Persistent Systems Limited · NSE:PERSISTENT
Persistent Systems — Q3 FY14 Earnings Presentation
22 slides from Persistent Systems's earnings presentation, Jan 25, 2014
Slide 1: Persistent Systems Limited
www.persistent.com Persistent Systems Limited Quarter ending December 31, 2013 January 25, 2014 © 2014 Persistent Systems Ltd.
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
www.persistent.com Key Highlights
Slide 4: Key Highlights – Q3 FY14 Performance
Key Highlights – Q3 FY 14 Performance Revenue was USD 69.94 Million, representing a Y-o-Y growth of 15.1% and Q-o-Q growth of 2.2% Services revenue grew 3.8% Q-o-Q while IP Led revenue declined 4.9% Q-o-Q. Revenue was INR 4,327.57 Million, representing a Y-o-Y growth of 30.0% and Q-o-Q growth
Slide 5: Key Highlights – Nine Months Ended December 31, 2013
Key Highlights – Nine Months Ended December 31, 2013 Revenue was USD 201.42 Million as against USD 175.71 Million for the nine months ended December 31, 2012, representing a growth of 14.6%. Revenue was INR 12,224.16 Million as against INR 9,605.53 Million for the nine months ended December 31,
Slide 6: Key Highlights
Key Highlights Appointed Ranga Puranik as the President of Persistent Systems, Inc., and Head of the company’s global sales and marketing. Successfully co-organized India’s largest innovation expo in Pune, ‘Inclusive Innovations Expo-2013’ Persistent Venture Fund invested in two US companies,
Slide 7: Awards and Recognitions
Awards and Recognitions “2013 Global Services 100 Award”, recognized as a Global Service Business Leader for third consecutive year “2013 Cloud Computing Excellence Award” by TMC, a global integrated media company Received “Inc. India Innovative 100 Technology Award” from Inc. India Magazine
Slide 8: Financial Performance
www.persistent.com Financial Performance
Slide 9: Sequential Q3 FY14 Vs. Q2 FY14
Sequential Q3 FY14 Vs. Q2 FY14 Change Exps / Sales % Particulars Q3 FY14 Q2 FY14 QoQ Q3FY14 Q2FY14 Revenue (USD M) Services 57.48 55.35 3.8% IP Led 12.46 13.10 -4.9% Revenue (USD M) 69.94 68.45 2.2% Avg. Exchange Rate INR/USD 61.88 63.17 -2.0% Revenue (INR M) 4,327.57 4,323.71 0.1% Cost of Revenue R
Slide 10: Y-o-Y Q3 FY14 Vs. Q3 FY13
Y-o-Y Q3 FY14 Vs. Q3 FY13 Change Exps / Sales % Particulars Q3 FY14 Q3 FY13 YoY Q3FY14 Q3FY13 Revenue (USD M) Services 57.48 49.72 15.6% IP Led 12.46 11.03 13.0% Revenue (USD M) 69.94 60.75 15.1% Avg. Exchange Rate INR/USD 61.88 54.81 12.9% Revenue (INR M) 4,327.57 3,329.85 30.0% Cost of Revenue Rs.
Slide 11: Performance of YTD December 2013 Vs. December 2012
Performance of YTD December 2013 Vs. December 2012 Particulars Exps / Sales % YTD Dec 2013 YTD Dec 2012 Change YTD Dec 2013 YTD Dec 2012 Revenue (USD M) Services 166.37 145.67 14.2% IP Led 35.05 30.04 16.7% Revenue (USD M) 201.42 175.71 14.6% Avg. Exchange Rate INR/USD 60.69 54.67 11.0% Revenue (INR
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet INR M As at Dec 31, As at Dec 31, As at March 31, 2013 2012 2013 Equity and Liabilities Equity Share Capital 400.00 400.00 400.00 Reserves & Surplus 11,167.58 9,320.66 9,782.55 Non-Current Liabilities 420.04 110.93 653.46 Current Liabilities 3,111.91 2,158.98 1,835.27 Tota
Slide 13: Key Financials Ratios: Q3 FY14
Key Financials Ratios: Q3 FY14 Change Change Ratios, % Q3 FY14 Q2 FY14 Q3 FY13 QoQ YoY Gross Margin 43.9% 43.9% 0.0% 43.5% 0.4% S&M to Revenue 8.1% 8.8% -0.7% 7.6% 0.5% G&A to Revenue 8.0% 9.1% -1.1% 11.2% -3.2% Total S G&A to Revenue 16.1% 17.9% -1.8% 18.8% -2.7% EBIDTA Margin 27.8% 26.0% 1.8% 24.7
Slide 14: Fact Sheet
www.persistent.com Fact Sheet
Slide 15: Fact Sheet: Revenue, Offerings and Segments
Fact Sheet Nos./% Q3 FY14 Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 FY13 FY12 Revenue Total Revenue, USD M 69.94 68.45 63.03 62.11 60.75 237.82 207.39 %, q-o-q/ y-o-y growth 2.2% 8.6% 1.5% 2.2% 1.2% 14.7% 21.8% Revenue from Operations, INR M 4,327.57 4,323.71 3572.88 3,339.59 3,329.85 12,945.12 10,003.11 %, q
Slide 16: Fact Sheet: Geography and Onsite/Offshore Mix
Fact Sheet (Contd…) % Q3 FY14 Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 FY13 FY12 Revenue Mix Geography: North America 83.1% 84.6% 87.6% 85.1% 85.1% 84.8% 82.5% Europe 6.0% 4.4% 4.8% 5.7% 6.1% 6.5% 7.3% Asia-Pacific 10.9% 11.0% 7.6% 9.2% 8.8% 8.7% 10.2% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% O
Slide 17: Fact Sheet: Clients and Concentration
Fact Sheet (Contd…) Nos. Q3 FY14 Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 FY13 FY12 Clients billed1 Prod. Eng. & Platforms 253 243 253 279 264 406 IP Led 380 388 387 418 394 510 1 includes one time clients with overlap across business offerings Concentration % Q3 FY14 Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 FY13 FY1
Slide 18: Fact Sheet: Yield, Billing Rates and Attrition
Fact Sheet (Contd…) USD/p.p.m Q3 FY14 Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 FY13 FY12 Yield2 3934 3,919 3,602 3,769 3,838 3,686 3,262 2 Yield is computed as a ratio of revenue to billable person months excluding employees under training. USD/p.p.m Q3 FY14 Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 FY13 FY12 Rates3 B
Slide 19: Fact Sheet: People Numbers
Fact Sheet (Contd…) Nos. Q3 FY14 Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 FY13 FY12 People Numbers Technical 7,109 6,982 6,689 6,540 6,287 6,540 6,223 Sales & Business Development 139 128 119 99 101 99 95 ROW 354 347 336 331 331 331 310 Grand Total 7,602 7,457 7,144 6,970 6,719 6,970 6,628 Days Q3 FY14 Q2 FY
Slide 20: Fact Sheet: Efforts Mix
Fact Sheet (Contd…) Nos. Q3 FY14 Q2 FY14 Q1 FY14 Q4 FY13 Q3 FY13 FY13 FY12 Billable Person Months 15,517 15,258 15,161 14,212 13,570 55,541 57,447 - Onsite 1,152 1,106 1,081 967 915 3,718 3,527 Efforts Mix - Linear - Offshore 14,365 14,152 14,080 13,245 12,655 51,823 53,920 Billed Person Months 11,3
Slide 21: Thank you
www.persistent.com Thank you
Slide 22: Persistent owned facilities
Persistent owned facilities Bhageerath Aryabhata–Pingala Panini Senapati Bapat Road, Pune Karve Road, Pune Senapati Bapat Road, Pune Goa Rigveda-Yajurveda-Samaveda-Atharvaveda Gargi-Maitreyi Verna, Goa Hinjawadi, Pune MIDC, Parsodi, Nagpur 22