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Datamatics Global Services announces Q3 and 9 months FY18 financial results

Feb 13, 2018 2:48:00 PM
  • Consolidated Revenue from operations up by 7.03% (YoY) at Rs. 675.50 crore and 10.35% on constant currency basis
  • Net Profit from ordinary activities after tax increased by 15.44% (YoY) to Rs. 56.31 crore 

Mumbai, February 13, 2018: 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 third quarter ended December 31, 2017 as approved by its Board of Directors at the board meeting held in Mumbai. 

YTD Dec’17 Performance – Consolidated (Y-o-Y)

  • Revenue from operations increased by 7.03% to Rs. 675.50 crore as compared to Rs. 631.13 crore in YTD Dec’16. On a constant currency basis, the consolidated revenue grew by 10.35%.
  • EBIDTA stood at Rs. 58.95 crore as compared to Rs. 70.66 crore in YTD Dec’16.
  • Net profit from ordinary activities after tax of Rs. 56.31 crore as compared to Rs. 48.78 crore in YTD Dec’16. 

Q3 FY17-18 Performance – Consolidated (Q-o-Q)

  • Revenue from operations increased by 10.06% to Rs. 234.84 crore as compared to Rs.213.37 crore in Q3 FY16-17.
  • EBIDTA stood at Rs. 20.76 crore as compared to Rs. 21.72 crore in Q3 FY16-17.
  • Net profit from ordinary activities after tax of Rs. 18.54 crore as compared to Rs. 13.22 crore in Q3 FY16-17. 

Commenting on the results and financial performance, Rahul Kanodia, Vice Chairman and CEO said, “We are actively investing to create innovative and enhanced solutions around Artificial Intelligence, Robotics, Analytics and Mobility. Our quarter and YTD performance is in line with our expectations.” 

Key Awards & Recognitions

  • Datamatics was acknowledged with the CIO Choice 2018 Honor and Recognition title in 3 categories by the Indian CIO and IT decision maker community. It is three years in a row that the company has been recognised in the Business Intelligence and Document Management categories. This year, Datamatics also established its leadership position in the Emergent Technology category for Artificial Intelligence.

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