Data Storage Technology

Cloud and data management solutions provider Orient Technologies has reported a 62.52 per cent year-on-year increase in net profit to Rs 15.05 crore for the September quarter of the ongoing fiscal year. It had reported a net profit of Rs 9.26 crore in the year-ago period, it said in a regulatory filing. Revenue from operations for the quarter under review came in at Rs 223.14 crore, 49.35 per cent higher than Rs 149.40 crore a year earlier. Seen sequentially, profit and revenue rose 62.17 per cent and 49.91 per cent, respectively. "As we move into Q3, we have a robust pipeline in place, filled with high-potential opportunities that we are excited to bring to fruition. With a stable market environment, Orient is well-positioned to accelerate its momentum and pursue ambitious growth objectives," Orient Technologies Chairman and Managing Director Ajay Sawant said. The Mumbai-headquartered firm's employee count was 1,517 as of September 30 this year. Shares of Orient Technologies wer

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