#HappiestMinds Q3 22 ConCall Highlights
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Numbers Update -
1. The revenue for Q3 stood at 284 cr up by 47.3% YoY and 7.3% QoQ
2. Total income for Q3 was 292 cr
3. EBITDA stood at 76 cr up by 27.8% YoY, PBT at 65 cr up by 22.8% YoY
Like & Retweet for better reach !
Numbers Update -
1. The revenue for Q3 stood at 284 cr up by 47.3% YoY and 7.3% QoQ
2. Total income for Q3 was 292 cr
3. EBITDA stood at 76 cr up by 27.8% YoY, PBT at 65 cr up by 22.8% YoY
4. EBITDA Margins were industry leading at 26.1%
5. DSO stood at 93 days
6. Attrition 21.1% TTM
Business Segments -
1. Product Engineering Services - The revenue from PES was 136.6 cr
2. Digital Business Services - The revenue from DBS stood at 85.11 cr
5. DSO stood at 93 days
6. Attrition 21.1% TTM
Business Segments -
1. Product Engineering Services - The revenue from PES was 136.6 cr
2. Digital Business Services - The revenue from DBS stood at 85.11 cr
3. Infrastructure Management & Security Services - The revenue from IMSS stood at 63.22 cr
4. The revenue from automation was 27.1% of total revenue, reported separately because automation overlaps with all the business segments.
4. The revenue from automation was 27.1% of total revenue, reported separately because automation overlaps with all the business segments.
Business Updates -
1. 11 new clients were added in this quarter, taking the total number at 195.
2. Average revenue per customer is 794K (US dollar) compared to 684K (US dollar) previous quarter.
In Q3 the company added 225 new happiest minds, taking the total number above 4000
1. 11 new clients were added in this quarter, taking the total number at 195.
2. Average revenue per customer is 794K (US dollar) compared to 684K (US dollar) previous quarter.
In Q3 the company added 225 new happiest minds, taking the total number above 4000
3. In Q3 the utilisation stood at 81% up by 1.3% QoQ
4. The overall demand for the services continues to be strong
5. Most part of the business depends upon the global scenarios as the business functions more outside India, and demand out is strong
4. The overall demand for the services continues to be strong
5. Most part of the business depends upon the global scenarios as the business functions more outside India, and demand out is strong
6. Acquisition of people and attrition were the cost pressures
7. Company sees a sustained level of demand for transformation happening at customers' end bringing in more growth as well as revenue.
7. Company sees a sustained level of demand for transformation happening at customers' end bringing in more growth as well as revenue.
8. The company has started campus hiring, plans to add around 500 freshers.
9. The first customer for BlockChain was 4 or 5 years ago, shows that company does well in exploring newer tech.
9. The first customer for BlockChain was 4 or 5 years ago, shows that company does well in exploring newer tech.
Deals during the quarter
1. won a multi-year, multi-million dollar managed service contract to partner on the transformational and operational excellence journey of a telecommunication provider operating in more than 200 countries.
1. won a multi-year, multi-million dollar managed service contract to partner on the transformational and operational excellence journey of a telecommunication provider operating in more than 200 countries.
2. multi-million dollar deal to provide End to End Infrastructure and Security Services by leveraging Microsoft Azure For a global EduTech SaaS company.
3. Chosen as a partner by a leading cyber security platform to be an engineering partner to co develop their platform.
3. Chosen as a partner by a leading cyber security platform to be an engineering partner to co develop their platform.
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