IT Software Products company Intellect Design Arena announced Q1FY24 results: Total revenue for Q1FY24 stood at Rs 644 crore as against Rs 540 crore in Q1FY23 - grew 19% YoY Platform revenue for Q1FY24 is Rs 141 crore as against Rs 116 crore in Q1FY23 - grew 21% YoY License revenue for Q1FY24 is Rs 112 crore as against Rs 77 crore in Q1FY23 - grew 46% YoY AMC revenue for Q1FY24 is Rs 106 crore as against Rs 87 crore in Q1FY23 - grew 22% YoY License linked revenue (License + Platform + AMC) is Rs 359 crore in Q1FY24 as against Rs 280 crore in Q1FY23 - grew 28 %YoY EBITDA is Rs 155 crore in Q1FY24 as against Rs 116 crore in Q1FY23 - grew 33% YoY Profit after Tax is Rs 93 crore in Q1FY24 as against Rs 69 crore in Q1FY23 - grew by 36% YoY Collections for Q1FY24 are Rs 582 crore Deal Wins: eMACH.ai accelerates growth with 11 new customers choosing Intellect for their digital transformation journey Digital Transformations (Go-Lives): 10 global financial institutions have transformed their digital journey on Intellect platforms and products Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “I wish to celebrate the power of the Research and Development teams at Intellect this quarter. 2 million person-hours of sustained investments annually and 16 million person-hours during the last 8 years in R&D; have catapulted the company from Product to Technology company. eMACH.ai, with its 5 built-in technologies, drives holistic and agile transformation at double the speed and half the costs. Turmeric Technology is a first-of-its-kind Composable platform (No code), choreographing Events, Microservices, APIs, Business Rules, UX, and Generative AI seamlessly to deliver high performance with inbuilt easy to use. Fabric Technology brings in enterprise decision-grade knowledge from Structured and Unstructured Data. Intellect’s ‘Platform First’ strategy in building technology is powering unparalleled efficiencies in Insurance, Wealth, Retail, Risk, and Corporate. The extremely high point in building commercial IPs.” Result PDF
IT Software Products company Intellect Design Arena announced Q4FY23 & FY23 results: Q4FY23: Total revenue for Q4FY23 stood at Rs 621 crore as against Rs 500 crore in Q4FY22 - grew 24% YoY Platform revenue for Q4FY23 is Rs 114 crore as against Rs 117 crore in Q4FY22 License revenue for Q4FY23 is Rs 113 crore as against Rs 79 crore in Q4FY22 - which grew 42% YoY AMC revenue for Q4FY23 is Rs 106 crore as against Rs 85 crore in Q4FY22 - which grew 25% YoY License linked revenue (License + Platform + AMC) is Rs 333 crore in Q4FY23 as against Rs 281 crore in Q4FY22 - grew 18 %YoY Gross Margin is Rs 349 crore in Q4FY23 as against Rs 282 crore in Q4FY22 EBITDA is Rs 143 crore in Q4FY23 as against Rs 111 crore in Q4FY22 Profit after Tax is Rs 91 crore in Q4FY23 as against Rs 95 crore in Q4FY22 Collections for Q4FY23 are Rs 485 crore FY23: Total revenue for FY23 stood at Rs 2,246 crore - which grew 21% YoY Platform revenue for FY23 is Rs 461 crore - grew 22% YoY License revenue for FY23 is Rs 330 crore AMC revenue for FY23 is Rs 382 crore - grew 17% YoY License-linked revenue (License + Platform + AMC) is Rs 1173 crore in FY23 - grew 11% YoY Gross Margin is Rs 1,228 crore in FY23 EBITDA is Rs 450 crore in FY23, ie, 20% of the revenue EBITDA excluding ESOP cost is Rs 495 crore, i.e. 22% of the revenue Profit after Tax is Rs 267 crore in FY23 Collections for FY23 are Rs 1,903 crore The Board has recommended a final dividend of Rs 2.50/- per share on the face value of Rs 5/- each on equity shares, for FY23, subject to the approval of shareholders at the ensuing AGM Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “Our launch of eMACH.ai marks a significant shift in how transformation technology is addressed for the financial services industry. A blend of the best of composability, embedded AI, and data on a cloud-native open architecture opens up an entire world of possibilities for banks and financial institutions for designing value propositions contextualized for their customers. This endeavour is supported by iTurmeric, a unique visual composer for the intuitive design of experience, process orchestration, and eco-system integration. Within a short span of time, we are seeing significant interest from several banks and financial institutions to adopt this platform. The eMACH.ai is an outcome of intense R&D; by over 2.4 mn hours and enhanced investment over the last 4 to 6 quarters.” Result PDF