Q4 FY 14 Consolidated PAT up 29.2% YoY, Revenues up 2.6% YoY

Inducts New Business Leaders, Strengthens Current Management Team. Sasken Q4 FY 14 Consolidated PAT up 29.2% YoY, Revenues up 2.6% YoY

Key Business Metrics for the year: FY 14

• Software services revenues for FY 14 at . 436.65 Crores
  • Down  1.9 % YoY from FY 13
• Products group revenues for FY 14 at  . 19.23 Crores
  • Down  29.9 % YoY from  FY 13
• Consolidated EBIDTA margins were at 11.7 %.
  • Services EBIDTA margins for the year was 13.6 %.
  • Products EBIDTA margins were at -27.0 %.
• PAT margins for the year were at 11.2 %
  • Consolidated EPS was at . 24.36 for the year

Speaking on the results, Sasken CEO Mr. Anjan Lahiri said, "After two quarters of flat revenues in Q2 and Q3 (on dollar terms) we are pleased to have registered a quarter of revenue growth. However, we are in the middle of a transformation and are adding new services and addressing new segments. The results of these changes will take time to show. The new team is in place and we are on our way to remaking of our business model based on the tremendous strengths of the past 25 years of great customer delivery".

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

Sasken Expands Business Portfolio:

Sasken has reorganized its business unit structure to better align with the market. It will now focus on two key business segments, Communication & Devices and IT Services and four practices consisting of ErND Practice, Testing Practice, Applications and Data Services Practice and the Infrastructure Practice.

The  Communication  &  Devices  Business  Unit  will  not  only  continue  to  focus  on  its traditional business of embedded communications through the ErND practice capability, but expand the addressable market by bringing the capabilities of the new practices to this customer segment. This business unit will work with Tier 1 Device OEMs, Network OEMs, Semiconductor  vendors  and  other  enterprises  in  the  communications  and  devices ecosystem.

The  IT  Services  Business  Unit  will  leverage  Sasken's  deep  entrenchment  in  building products and devices and bring product development capability to the enterprise IT customers with cutting edge technology capabilities, particularly the tremendous depth in mobile technologies, combined with industry domain knowledge. This business unit will focus on the BFSI and Retail industry segments.

"With this new business structure in place, Sasken has embarked on a turn around. We aim to consolidate our position in the coming quarters by delivering consistent performance and being the vehicle of bringing competitive advantage to our customers, said Anjan.

On Sasken's new strategic initiatives, Rajiv C Mody, Chairman & Managing Director said, "Augmenting our deep knowledge of mobility and embedded solutions with Applications & Data, Infrastructure and Testing, will give us a much better capability to meet the needs of our customer base and help them achieve their business objectives".

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 to environment 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.