Persistent Systems Limited · NSE:PERSISTENT
Persistent Systems — Q3 FY2018 Earnings Presentation
16 slides from Persistent Systems's earnings presentation, Jan 27, 2018
Slide 1: Persistent Systems Limited – Quarter ended December 31, 2017
PERSISTENT SYSTEMS LIMITED Quarter ended December 31, 2017 27 January 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 Q3 FY18: • USD Revenue grew by 3.8% QoQ and by 11.4% YoY to US$ 122.53 Million • INR Revenue grew by 4.0% QoQ and by 6.2% YoY to ₹ 7,918.90 Million • EBITDA @ 17.4% and grew by 18.8% QoQ and 15.9% YoY to ₹ 1,375.17 Million • Profit after Tax (PAT) @ 11.6% and grew by 10.9% QoQ a
Slide 5: Business Updates and Awards
Business Updates and Awards Sunil Sapre is inducted on the Board of Directors and designated as Additional Director (Executive Director and Chief Financial Officer) with immediate effect Mike Kuklenko joins as SVP Sales and will be driving our business growth in Europe Featured among the leadi
Slide 6: Sequential Q3 FY18 Vs. Q2 FY18
Sequential Q3 FY18 Vs. Q2 FY18 Particulars Change Exps / Sales % Q3FY18 Q2FY18 QoQ Q3FY18 Q2FY18 Revenue ($ M) Services 89.68 87.34 2.7% IP Led 32.85 30.76 6.8% Revenue ($ M) 122.53 118.10 3.8% Avg. Exchange Rate ₹ /US$ 64.63 64.46 0.3% Revenue (₹ M) 7,918.90 7,612.52 4.0% Cost of Revenue ₹M ₹M Empl
Slide 7: YoY Comparison Q3 FY18 vs Q3 FY17
YoY Comparison Q3 FY18 vs Q3 FY17 Particulars Change Exps / Sales % Q3FY18 Q3FY17 QoQ Q3FY18 Q3FY17 Revenue ($ M) Services 89.68 78.75 13.9% IP Led 32.85 31.28 5.0% Revenue ($ M) 122.53 110.03 11.4% Avg. Exchange Rate ₹ /US$ 64.63 67.76 -4.6% Revenue (₹ M) 7,918.90 7,455.35 6.2% Cost of Revenue ₹M ₹
Slide 8: Comparison YTD Dec 17 vs YTD Dec 16
Comparison YTD Dec 17 vs YTD Dec 16 Particulars Exps / Sales % YTD Dec 2017 YTD Dec 2016 % Change YTD Dec 2017 YTD Dec 2016 Revenue ($ M) Services 259.23 229.94 12.7% IP Led 94.37 90.03 4.8% Revenue ($ M) 353.60 319.97 10.5% Avg. Exchange Rate ₹ /US$ 64.51 67.24 -4.1% Revenue (₹ M) 22,811.57 21,513.
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars As on December 31, 2017 As on March 31, 2017 As on December 31, 2016 (₹ M) (₹ M) (₹ M) Assets PPE and Intangible assets 5,442.11 5,649.24 5,824.19 Non-Current Assets 525.43 398.98 460.28 Cash and Investments 11,377.78 9,411.53 9,070.65 Other Current Assets 8,58
Slide 10: Fact Sheet
Fact Sheet
Slide 11: Segments: Revenue Offerings
Fact Sheet Nos./% Q3FY18 Q2FY18 Q1FY18 Q4FY17 Q3FY17 FY17 FY16 Revenue from Operations, $ M 122.53 118.10 112.97 109.03 110.03 429.01 351.65 Revenue %, q-o-q/ y-o-y growth 3.8% 4.5% 3.6% -0.9% 4.6% 22.0% 14.0% Revenue from Operations, ₹ M 7,918.90 7,612.52 7,280.15 7,271.08 7,455.35 28,784.39 23,123
Slide 12: Classification
Fact Sheet % Q3FY18 Q2FY18 Q1FY18 Q4FY17 Q3FY17 FY17 FY16 North America 84.4% 83.4% 85.5% 86.5% 86.6% 86.4% 85.5% Revenue Mix Geography: Europe 7.3% 8.5% 5.9% 5.3% 5.3% 5.5% 6.5% India 5.8% 5.6% 5.9% 5.6% 5.5% 5.5% 6.7% ROW 2.5% 2.5% 2.7% 2.6% 2.6% 2.6% 1.3% Total 100.0% 100.0% 100.0% 100.0% 100.0%
Slide 13: Concentration
Fact Sheet Nos. Q3FY18 Q2FY18 Q1FY18 Q4FY17 Q3FY17 FY17 FY16 Clients billed Services 431 419 303 313 315 462 451 IP Led 268 277 306 308 339 465 539 Includes one time clients with overlap across business offerings Concentration % Q3FY18 Q2FY18 Q1FY18 Q4FY17 Q3FY17 FY17 FY16 Revenue Top 1 28.0% 25.9%
Slide 14: Attrition Linear Revenue Numbers
Fact Sheet USD / PPM Q3FY18 Q2FY18 Q1FY18 Q4FY17 Q3FY17 FY17 FY16 Yield 5,355 5,096 4,966 4,942 5,020 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 Q3FY18 Q2FY18 Q1FY18 Q4FY17 Q3FY17 FY17
Slide 15: Efforts and Utilization Mix - Linear
Fact Sheet Nos. / % Q3FY18 Q2FY18 Q1FY18 Q4FY17 Q3FY17 FY17 FY16 Efforts and Utilization Mix - Linear Billable Person Months 17,943 18,245 17,636 17,178 17,077 68,761 65,553 - Global Delivery Centers 2,777 2,689 2,431 2,236 2,109 8,515 7,682 - India 15,166 15,556 15,205 14,942 14,968 60,245 57,871 B
Slide 16: Thank You!
Thank You! Persistent Systems Limited Bhageerath, 402 Senapati Bapat Road Pune 411016, India www.persistent.com