RateGain Travel Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 03:41 am
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RateGain Travel Technologies Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,520.19 million compared to INR 1,382.87 million a year ago. Revenue was INR 2,628.89 million compared to INR 1,388.47 million a year ago. Net income was INR 404.24 million compared to INR 132.34 million a year ago. Basic earnings per share from continuing operations was INR 3.59 compared to INR 1.23 a year ago. Diluted earnings per share from continuing operations was INR 3.58 compared to INR 1.22 a year ago.
For the nine months, sales was INR 7,012.21 million compared to INR 3,821.96 million a year ago. Revenue was INR 7,217.29 million compared to INR 3,973.31 million a year ago. Net income was INR 953.69 million compared to INR 346.14 million a year ago. Basic earnings per share from continuing operations was INR 8.69 compared to INR 3.2 a year ago. Diluted earnings per share from continuing operations was INR 8.57 compared to INR 3.19 a year ago.
RateGain Travel Technologies Limited is an India-based information technology company, which is engaged in providing solutions to help clients in the hospitality and travel industry to achieve their business goals. The Company operates through three segments: data as a service (DaaS), distribution, and marketing technology (MarTech). The DaaS segment offers solutions to hotels, online travel agents (OTAs), airlines, cruise liners, car rentals, and vacation rentals, and others. The Company provides software as a service (SaaS) solution for travel and hospitality helping them accelerate revenue generation through acquisition, retention, and wallet share expansion. The Companyâs products include Hotel Distribution, Hotel Booking Engine, Digital Marketing, Travel-Intent, Competitor Pricing Intelligence, and Rate Parity. It serves around 2,443 hotel brands, including 144 OTAs and 355 travel brands.