We interacted with the management of R System International Ltd recently. Here are the key highlights:?Going ahead, management expects dollar revenue growth of 11-12% for CY19 and 12-13% for CY20. Management indicates that Ebitda margins for Q4CY19 is likely to come in at 9 -10% vs 7.8% in Q3CY19, thereby ending the year in the range of 8.6-9%. Ebitda margin for CY20 is further likely to see an improvement of 200-300bps, according to management.At CMP, the share is trading at EV/Ebitda of 8.5x and PE of 12.1x TTM Q3CY19 EPS