Happiest Minds Technologies reported a 19.6% year-on-year decline in its net profit for the third quarter, with earnings falling to Rs 40.3 crore. The dip reflects margin pressures, integration costs from recent acquisitions, and a challenging demand environment in the global IT services sector. While revenue growth remained steady, profitability was impacted by higher operating expenses and cautious client spending across key markets. The company continues to focus on digital transformation services, aiming to strengthen its capabilities in cloud, analytics, and cybersecurity.
