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Revenue from operations grew to Rs 12,116 crore during the reporting quarter as against Rs 9,729 crore in the year-ago period, while forex increase helped in a gain on the company’s other income which stood at Rs 320 crore as against Rs 32.6 crore. The company closed the quarter with a total contract value of USD 1 billion and the fiscal with USD 3 billion in the new deals. Wins during the quarter included a 5G operator in Europe and others in areas like retail and healthcare, company officials said.
Its managing director and chief executive C P Gurnani said he is ”lot confident” about the business momentum continuing in FY23 as well. Its president for corporate strategy Vivek Agarwal said the company expects its mainstay of communications, media and entertainment, and also the upcoming metaverse offerings are gaining traction in the new fiscal.
Agarwal added that the demand environment is robust and there has not been any impact of the geopolitical tensions triggered by the Russian invasion of Ukraine or other developments like the runaway inflation in the US.