Saksoft Profit After Tax (PAT) Increases by 84.57% Q-o-Q

CHENNAI, May 31, 2018 /PRNewswire/ --

Saksoft Limited (BSE: 590051) (NSE: SAKSOFT), reported its Q4 and year end results (ended on March 31, 2018) at its Board Meeting held on May 30, 2018.

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Commenting on the results, Chairman & Managing Director, Aditya Krishna said, "Our continuous focus on emerging digitization opportunities is helping us scale up revenues. Our insistence on using the dedicated team model is ensuring consistency and predictability of revenues. Our Inch wide mile deep philosophy in our service offerings allows us to compete effectively and grow in the segments that we operate in. At Saksoft, we believe that OUR TIME STARTS NOW."

Review of financial performance: 
Consolidated Quarter Review (Q4 2017-18 vs. Q4 2016-17)

• Operating revenue increased by 10.46% to Rs 78.01 Crore in Q4 FY17-18 against Rs 70.62 Crore in the corresponding quarter previous year
• 40.60% increase in EBITDA to Rs 11.29 Crore in Q4 FY17-18 against Rs 8.03 Crore in the corresponding quarter previous year
• PBT increased to Rs 9.73 Crore in Q4 FY17-18 against Rs 6.32 Crore in the corresponding quarter previous year, up by 53.80%
• PAT stood at Rs 6.94 Crore in Q3 FY17-18 against Rs 3.76 Crore in the corresponding quarter previous year, an increase of 84.57%

Consolidated Financial Year Review (FY 2017-18 vs. FY 2016-17)

• Operating revenue increased by 10.16% to Rs 285.87 Crore against Rs 259.50 Crore in the previous year
• 20.33% increase in EBITDA to Rs 39.60 Crore in FY 2017-18 against Rs 32.91 Crore in the previous year
• PBT increased to Rs 33.82 Crore in 2017-18 against Rs 28.88 Crore in the previous year, increase of 17.11%
• PAT for FY 2017-18 stood at Rs 21.83 Crore against Rs 17.10 Crore in the previous year, an increase of 27.66%

FINANCIAL HIGHLIGHTS 

INR Crores

   
    Particulars Q4 FY17-18 Q4 FY16-17 FY17-18 FY16-17
      Revenue     78.01      70.62    285.87  259.50
      EBITDA      11.29       8.03     39.60   32.91
     EBITDA %     14.48%     11.36%   13.85%  12.68%
        PAT        6.94       3.76     21.83   17.10
       PAT%       8.89%      5.33%     7.64%   6.59%

OPERATING METRICS 

   
                             Particulars                          FY 17-18
    1. REVENUE METRICS- %
    A. Revenue by Geo
                                                         Americas   58%
                                                           Europe   32%
                                            Asia Pacific & Others    9%

    B. Revenue Mix
                                                           Onsite   53%
                                                         Offshore   47%

    2. CUSTOMER METRICS
    A. Client Metrics- No of clients/customers per
       Million Dollar
                                                            >1 MN    5
                                                    >0.5Mn to 1Mn    7
    B. Client's Contribution to Revenue
                                                            Top 5   42%
                                                           Top 10   49%
                                                           Top 20   57%

    3. HEADCOUNT METRICS
    A. Headcount & Utilization
    Total Employee Count                                            1025
    Technical                                                       897
    Support                                                         128

    B. Utilization-IT Services
                                               Excluding trainees   85%

About Saksoft Limited: 

Saksoft Limited is a leading player in providing digital transformation solutions to help businesses stay relevant in a highly connected, rapidly evolving world. Saksoft is a niche technology specialist that provides a comprehensive suite of business transformation, information management, application development and testing services. In short, Saksoft helps their clients level the playing field by helping them transform their business spaces.

Saksoft is headquartered in Chennai (India), and has 12 offices across the USA, Europe and Asia employing over 1000+ people. For more information, please visit http://www.saksoft.com

Media Contact :
Karthik Subramanian
[email protected]
+91-9840905522
+91-44-2454-3500
Marketing Head, Saksoft Limited