IT Consulting & Software company Birlasoft announced Q1FY24 results: In USD terms: Revenue at USD 153.6 million: Up 3.1% QoQ & up 3.4% YoY In constant currency terms, revenues are up 2.7% QoQ EBITDA at USD 23.5 million; EBITDA margin expands 168 bps QoQ to 15.3% PAT at USD 16.7 million, up 23% QoQ In INR terms: Revenue up 3.0% QoQ during Q1FY24 at Rs 12,628 million EBITDA at Rs 1,931 million; up 15.7% QoQ, EBITDA margin at 15.3% PAT at Rs 1,375 million, up 23% QoQ and 14% YoY, translating to basic EPS (not annualized) of Rs 4.97 Angan Guha, Chief Executive Officer, and Managing Director, Birlasoft, said, “We have delivered a robust operating performance during the quarter on both the revenue and margin fronts. I am pleased to note that our quarterly revenue has crossed the USD 150 million mark for the first time, increasing 3.1% sequentially to USD 153.6 million during Q1FY24. Our growthled performance during the quarter reflects our sharp focus on execution during a period that has been characterised by a high degree of macroeconomic uncertainty. We continue to strengthen our tech capabilities and have been early adopters of new technologies such as Generative AI where we have already developed multiple solutions.” "Our revenue during the quarter under review grew 9.4% year-on-year and 3.0% quarter-on-quarter to Rs 12,628 million, while EBITDA margin expanded about 170 basis points to 15.3%. At the same time, we continued to generate strong cash flows with a quarterly collection of USD 153.7 million during Q1FY24, which is the third instance of quarterly collections crossing the USD 150 million mark in the last five quarters. We continue to prioritise financial discipline and operational efficiency as we navigate through the prevailing uncertain market conditions," said Kamini Shah, Chief Financial Officer, Birlasoft. Result PDF