InfoBeans Technologies Limited — Earnings Release 2023

Jan 25, 2023

==> picture [581 x 92] intentionally omitted <==

To, Date: 25[th] January, 2023 The Listing and Compliance Department, The Manager, National Stock Exchange of India Limited Listing Dept. Exchange Plaza, 5[th] Floor, BSE Limited Plot No. C/1, G block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai – 400051 Mumbai-400001 Script Code: SM – INFOBEAN MH- IN SYMBOL: INFOBEAN Scrip Code: 543644

Subject : Press Release

Dear Sir/Madam,

Please find attached press release announcing the results of the quarter and half year ended on 31[st] December, 2022.

You are requested to please take the same on your records.

Thanking You Yours Faithfully

For InfoBeans Technologies Ltd

==> picture [92 x 47] intentionally omitted <==

Surbhi Jain Company Secretary and Compliance Officer

==> picture [594 x 64] intentionally omitted <==

==> picture [101 x 32] intentionally omitted <==

InfoBeans YTD (nine months) revenue grew by 55%

InfoBeans Technologies Limited (NSE:INFOBEAN), a fast-growing Digital Transformation software services company, announced its financial results for the quarter ending December 2022. Here are the major highlights of InfoBeans nine months for Fiscal 2022-23 results:

==> picture [275 x 224] intentionally omitted <==

The robust growth of 55% in revenue is in line with the strategy to focus on aggressively growing its business. Growing its client base, the company is now working with 14 organizations which are in the list of Fortune 500 and 14 organizations with over a billion $ in revenue.

==> picture [101 x 32] intentionally omitted <==

Highlights of quarter ending in December 2022

==> picture [385 x 213] intentionally omitted <==

Despite a seasonally weak quarter, InfoBeans was able to sustain the revenue momentum and maintain 22% EBITDA margin. Pressure on EBITDA in comparison to the target of 24% EBITDA margins is due to the team's cost pressure. Management aims to converge towards normalized margins in the coming years.

About InfoBeans

InfoBeans, founded in 2000 and now 1600+ strong, is a publicly listed Digital Transformation and Product Engineering organization. It strives to deliver exceptional value to its clients using the best software technologies while solving their complex business problems. Strengthened by its partnership with Salesforce, ServiceNow, Microsoft, UiPath and Automattic, its services enable corporations to digitally transform their businesses and gain competitive advantage.

Creating WOW! is not just a tagline for InfoBeans, it’s their religion!

Investor Relations Contact

Mridul Maheshwari investor.relations@infobeans.com