Happiest Minds Launches WATCH360 for Enhanced IT Management

On July 16, 2024, Happiest Minds Technologies Ltd launched WATCH360, a new 360 IT Managed Service designed to help organisations manage their IT systems effortlessly. This service ensures reliable 24/7 IT infrastructure management using ELLIPSE, an AI-powered platform. It leverages machine learning for real-time insights and automation, boosting IT efficiency and cutting costs.

Operating from ISO 27001-certified centres, WATCH360 promises seamless service delivery with strong SLAs, letting organisations focus more on core business and strategic goals.

Ram Mohan, President and CEO of Infrastructure Management & Security Services (IMSS), Happiest Minds, said, “Many organisations struggle to manage their IT infrastructure effectively due to limited resources and technical expertise. Our new Managed Services package, ‘Happiest Minds’ WATCH360’ addresses this challenge by offering a single point of contact for all IT needs, from data centres and public clouds to branch infrastructure.”

Girish Chandangoudar, VP and Head of Infrastructure Services of Happiest Minds said, “Happiest Minds’ WATCH360 is a comprehensive packaged offering specially designed to cater to customers’ needs through a flexible scaling model. With managing Servers, Databases, Network and Security Devices, and Cloud Native Services, Happiest Minds’ WATCH360 enhances overall IT operations. Our solution has immense potential to positively impact our customer’s infrastructure and help them build a robust and secure environment.”

In their Q4 results, the company achieved a 10.4% increase in revenue and a 24.84% rise in profit year-over-year (YoY). Compared to the previous quarter, revenue grew by 1.81% and profit by 20.73%. Selling, general and administrative expenses rose by 0.53% quarter-on-quarter (q-o-q) and increased by 18.85% YoY. Operating income saw a q-o-q increase of 21.01% and a YoY increase of 2.57%. The earnings per share (EPS) for Q4 stood at ₹4.14, up by 4.05% YoY.

About Happiest Minds Technologies Ltd

Happiest Minds Technologies Ltd is a leading IT company that enables digital transformation for businesses and tech providers. It specialises in enhancing customer experiences, improving business efficiency, and providing actionable insights through advanced technologies like AI, blockchain, cloud computing, IoT, robotics, and more. Happiest Minds Technologies Ltd is recognised for its strong corporate governance and workplace culture.

On July 16, 2024, Happiest Minds Technologies Ltd’s share price opened at ₹825.65, touching the day’s high of ₹837.80 as of 12:11 PM on the NSE.

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