Datamatics Global Services Announces Q4 and FY2017 Financial Results

MUMBAI, May 24, 2017 /PRNewswire/ --

• FY17 consolidated revenue up by 6.2% to INR 867.1 crore
• FY17 PAT up by 101.0% to INR 90.13 crore 

Datamatics Global Services Ltd. (DGSL), a global provider of Consulting, Information Technology, Data Management and Business Process Management services today announced the financial results for its fourth quarter and the fiscal year ended March 31, 2017 as approved by its Board of Directors. 

Q4FY17 Performance  

• Revenue at INR 229.5 crore; up 6.6% Q-o-Q and 4.2% Y-o-Y
• Net profit after minority interest at INR 39.2 crore; up 200.3% Q-o-Q and up 109.4% Y-o-Y
• Earnings Per Share at INR 6.65

FY17 Performance  

• Revenue at INR 867.1 crore; up 6.2% versus previous year
• EBITDA at INR 80.8 crore; up 10.3%
• EBITDA margin as percentage to revenue improved to 9.32%
• Net profit after minority interest at INR 90.1 crore; up 101.0%
• Earnings Per Share at INR 15.24

Balance Sheet Performance   

• Debt as at March 31, 2017 is INR 55.04 crore
• Cash and cash equivalent (including current investment) as at March 31, 2017 is INR 117.71 crore
• Day Sales Outstanding (DSO) at 81 days 

The Board of Directors of the Company have recommended a final dividend of INR 0.75/- [15%] per equity share.

Commenting on the results and financial performance, Rahul Kanodia, Vice Chairman and CEO said, "We have witnessed significant business traction in the areas of Robotics, Artificial Intelligence and Machine Learning, and with our unique client partnership model, we focus on understanding client requirements and providing smart solutions that support their business growth objectives in the digital world. The key thrust area for us in FY2018 as a business is around Cognitive Systems, Robotics and Automation for which we have made new technology investments, and with the sector growing and creating new opportunities, we are well-positioned for the year ahead and beyond."

Other Highlights for FY2017  

• Datamatics won the contract to provide an Automatic Fare Collection (AFC) system for the North-South corridor (Phase 1A) of the Lucknow Metro Rail Project.
• Datamatics launched i-Mobile, a Professional Mobility Platform that helps manage the entire lifecycle of application deployment: from user management through to application distribution, troubleshooting and reporting. 
• Datamatics commissioned a new facility in Puducherry with state-of-the-art facilities to support the growing business of its global clients.
• Datamatics is starting business operations in Kansas City and has recently incorporated a new entity Datamatics Global Services Corp. in Philippines with the objective of increasing its footprint in South East Asia and further expanding the client base.
• Datamatics this year had over 60 new business wins in the BFSI, Manufacturing and Transport and Logistics sectors across India, US and Middle East. 

Key Awards & Recognitions  

• Datamatics was recognized with the CIO CHOICE 2017 Honour & Recognition title in 3 categories by the Indian CIO and IT decision maker community for its services and solutions that leverage the company's IPs - iQ, nSights and iBridge under the Document Management, Business Intelligence and Robotic Process Automation categories respectively.
• Datamatics was recognised as the 'Best Service Provider' at the ICICI Prudential Annual TATVA Awards 2017 for three key processes - Policy issuance, Policy Servicing and Financial Servicing (FINTRANS).
• Datamatics Infotech Ltd., a subsidiary of Datamatics Global Services Limited was awarded as the 'Fastest Growing Indian Company' in the '4th India meets Britain tracker 2017' report, which was released by Grant Thornton in collaboration with the Confederation of India Industry (CII). Datamatics was also awarded as the 'Fastest Growing Technology Company' and 'Fastest Growing New Entrant' in the same report.
• Datamatics won four awards at the 25^th World HRD Congress - Most Innovative HR Technology Leader, Most Impactful CSR Leader, Contribution in Training & Development and Talent Acquisition.

About Datamatics Global Services  

Datamatics is a global provider of Consulting, Information Technology (IT), Data Management and Business Process Management services to several Fortune 500 companies. Datamatics has a fully integrated offering to support digital transformation of organizations through Smart Processes, Smart Systems, Smart Devices and Smart Data. These solutions are powered by Robotics, Artificial Intelligence and Machine Learning algorithms, which offer improved business efficiency in the interconnected world. The core operation of Datamatics is built around 'Data to Intelligence', wherein Datamatics leverages data to extract intelligence and patterns thereby facilitating smarter and quicker decision making. 

Datamatics has adopted the highest standards of service quality and operational excellence, enabling its clients across a wide range of industry verticals to transform into a truly digital, data driven enterprise. Its customised solutions help enterprises maximize productivity, improve speed and accuracy. Headquartered in Mumbai, the company has a presence across America, Australia, Asia and Europe.

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.

For media queries, please contact:
Nikita Suratwala
AGM - Marketing & Corporate Communications
[email protected]
+91-9820707434

Mehul Mehta
President, Dickenson Financial PR
[email protected]
+91-9820280325