Thinksoft Global Services releases Q1FY14 total revenue at Rs 49 Crore

26th July 2013 | By Mouseworld Now Correspondent |

New Delhi, India, July 26, 2013: Financial Software testing, Thinksoft Global Services Ltd. released its first quarter results ended on 30th June’ 2013. Thinksoft Global Services is a specialist in financial and banking software testing services, and is the only listed independent testing service provider in India. The results are available on the company’s website, http://www.thinksoftglobal.com

A.V. Asvini Kumar, Chairman & Managing Director, Thinksoft Global, said “The Company saw a strong/ improved performance during the quarter with operating revenues increasing by 15% and net profits increasing by 366% compared to the previous quarter. The Cards & Payments segment and the Europe geography has been the key driver for growth during the quarter. We are confident that the growth momentum will continue as we ramp different segments of our business. ”

Performance Highlights

Consolidated Q-o-Q Review

Operating revenue was Rs 43.0 crore during the quarter under review as compared to Rs 37.4 crore during the sequential previous quarter reflecting an increase of 15% in rupee terms and in USD by 7% to $ 7.46 Mn.

Total income was Rs 49.0 crore during the quarter under review as compared to Rs 37.7 crore during the sequential previous quarter, an increase of 30% and in USD by 22% to $ 8.53 Mn.

The Company reported EBITDA of Rs 10.4 crore as compared to Rs 4.8 crore during the sequential previous quarter.

EBITDA Margin stood at 24.0% for Q1FY14 as against 12.9% in Q4FY13; up 1112bps.

Net profit stood at Rs 10.3 crore during the quarter under review as compared to Rs 2.2 crore during the sequential previous quarter, an increase of 366%.

Basic EPS stood at Rs 10.12, increase of 364% on sequential basis.

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