Happiest Minds profit dips 15.3% on salary hikes, investments

Mid-sized technology services player Happiest Minds Technologies reported a 15.3% year-on-year (YoY) fall in net profit at Rs 49.5 crore for the September quarter (from Rs 58.5 crore a year ago) dented by higher investment costs during the quarter. Sequentially, the profit fell 3% from the first quarter’s Rs 51 crore profit.