Thread by @tycoonmindset05

Mastek concall was at 2:30 pm

"In 5 years, it took the Mastek to get first 10 million+ deal and then in next 1 year the company got two of those."
#joysofcompounding

Here are the concall highlights 😃

Overview

- 42% YoY growth rate because of the order book growth which was 70 to 80% more than the revenue

- Synergy of evosys and mastek will lead to more growth.

- Completely focused on digital cloud space which is growing the fastest.

- Added enough people in leadership and skillset.

- Company has clarity about the strategy and future acquisition.

- Lot of work rhe company is in is related with government and is about security.

- Signed with 25 million + pound deal with an existing customer.

- Signed a new logo for a long term engagement which became the fastest 10 million pound engagement in 6 months.

- Company is engaged with NHS in UK.

- Order book grew almost by 90%.

- Public sector grew by 35%.

- Company has bids which are in the pipeline which are more than 35 million pounds each.

- Company has partnered in the digital space with a Japanese company (HQ in UK)

- Cloud capability and cloud space is the focus.

- Company has entered into 3 large deals in UK Healthcare.

- Company has acquired first customer in local government space.

- The company wants to understand the market and develop itself in it coz the potential is huge.

- Record number of new contracts came in US business

- Growth in the coming times: most of them are 8n the retail space which have a significant IT wallet.

- Cross industry cooperation and competition is becoming real

- There is a higher demand of touch less retail space

North America business

- Focus to increase business in North America.

- Continued to inves in America by doubling the employees

- No. Of customers are much more sizeable in North America

- Growth is targeted towards Healthcare & lifesciences manufacturing and retail.

- Revenue is still about 20% from US. Aim is to have a similar growth which the company has thus quarter.

- Focus is towards doubling if order book is US.

Customers

- During the year company added 49 new customers. Out of which 10 customers have a revenue of more than 1 billion +.

- Home office and biometric space: A multi year deal the company has entered.

- There has been certain impact due to covid but is not significant.

Acquisition

- Industry is growing fast and the skil set required is changing very fast. Company is open to customer and market driven acquisition too.

Deals

- Largest one was 35 million + this year

- In 5 years, it took the company to get first 10 million+ deal and then in next 1 year the doubled the deal

- Focus is towards deepening the customer relationship and creating a larger base.

- Focusing towards defense deals.

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