Persistent Systems Limited · NSE:PERSISTENT
Persistent Systems — Q2 FY2018 Earnings Presentation
16 slides from Persistent Systems's earnings presentation, Oct 16, 2017
Slide 1: Persistent Systems Limited – Quarter ended September 30, 2017
PERSISTENT SYSTEMS LIMITED Quarter ended September 30, 2017 16 October 2017
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 Q2 FY18: • USD Revenue grew by 4.5% QoQ and by 12.3% YoY to US$ 118.10 Million • INR Revenue grew by 4.6% QoQ and by 8.1% YoY to ₹ 7,612.52 Million • EBITDA grew by 10.9% QoQ and 4.5% YoY to ₹ 1,157.82 Million • Profit after Tax (PAT) grew by 10.0% QoQ and 12.4% YoY to ₹ 826.23
Slide 5: Business Highlights and Awards
Business Highlights and Awards Received the ‘IBM Transformation Award for IBM Watson and Watson IoT solutions at the IBM partner event in Kuala Lumpur Recognized for IoT Technology competency in ‘Zinnov Zones 2017 – IoT Technology Services’ Report Featured among the leading players for digital
Slide 6: Sequential Q2 FY18 Vs. Q1 FY18
Sequential Q2 FY18 Vs. Q1 FY18 Particulars Change Exps / Sales % Q2FY18 Q1FY18 QoQ Q2FY18 Q1FY18 Revenue ($ M) Services 87.34 82.21 6.2% IP Led 30.76 30.76 0.0% Revenue ($ M) 118.10 112.97 4.5% Avg. Exchange Rate ₹ /US$ 64.46 64.44 0.0% Revenue (₹ M) 7,612.52 7,280.15 4.6% Cost of Revenue ₹M ₹M Empl
Slide 7: YoY Comparison Q2 FY18 Vs. Q2 FY17
YoY Comparison Q2 FY18 Vs. Q2 FY17 Particulars Change Exps / Sales % Q2FY18 Q2 FY17 QoQ Q2FY18 Q2 FY17 Revenue ($ M) Services 87.34 75.92 15.0% IP Led 30.76 29.26 5.1% Revenue ($ M) 118.10 105.18 12.3% Avg. Exchange Rate ₹ /US$ 64.46 66.93 -2.1% Revenue (₹ M) 7,612.52 7,040.19 8.1% Cost of Revenue ₹
Slide 8: Comparison H1 FY18 Vs. H1 FY17
Comparison H1 FY18 Vs. H1 FY17 Particulars Change Exps / Sales % H1 FY18 H1FY17 YoY H1 FY18 H1FY17 Revenue ($ M) Services 169.55 151.19 12.1% IP Led 61.52 58.75 4.7% Revenue ($ M) 231.07 209.94 10.1% Avg. Exchange Rate ₹ /US$ 64.45 66.96 -3.7% Revenue (₹ M) 14,892.67 14,057.96 5.9% Cost of Revenue ₹
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ Million As on September 30, As on March 31, As on September 30, Particulars 2017 2017 2016 Assets PPE and Intangible assets 5,766.80 5,649.24 5,844.74 Non-Current Assets 531.77 398.98 355.62 Cash and Investments 10,256.59 9,411.53 8,454.13 Other Current Assets 8,144.47 7
Slide 10: Fact Sheet
Fact Sheet
Slide 11: Revenue, Offerings and Segments
Fact sheet Nos./% Q2FY18 Q1FY18 Q4FY17 Q3FY17 Q2FY17 FY17 FY16 Revenue from Operations, USD M 118.10 112.97 109.03 110.03 105.18 429.01 351.65 Revenue %, q-o-q/ y-o-y growth 4.5% 3.6% -0.9% 4.6% 0.4% 22.0% 14.0% Revenue from Operations, INR M 7,612.52 7,280.15 7,271.08 7,455.35 7,040.19 28,784.39 23
Slide 12: Geography, Industry and Delivery Center Revenue Mix
Fact Sheet % Q2FY18 Q1FY18 Q4FY17 Q3FY17 Q2FY17 FY17 FY16 North America 83.4% 85.5% 86.5% 86.6% 85.4% 86.4% 85.5% Revenue Mix Geography: Europe 8.5% 5.9% 5.3% 5.3% 6.1% 5.5% 6.5% India 5.6% 5.9% 5.6% 5.5% 5.6% 5.5% 6.7% ROW 2.5% 2.7% 2.6% 2.6% 2.9% 2.6% 1.3% Total 100.0% 100.0% 100.0% 100.0% 100.0%
Slide 13: Client Concentration and Engagement Size
Fact Sheet Nos. Q2FY18 Q1FY18 Q4FY17 Q3FY17 Q2FY17 FY17 FY16 Clients billed Services 419 303 313 315 314 462 451 IP Led 277 306 308 339 335 465 539 Includes one time clients with overlap across business offerings Concentration % Q2FY18 Q1FY18 Q4FY17 Q3FY17 Q2FY17 FY17 FY16 Revenue Top 1 25.9% 27.9%
Slide 14: Yield, Attrition and People Numbers
Fact Sheet USD / PPM Q2FY18 Q1FY18 Q4FY17 Q3FY17 Q2FY17 FY17 FY16 Yield 5,096 4,966 4,942 5,020 4,677 4,834 4,448 Yield is computed as a ratio of total revenue to billable person months excluding employees under training. Linear Revenue Person Month USD / PPM Q2FY18 Q1FY18 Q4FY17 Q3FY17 Q2FY17 FY17
Slide 15: Efforts and Utilization Mix - Linear
Fact Sheet Nos. / % Q2FY18 Q1FY18 Q4FY17 Q3FY17 Q2FY17 FY17 FY16 Efforts and Utilization Mix - Linear Billable Person Months 18,245 17,636 17,178 17,077 17,474 68,761 65,553 - Global Delivery Centers 2,689 2,431 2,236 2,109 2,048 8,515 7,682 - India 15,556 15,205 14,942 14,968 15,426 60,245 57,871 B
Slide 16: Thank You!
Thank You! Persistent Systems Limited