Conference Call with Happiest Minds Technologies Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Happiest Minds Technologies announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: • Revenue in constant currency grew by 1.4% QoQ and 9.5% YoY • Operating Revenues in USD stood at $50.1 million (growth of 1.4% QoQ: 9.1% YoY) • Total Income of Rs 44,250 lakh (growth of 1.9% QoQ; 14.5% YoY) • EBITDA of Rs 10,822 lakh, 24.5% of Total Income (growth of 2.9% QoQ; 7.6% YoY) • PAT of Rs 7,198 lakh (growth of 20.7% QoQ; 24.8% YoY) • Free cash flows of Rs 10,744 lakh • EPS (diluted) for the quarter at Rs 4.79 FY24 Financial Highlights: • Revenue in constant currency grew by 11% YoY • Operating Revenues in USD stood at $196.1 million (growth of 10.3% YoY) • Total Income of Rs 171,003 lakh (growth of 17.9% YoY) • EBITDA of Rs 42,122 lakh, 24.6% of Total Income (growth of 10.9% YoY) • PAT of Rs 24,839 lakh (growth of 7.5% YoY) • Free cash flows of Rs 41,069 lakh • EPS (diluted) for the full year of Rs 16.73 Venkatraman Narayanan, MD & CFO, said “Happy to report a full year revenue growth in constant currency of 11% and EBITDA of 24.6%. I am proud of our performance especially in the face of a challenging year faced by our industry. Acquisition of PureSoftware Technologies and Macmillan Learning should help us in our growth story while delivering value to all our stakeholders” Joseph Anantharaju, Executive Vice Chairman, said,“We have onboarded ten new customers and have built up a good sales pipeline for FY25. This, along with the cross-selling opportunities afforded by our acquisitions, we are well positioned for a rewarding FY25. Our Customer Happiness Survey this year has yielded excellent and best net promoterscores, validating our compelling customer value proposition and quality execution.” Result PDF