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India – Trigyn Technologies’ revenue from operations rose 6.0% in fiscal second quarter

12 November 2021

Trigyn Technologies Ltd. (TRIGYN:NSI), a multinational IT solutions and staffing provider, reported revenue from operations rose 6.0% year over year in its fiscal second quarter ended 30 September.

(INR thousands) Q2 2021 Q2 2020 % change Q2 2021 (USD thousands)
Revenue from operations                                2,553,124                                 2,408,582 6.0%                                                34,365
Total profit before tax                                    182,486                                    247,214 -26.2%                                                  2,456
Net profit from continuing operations                                    118,617                                    178,134 -33.4%                                                  1,597

Trigyn’s registered office is in Mumbai, India, and it has a headquarters in Edison, New Jersey. The company was established in 1986 and operates in 25 countries.

In October, Trigyn announced a five-year, $50 million staffing contract with the New York City Housing Authority.

Share price and market cap

Shares in Trigyn closed down 3.34% on Thursday to INR 128.95 (USD 1.73); they were 25.46% below their 52-week high set on July 23, according to FT.com. The company had a market cap of INR 4.11 billion (USD 55.3 million).