Datamatics Global Services announces Q1 FY18 financial results

Sep 14, 2017 2:58:00 PM
  • Consolidated Revenues up by 1% (YoY) at Rs. 208.57 crore
  • Standalone Revenues up by 8% (YoY) at Rs. 75.96 crore

Mumbai, September 14, 2017: Datamatics Global Services Ltd. (DGSL), a global provider of Information Technology, Data Management, Business Process Management and Consulting services today announced the financial results for its first quarter ended June 30, 2017 as approved by its Board of Directors at the board meeting held in Mumbai.

Q1FY18 Performance – Consolidated (YoY)

  • The Company’s revenues increased by 1% to Rs. 208.57 crore as compared to Rs. 207.30 crore in Q1 FY17. On a constant currency basis, the consolidated revenue grew by 4%.
  • EBIDTA stood at Rs. 19.07 crore as compared to Rs. 24.92 crore in Q1 FY17.
  • Net profit after minority interest stood at Rs. 16.07 crore as compared to Rs. 19.10 crore in Q1 FY17.
  • Earnings per share (diluted) for the quarter stood at Rs. 2.70 as compared to EPS of Rs. 3.24 reported for Q1 FY17. 

Q1FY18 Performance – Standalone basis (YoY)

  • The Company’s revenues increased by 8% to Rs. 75.96 crore as compared to Rs. 70.61 crore in Q1 FY17.
  • EBIDTA stood at Rs. 6.81 crore as compared to Rs. 8.67 crore in Q1 FY17.
  • Net profit stood at Rs. 6.47 crore as compared to Rs. 7.18 crore during Q1 FY17.
  • Earnings per share (diluted) stood at Rs. 1.08 during Q1 FY18 as compared to Rs. 1.21 during Q1 FY17. 

Commenting on the results and financial performance, Rahul Kanodia, Vice Chairman and CEO said, “Currency headwinds impacted our revenue growth during Q1; however, on a constant currency basis, we grew by almost 4% y-o-y. We are excited to build on the momentum we have generated over the past fiscal and for the opportunities that lie ahead. The company has been taking significant steps towards accelerating digital adoption among customers through its innovative solutions, and will continue to focus on harnessing emerging technologies such as Artificial Intelligence, Robotics, Analytics, Cloud and Mobility to further enhance user experience and generate greater value for all our stakeholders. Our acquisition of TechJini during the quarter reflects our commitment towards making strategic investments and strengthening our customer offerings. We have a healthy pipeline across industries and some exciting projects that will help us drive growth going forward.”

Other Highlights for Q1 FY2018

  • Datamatics acquired a controlling stake in TechJini, a domestic software services company with a specialized focus on enterprise mobile application development, to further enhance the company’s enterprise mobility offerings.
  • Datamatics, being a pioneer in Robotic Process Automation in India recently partnered key events in India and the US to provide an overview on how RPA can use intelligent robots to transform business processes and drive more RoI for the organization. 

Key Awards & Recognitions

  • Datamatics was ranked 12th in the Fortune India Next 500 List of 2017 in the Infotech Sector. The companies listed across sectors are termed as ‘small wonders’ by the magazine.
  • Datamatics was conferred The Asian Banker Technology Innovation award for the Most Innovative Application for Robotics in Singapore. The company received this honour for successfully automating over 200 processes for one of the leading Indian private sector banks, which helped them improve productivity and efficiency.
  • Datamatics received two awards at the Big Data, Analytics and Insights Summit & Awards 2017 – “Best Analytics Service in Business Intelligence” for its proprietary product nSights and “Innovative Technology of the Year” for Robotic Process Automation.
  • Datamatics’ Learning and Development team received the prestigious Tata Institute of Social Sciences - Leap Vault CLO award in the Game based Learning category for Synergy.

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