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Datamatics Announces Q2 FY2019 Results

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Business Finance

Press Trust of India  |  MUMBAI 

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Consolidated revenue for the quarter up by 20.6% to INR 2,799.04 Million and EBITDA up 63.9% at INR 313.28 Million


Datamatics Global Services Ltd. (DGSL), a global IT & BPM company, today announced the financial results for the second quarter and six months ended on September 30, 2018.

Consolidated Financial Highlights - Q2 FY2019

Revenue at INR 2,799.04 million; up 20.6% y-o-y, up 7.3% q-o-q EBITDA at INR 313.28 million; up 63.9% y-o-y, down by 1.19% q-o-q PBT at INR 326.4 million, up 27% y-o-y, up 19.5% q-o-q PAT at INR 235.76 million; up 8.7% y-o-y, up 9.1% q-o-q Consolidated Financial Highlights - H1 FY2019

Revenue at INR 5,407.07 million; up 22.7% y-o-y EBITDA at INR 630.24 million; up 65.1% y-o-y PBT at INR 599.6 million, up 31.4% PAT at INR 451.82 million; up 19.6% y-o-y Commenting on the Q2 financial performance, Rahul Kanodia, Vice Chairman and CEO, Datamatics, said, "Datamatics witnessed steady growth during the quarter with consistent increase in revenue and profit. Our EBITDA for this quarter has grown by 64% y-o-y due to healthy business growth, acquisitions and forex gains."

Operational highlights H1 FY2019

During Q2 FY2019, USA contributed significantly to the revenue at 60% whereas contributions from Europe, India and Rest of World stood at 21%, 15% and 4% respectively In terms of sectorial contribution to the revenue, BFSI, Publishing and Manufacturing were the top three sectors contributing 28%, 27% and 9% respectively Top 5 clients contributed 25%; top 10 clients contributed 37%, whereas contribution from top 20 clients to the revenue for the quarter stood at 51% Business Updates

Datamatics added 50 new customers in Q2 FY2019 Datamatics continued to actively pursue the partnership and re-seller program and has signed up 4 new partners for TruBot and TruBI products during the quarter, adding to total partner strength of 15 During the quarter, Datamatics was named in the Aspirant category in Everest Group's PEAK Matrix Assessment 2018 for Finance and Accounting (F&A) service providers based on DAS (Digital Augmentation Suite) solutions. DAS comprises of multiple digital technologies including service providers' capability to deliver an Interactive Layer like mobile apps, chatbots & self-service portals; Insights Layer (descriptive, predictive & prescriptive analytics) and Automation Layer (RPA, OCR). Datamatics was named in the Gartner Report on "Competitive Landscape: Consulting and System Integration Service Providers for Robotic Process Automation." The report names market players who are the leading RPA C&SI service providers. Datamatics is named as one of the Leading IT Service Providers Offering RPA C&SI Services. Datamatics was honoured with Future Tech Leader Award at CIO100 Award 2018 by IDG. Arun Rajkumar, Associate VP - Engineering Solutions, Datamatics Digital was honoured as the Future Tech Leader for displaying exemplary vision in identifying and deploying relevant future technology skills and creating an environment to make the organization future-proof. During the quarter, the company hosted Datamatics Headway BFSI summit 2018 on 'Embracing Digital Transformation & Digital Culture' in Mumbai. The summit showcased ideas and experiences, exploring challenges, opportunities and best practices around Digital Transformation in the BFSI sector It was attended by close to 100 senior professionals from leading banks, NBFCs and insurance companies. About Datamatics Global Services Limited

Datamatics (BSE: 532528) (NSE: DATAMATICS) provides Intelligent Solutions for data driven businesses to increase productivity and enhance customer experience. The company's portfolio of service offerings spans across Information Technology Services, Business Process Management, Engineering Services and Big Data & Analytics all powered by Artificial Intelligence. It has established products in Robotics Process Automation, Advanced Analytics, Business Intelligence and Automated Fare Collection. Datamatics services over 450 customers globally across Banking & Financial Services, Insurance, Healthcare, Manufacturing, International Organizations and Media & Publishing. Headquartered in Mumbai, the Company has presence across 6 countries with major delivery centers in the USA, India and Philippines with an employee base of 10,000. To know more about Datamatics, visit https://www.datamatics.com/

Safe Harbour

Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.

Source: Datamatics Global Services Ltd.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, November 12 2018. 17:15 IST
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