Shares of Datamatics Global Services surged 17% to hit a 52-week high of Rs 404 on May 2, reacting to healthy earnings for the quarter ended March.

The global digital operations, technology and experience company posted revenue of Rs 416.3 crore in the March quarter, up 33% year-on-year and 12% quarter-on-quarter.

Geographically, the US contributed 54% to the company’s FY23 revenue, followed by India at 27% and the UK and Europe at 12%. According to the investor presentation, the rest of the world accounted for 7% of total revenue.

Profit after tax for the quarter rose 31% year-on-year and 30% quarter-on-quarter to Rs 597 crore.

Operating margin increased 378 basis points year-over-year and 439 basis points quarter-over-quarter to 20.2%. The company’s profitability has been improving since FY20.

Shares of the company were up 16.2% at Rs 401.05 on the BSE at 1:01 pm. The stock is up more than 35% in the past week, and over the past three years, it is up more than 700%.

“Our deal pipeline continues to be strong, but we remain vigilant of any strong headwinds from global economic conditions,” said Rahul Kanodia, the company’s Vice Chairman and CEO.

Datamatics Global Services’ product portfolio spans digital technology solutions powered by artificial intelligence, business process management and engineering services. It has built products in robotic process automation, intelligent document processing, business intelligence and automated billing systems. Datamatics does business with global clients in the banking, financial services, insurance, healthcare, manufacturing, international organisations, and media and publishing industries.