What drove Netweb Technologies' record profit in the latest quarter?

The company's profit surge was primarily driven by high demand for artificial intelligence, high-performance computing, and private cloud solutions.

Did Netweb Technologies execute any large orders recently?

Yes, Netweb Technologies executed a large strategic order valued at Rs 450.39 crore during the quarter.

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AI Boom Fuels Record Profit for Netweb Technologies

Q: How much revenue did Netweb Technologies generate in the October-December quarter?

Netweb Technologies posted a record quarterly revenue of Rs 8,115.6 crore during the October-December period.

18 Jan

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Summary

Quarterly profit soared by two and a half times to Rs 733.1 crore.
Revenue also hit a record high, growing 2.4 times to Rs 8,115.6 crore.
A large strategic order of Rs 450.39 crore boosted the company's performance.

AI Boom Fuels Record Profit for Netweb Technologies

Netweb Technologies announced its most profitable quarter to date, reporting a profit after tax of Rs 733.1 crore for the October-December period. This represents a substantial increase of approximately two and a half times compared to the same period last year. The company's impressive financial results were primarily driven by escalating demand for artificial intelligence solutions, alongside robust growth in its high-performance computing and private cloud offerings.

Alongside its profit surge, Netweb Technologies also achieved a record quarterly revenue of Rs 8,115.6 crore during the December quarter. This figure is about 2.4 times higher than the Rs 3,355.5 crore reported in the corresponding quarter of the prior year. The company highlighted the execution of a significant strategic order valued at Rs 450.39 crore, reinforcing its standing in the high-end computing solutions market.