Intellect registers Strong Revenue Growth and Acceleration of SaaS & Subscription Revenues in Q1 FY 22 SaaS and Subscription Revenue doubled - Revenue at INR 777 Mn in Q1 FY 22 as against INR 386 Mn in Q1FY21 License linked revenue (License + SaaS/Subscription + AMC) is at 58% of total revenues as against 50% of total revenues in Q1 FY21. Financial Highlights: Revenue: Total Revenue up by 21% YoY in Q1 FY 22 and stood at $ 55.38 Mn In INR terms, revenue up by 18% YoY in Q1FY22 and stood at INR 4083 Mn License, AMC and SaaS Revenue: License Revenue up by 32% YoY and stood at INR 792 Mn AMC Revenue up by 8% YoY and stood at INR 792 Mn SaaS and Subscription revenue up by 102% YoY and stood at INR 777 Mn Gross Margin, EBITDA and Net Profit Gross Margin is INR 2296 Mn in Q1 FY22, 56% of revenues grew from 53% in Q1 FY 21 EBITDA up by 48% YoY and stood at INR 1002 Mn in Q1 FY22 as against a INR 679 Mn in Q1 FY 21 Net Profit up by 73% YoY and stood at INR 737 Mn as against INR 426 Mn in Q1 FY 21 Digital led wins and implementations Q1 FY22 recorded 10 Digital led wins including 5 large Digital Transformation deal wins Intellect went live in 26 financial institutions across the world in Q1FY22 despite coming under pressure under the impact of the second wave of Covid in Indian delivery centers 8 New Implementations in Q1 FY 22 18 implementations with expanded product capabilities /additional Geographies Collections and Net DSO Collections for Q1 FY22 is INR 3099 Mn The Net Days of Sales Outstanding (DSO) is 131 days in Q1 FY22 as against 126 days in Q1 FY21 Investment in Product Development (Capitalised) is INR 286.9 Mn, against INR 269.2 Mn in Q1 FY21 Cash position Cash and Cash Equivalent is INR 2551 Mn as against INR 1918 Mn in Q1 FY21 Net cash as of Q1FY22 is at INR 2182 Mn as against INR 570 Mn in Q1 FY21 Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, “Intellect has identified and adopted the five trends of technology- Technology ecosystem change, Micro services based Packaged Business Capabilities, API based architecture, Data as a new oil and Cloud as a scalable Fintech & Digital ecosystem. Our early investments of R & D of over INR 12000 Mn in the last five years provided us an early head start for winning deals in advanced markets. The seventh consecutive quarter of growth in revenues and profits is a validation of our strategy.” Venkateswarlu Saranu, Chief Financial Officer, Intellect Design Arena Limited said, “The financial results are in line with our stated guidance. While the increased salience of SaaS deals results in short term cost commitments, these deals have a higher Total Contract value in the long term. We are focusing on achieving double digit growth for the year FY 2021-22." Result PDF