Q2 FY15 result announced.

Bangalore, 20 October 2014: Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) today announced its consolidated results according to Indian GAAP for the second quarter and half year ended September 30, 2014.

Speaking on the results, Rajiv Mody, Chairman and Managing Director said, "We continue to build on our product engineering and IT services portfolio. We expect to consolidate and build on these initiatives over the next few quarters". "As announced earlier this quarter, our successfully winning the arbitration award against Spreadtrum Communications Inc. is a testimony to our ability to create IP that is globally valued", added Mr. Mody.

Performance Snapshot for the Half Year: H1 FY 15

• Consolidated Revenues for H1 FY 15 at Rs. 216.36 Crore
  • Down 5.3 % YoY from H1 FY 14
• Consolidated EBIDTA for H1 FY 15 at Rs. 21.60 Crore
  • Down 23.0 % YoY from H1 FY 14
• Consolidated PAT for H1 FY 15 at Rs. 100.50 Crores
  • Up 221.3 % YoY from H1 FY 14
  • PAT Margins for the half year at 46.5 %

Key Business metrics for the half year: H1 FY 15

• Software services revenues for H1 FY 15 at Rs. 209.23 Crore
  • Down 3.8 % YoY from H1 FY 14
• Products group revenues for H1 FY 15 at  Rs.5.94 Crore
  • Down 41.2 % YoY from H1 FY 14
• Consolidated EBIDTA margins were at 9.9 %.
  • Services EBIDTA margins were at 10.1 %
  • Products EBIDTA margins were at 12.0 %

Performance Snapshot for the Quarter: Q2 FY 15

• Consolidated Revenues for Q2 FY 15 at Rs. 108.16 Crore
  • No change over the previous quarter
  • Down  4.4 % YoY from Q2 FY 14
• Consolidated EBIDTA for Q2 FY 15 at Rs. 9.80 Crore
  • Down 17.0 % sequentially over the previous quarter
  • Up 2 % YoY from Q2 FY 14
• Consolidated PAT for Q2 FY 15 at Rs. 92.14 Crore
  • Up 1002.0 % sequentially over the previous quarter
  • Up 569.6 % YoY from Q2 FY 14
  • PAT Margins for the quarter at 85.2 %

Key Business metrics for the Quarter: Q2 FY 15

• Software services revenues for Q2 FY 15 at Rs. 104.10 Crore
  • Down 1.0 % sequentially over the previous quarter
  • Down 3.6 % YoY from Q2 FY 14
• Products group revenues for Q2 FY 15 at  Rs.3.52 Crore
  • Up 45.7 % sequentially over the previous quarter
  • Down 23.4 % YoY from Q2 FY 14
• Consolidated EBIDTA margins were at 9.10 %.
  • Services EBIDTA margins were at 8.8 %
  • Products EBIDTA margins were at 20.3 %

• Revenue contribution from
  • the Top 5 customers stood at 46.4 % and
  • from Top 10 customers at 64.7 %
• For the quarter, Consolidated EPS before exceptional items was at Rs.4.64 and after exceptional items was at  Rs.43.27
• For details on exceptional items, kindly refer notes to Clause 41 financials

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken :

Sasken is a global leader in providing embedded R&D services, comprehensive testing services, IT infrastructure services and application development & data services to device OEMs, network OEMs, semiconductor vendors, operators and retail & insurance enterprises across the world. Global Fortune 500 and Tier 1 companies in these segments are part of Sasken's customer profile.

Sasken's solutions are backed by ISO 9001:2000, ISO 27001 and TL 9000 certifications. Sasken's proprietary quality management systems strengthen our business offerings and ensure client satisfaction. Sasken's commitment toenvironment is highlighted by its ISO 14001 certification.

For further information please visit www.sasken.com

Disclaimer on forward looking statements:

Certain statements in this release 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 statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.