IT Services company R Systems International announced Q4FY22 results: Revenue at Rs. 343.11 crore (US$ 45.69 million); Growth YoY 38.54%. EBITDA at Rs. 41.66 crore (US$ 5.55 million) i.e.12.14% as against 12.46% for Q1 2021. Net profit after taxes at Rs. 29.69 crore (US$ 3.95 million); Growth YoY 19.31%. 10 key clients added during the quarter. Net addition of 120+ associates during the quarter. Dr. Rekhi Singh, Managing Director and CEO stated, “We had a healthy start of FY 2022 with 39% YoY revenue growth backed by a strong demand environment for digital and technology services. Our margins for the quarter were mainly impacted by salary raises. We are working to expand the margins through better pricing and improving utilization in coming quarters.” He added, "Amid the positive demand environment, we are continuing with our investment in digital technologies, innovation, sales and presales across all business units for next-gen digital evolution.” Result PDF
IT Consulting & Software company R Systems International declares Q3FY22 result: R Systems Reports Record Revenue of Rs. 1,156 Cr Strong Revenue Growth of 31% with Margin Improvement Consolidated results for the FY ended December 31, 2021 Revenue at Rs. 1,155.64 crores (US$ 156.52 mn); Growth YoY 31.23%. EBITDA at Rs. 161.46 crores (US$ 21.87 mn) i.e.13.97% of Revenue for the year 2021 as against 13.27% for the year 2020. Net profit after taxes at Rs. 141.44 crores (US$ 19.16 mn); Growth YoY 72.91%. 30 key clients added during the year. Net addition of 900+ associates during the year. Consolidated results for the quarter ended December 31, 2021 Revenue at Rs. 328.65 crores (US$ 44.01 mn); Growth YoY 38.88%. EBITDA at Rs. 45.10 crores (US$ 6.04 mn) i.e.13.72% as against 16.06% for Q4 2020. Net profit after taxes at Rs. 32.79 crores (US$ 4.37 mn); Growth YoY 11.92% Dr. Rekhi Singh, Managing Director and Chief Executive Officer said, "R Systems reported 30% plus revenues growth and surpassed the key milestone of USD 150 mn in annual revenues with margin improvement. This robust performance is on the back of good traction towards our product engineering and digital offerings, deepened relationship with existing customers along with decent flow of sizable deals. We added 900 plus net associates over the year despite challenges in hiring and attrition across IT Industry.” He added, “We have a strong balance sheet with constant cash generation to scale investment in newer technologies, sales activities and to support future growth. Now, we are well placed to unleash next-gen digital evolution" Mr. Avirag Jain CTO, said, “R Systems is serving 40 million dollar plus customers including 6 accounts contributing dollar three million plus revenues on run rate basis.” He further added, “This year our utilization was modest to overcome the hiring and attrition challenges. We maintained higher talent pool to keep growth momentum. We are now expanding our SEZ facilities at Greater Noida by approx. 48,000 square feet to cater to growth” Result PDF
Highlights: Revenue at Rs. 305.77 crores (USD 41.39 mn); Growth YoY 36.32% and QoQ 11.77%. EBITDA at Rs. 48.85 crores (USD 6.62 mn) i.e.15.98% of Revenue for Q3 2021 as against 13.39% for Q2 2021 and 15.87% for Q3 2020. Net profit after taxes at Rs. 37.60 crores (USD 5.09 mn); Growth YoY 39.11%. 12 key clients added during this quarter. Net addition of 320 associates during this quarter. Second Interim Dividend Per Share - Rs. 3.20/- Dr. Rekhi Singh, Managing Director and CEO stated, “We had best-ever quarter where revenue grew 36% YoY and 12% QoQ along with robust margins as a result of volume growth coupled with improved utilization. It is supported by new deal closures, deepened relationship with existing customers and empowered by our digital offerings.” He added, “We are conscious of risk of Covid. Safety and wellbeing of our employees is paramount to us in evaluating our options for work-from-office or hybrid working in a phased manner.” He further added, “The business outlook continues to be positive with strong demand environment, and we continue to invest in newer technologies, sales and marketing initiatives to fuel our growth engine.” Avirag Jain, Director and CTO said, “We have on-boarded 300 plus net associates during the quarter to support the strong demand across geographies. The employee utilization has also improved despite attrition challenges and helped us to report strong margins.” He added, “We added 12 key customers during the quarter as a result of healthy demand for digital and product engineering services.” Result PDF