Happiest Minds Tech Q4 profit rises 25%

Happiest Minds Technologies’ acquisitions of Pure Software and Macmillan Learning India will reduce the company’s operating margins to a range of 20-22% in FY25 from 24.6% reported in FY24.

The management said during a post-earnings press conference that both the acquisitions are cash accretive, profitable and synergistic. “It will take a while to catch up from an operating margin perspective but we are not seeing any dilution in the fundamental gross margin of the business,” the management said.