Mastek Shares Shoot Up 9% After Announcing Tie Up With Nvidia

IT company Mastek's shares rose soared 9% on Friday after the company announced tie up with Nvidia AI Enterprise

What Happened: Mastek announced its icxPro platform with Nvidia accelerated computing. The platform will be used to provide customer experience management for the manufacturing, healthcare, banking, financial services and insurance sectors. 

The company said icxPro has demonstrated a 20% return on capital employed in the manufacturing sector. The platform will help the sectors in providing superior customer experience management, faster time to market and enhanced customer engagement. 

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In its March quarter results, Mastek’s net profits rose 30.05% year-on-year to ₹94.41 crore as compared to ₹72.59 crore in the previous year. Its revenue from operations rose 9.94% to ₹779.73 crore against ₹709.18 crore in the corresponding quarter in the previous year. 

The company's revenue from the UK and Europe operations jumped 5.44% to ₹452.03 crore. Its revenue from North American operations gained 4.71% to ₹192.84 crore. Asia Pacific, Middle East and Africa revenue zoomed 39.95% to ₹134.86 crore. 

Price Action: Shares of Mastek rose 9.4% to ₹2822 on Friday's session. 

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