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Financial Software Testing Specialist, Thinksoft Global Services Ltd. (BSE:533121) (NSE: THINKSOFT), announced its first quarter results ended on 30th June' 2014. Thinksoft is a specialist in financial and banking software testing services, and is the only independent testing service provider listed in India. The results are available on the company's website, http://www.thinksoftglobal.com
PERFORMANCE HIGHLIGHTS
Consolidated YoY Review
Q1 � 15 Operating revenue was Rs 51.3 crore compared to Rs 43.0 crore during the corresponding quarter the previous year. This reflects strong demand for Thinksoft services from its client base.
Total income was Rs 51.8 crore compared to Rs 43.4crore during the corresponding quarter the previous year � an increase of 19%.
The Company reported EBITDA of Rs 10.1 crore compared to Rs 10.7 crore during the corresponding quarter of previous year, reflecting investments in billable staff to prepare for growth in future quarters.
EBITDA Margin stood at 19.7% for Q1FY15 compared to 25.0% in Q1FY14 with overheads slightly down by 0.2% to 25.1 % of revenue.
Net profit stood at Rs 6.3 crore during the quarter under review compared to Rs 10.2 crore during the corresponding quarter of the previous year, largely due to lower exchange rate gain to 0.5 crores as compared to 5.2 crores previous year.
Basic EPS stood at Rs 6.1 compared to Rs. 10.1 for Q1 � 14.
Commenting on the results, Dr. Martin M�ller, Managing Director & CEO, Thinksoft Global, said "The growth during the quarter was driven by healthy demand in North America and Europe where we will continue to focus our sales efforts for the medium term. I am pleased to report that after two quarters with SQS and further investment in billable resources, the company is now well positioned for growth." |
