    ** The software services firm reported a near 50% slump in
Sept-qtr consolidated profit after tax
    ** Employee costs rose 2.2%
    ** Revenue from operations down ~15%
    ** Stock last down 7.8%, trimming YTD gains to ~29%


 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))