While the performance was largely in line with analysts’ expectations, investors were not happy with the sequential moderation in the business, Apollo 24|7 business not breaking even and intensifying competition with Adani group’s foray in healthcare. The Apollo stock closed 6.7% lower on Tuesday, with investor sentiment worsened by the steep decline in the benchmark indices.
Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY
Apollo Micro Systems has reported an impressive rise in Q2 earnings, with net profit soaring by 56% compared to last year. Revenues spiked 72%, hitting