Persistent Systems Limited · NSE:PERSISTENT
Persistent Systems — Q4 FY2018 Earnings Presentation
16 slides from Persistent Systems's earnings presentation, Apr 24, 2018
Slide 1: Persistent Systems Limited – Quarter ended March 31, 2018
PERSISTENT SYSTEMS LIMITED Quarter ended March 31, 2018 24 April 2018
Slide 2: Forward-looking and Cautionary Statements
Forward-looking and Cautionary Statements Certain statements in this Presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statement
Slide 3: Key Highlights
Key Highlights
Slide 4: Financial Highlights
Financial Highlights Q4 FY18: • USD Revenue at US$ 116.95 Million, dip of 4.6% QoQ and YoY growth of 7.3% • INR Revenue at ₹ 7,525.46 Million, dip of 5.0% QoQ and YoY growth of 3.5% • EBITDA ₹ 1,110.62 Million @ 14.8% of revenue, dip of 19.2% QoQ and 6.5% YoY • Profit after Tax (PAT) ₹ 737.06 Millio
Slide 5: Business updates and awards
Business updates and awards • Appointed Prof. Deepak B Phatak, recipient of Padma Shri award who recently retired as Professor of Computer Science at IIT Bombay and Mr. Guy Eiferman who is an expert in Life Sciences and Healthcare having held several important positions at Merck & Co., as additional
Slide 6: Sequential Q4 FY18 Vs. Q3 FY18
Sequential Q4 FY18 Vs. Q3 FY18 Particulars Change Exps / Sales % Q4FY18 Q3FY18 QoQ Q4FY18 Q3FY18 Revenue ($ M) Services 90.86 89.68 1.3% IP Led 26.09 32.85 -20.6% Revenue ($ M) 116.95 122.53 -4.6% Avg. Exchange Rate ₹ /US$ 64.35 64.63 -0.4% Revenue (₹M) 7,525.46 7,918.90 -5.0% Cost of Revenue ₹M ₹M
Slide 7: YoY Comparison Q4 FY18 vs Q4 FY17
YoY Comparison Q4 FY18 vs Q4 FY17 Particulars Change Exps / Sales % Q4FY18 Q4 FY17 QoQ Q4FY18 Q4 FY17 Revenue ($ M) Services 90.86 78.98 15.0% IP Led 26.09 30.05 -13.2% Revenue ($ M) 116.95 109.03 7.3% Avg. Exchange Rate ₹ /US$ 64.35 66.69 -3.5% Revenue (₹ M) 7,525.46 7,271.08 3.5% Cost of Revenue ₹
Slide 8: YoY Comparison FY18 vs FY17
YoY Comparison FY18 vs FY17 Particulars Exps / Sales % FY18 FY17 % Change FY18 FY17 Revenue ($ M) Services 350.09 308.93 13.3% IP Led 120.46 120.08 0.3% Revenue ($ M) 470.55 429.01 9.7% Avg. Exchange Rate ₹ /US$ 64.47 67.09 -3.9% Revenue (₹ M) 30,337.03 28,784.39 5.4% Cost of Revenue ₹M ₹M Employee
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ M) As on As on Particulars March 31, 2018 March 31, 2017 Assets PPE and Intangible assets 5,173.88 5,649.24 Non-Current Assets 605.90 398.98 Cash and Investments 12,264.77 9,411.53 Other Current Assets 8,273.68 7,893.23 Total 26,318.23 23,352.98 Equity and Liabilities E
Slide 10: Fact Sheet
Fact Sheet
Slide 11: Revenue by Offerings and Segments
Fact sheet Nos./% Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 FY18 FY17 Revenue from Operations, USD M 116.95 122.53 118.10 112.97 109.03 470.55 429.01 Revenue %, q-o-q/ y-o-y growth -4.6% 3.8% 4.5% 3.6% -0.9% 9.7% 22.0% Revenue from Operations, INR M 7,525.46 7,918.90 7,612.52 7,280.15 7,271.08 30,337.03 28
Slide 12: Revenue Mix by Geography, Industry and Delivery Center
Fact Sheet % Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 FY18 FY17 North America 80.9% 84.4% 83.4% 85.5% 86.5% 83.5% 86.4% Revenue Mix Geography: Europe 8.2% 7.3% 8.5% 5.9% 5.3% 7.5% 5.5% India 7.9% 5.8% 5.6% 5.9% 5.6% 6.3% 5.5% ROW 3.0% 2.5% 2.5% 2.7% 2.6% 2.7% 2.6% Total 100.0% 100.0% 100.0% 100.0% 100.0%
Slide 13: Clients and Revenue Concentration
Fact Sheet Nos. Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 FY18 FY17 Clients billed Services 426 431 419 303 313 569 462 IP Led 177 268 277 306 308 387 465 Includes one time clients with overlap across business offerings Concentration % Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 FY18 FY17 Revenue Top 1 21.7% 28.0%
Slide 14: Yield, Attrition and People Numbers
Fact Sheet USD / PPM Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 FY18 FY17 Yield 5,225 5,355 5,096 4,966 4,942 5,160 4,834 Yield is computed as a ratio of total revenue to billable person months excluding employees under training. Linear Revenue Person Month USD / PPM Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 FY18
Slide 15: Efforts and Utilization Mix - Linear
Fact Sheet Nos. / % Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 FY18 FY17 Efforts and Utilization Mix - Linear Billable Person Months 17,382 17,943 18,245 17,636 17,178 71,207 68,761 - Global Delivery Centers 2,713 2,777 2,689 2,431 2,236 10,609 8,515 - India 14,669 15,166 15,556 15,205 14,942 60,597 60,245
Slide 16: Thank You!
Thank You! Persistent Systems Limited