Mid-tier IT firm Happiest Minds Technologies plans to acquire digital companies to fuel growth, as it aims to reach its revenue target of achieving $1 billion by 2031. The company is looking to acquire three to four profitable digital companies in areas such as low-code no-code and Artificial Intelligence(AI), among other areas. Venkatraman N, MD and CFO told businessline, “We would like to acquire companies that come with a good customer base, a vertical of choice and focused product engineering services among other factors. Revenues stood at ₹390.87 crore, a 3.4 per cent rise on a q-o-q basis, and 18.8 per cent on a y-o-y basis. Attrition saw a dip from 19.8 per cent in fourth quarter to 16.6 per cent in the first quarter.

Source: The Hindu August 10, 2023 09:39 UTC