Datamatics Global Services Q1FY14 Consolidated Net Sales Up 17.9% (YoY) at Rs. 144.92 Crore

Online, August 18, 2013 (Newswire.com) - Q1FY14 Results Media Release

BSE Code: 532528

FY13 Sales: Rs. 550 crore

FY13 EBIDTA: Rs. 56.76 crore

Headquartered in Mumbai (India), with 32 offices globally in 10 countries -India, U.S., UK, Germany, Australia, Dubai, Singapore, Switzerland, Vienna and Bosnia.

Industries served - Banking & Finance, Insurance, Publishing, Manufacturing, Research and Retail.

Caters to Business processes - F&A, Enterprise Document Management, Portal Management, Publishing Solutions, Application Development, Support & Testing, Data warehousing & Analytics, Engineering & Embedded solutions, Billing solutions, Enterprise Content etc.

Partners several fortune 500 companies and has undertaken alliances with leading companies like - IBM, Microsoft etc/

Mumbai, August 19, 2013: Datamatics Global Services (DGSL), the global Information Technology (IT) and Knowledge Process Outsourcing (KPO) organization partnering several fortune 500 companies globally for delivering next-generation business solutions today announced the financial results for the first quarter ended as on June 30, 2013.

Q1FY14 Performance - Consolidated basis (YoY)

â-ª The Company's revenues increased by 17.9% to Rs. 144.92 crore as compared to Rs. 122.89 crore in Q1FY13

â-ª EBIDTA increased by 35.5% to Rs. 18.82 crore as compared to Rs. 13.88 crore in Q1FY13

â-ª EBIDTA margin improved by 170 bps to 13% as compared to 11.3% in Q1FY13

â-ª Net profit after minority interest also improved by 41.5% at Rs. 10.87 crore as compared to Rs. 7.68 crore during Q1FY13

â-ª Earnings per share stood at Rs. 1.84 during Q1FY14 as compared to Rs. 1.30 during Q1FY13

Q1FY14 Performance - Consolidated basis (QoQ)

â-ª The Company's revenues stood at Rs. 144.92 crore as compared to Rs. 149.67 crore during Q4FY13

â-ª EBIDTA increased by 34.5 % to Rs. 18.82 crore as compared to Rs. 13.99 crore in Q4FY13

â-ª EBIDTA margin improved by 364 bps to 13% as compared to 9.3% in Q4FY13

â-ª Net profit afer minority interest increased by 173.3% at Rs. 10.87 crore as compared to Rs. 3.98 crore during Q4FY13

â-ª Earnings per share stood at Rs. 1.84 during Q1FY14 as compared to Rs. 0.67 during Q4FY13

Q1FY14 Performance - Standalone basis (QoQ)

â-ª The Company's revenues stood at Rs. 46.82 crore as compared to Rs. 46.97 crore during Q4FY13

â-ª EBIDTA increased by 3.12 % to Rs. 11.69 crore as compared to Rs. 11.34 crore in Q4FY13

â-ª Net profit after minority interest increased by 11.16% at Rs. 7.72 crore as compared to Rs. 6.94 crore during Q4FY13

Business Developments

· Datamatics continued to consolidate its operations in the key markets thereby controlling costs and investing in its people to ensure sustained growth

· Datamatics received the "Most Valuable IT Software Company in India" award at the 4th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards

· Won four prestigious awards at the 21st World HRD Congress

· Won two awards including 4th CMO Asia Awards for excellence in Branding & Marketing and Corporate Communication Professional of the Year

Management comment

Commenting on the company's performance, Mr. Rahul Kanodia, Vice Chairman & CEO, Datamatics Global Services, said - "Our performance comes in wake of an improving economic environment in Europe and US, coupled with the appreciation in foreign exchange during the quarter under review. These extenal factors coupled with our consistent efforts to strengthen our cost and quality propositions have all started reflecting in the numbers of the past quarter. We believe that the momentum in the international markets will continue to improve and being an established solutions provider in these geographies will culminate to improved performance in the coming quarters as well. As far as India is concerned, we would continue to pursue the margin business over volume business until the economy stabilises."

About Datamatics Global Services

Datamatics, a trusted partner to several Fortune 500 Companies is a global provider of Information Technology (IT) and Knowledge Process Outsourcing (KPO) and Consulting services. The company provides business aligned next-generation solutions to a wide range of industry verticals that help enterprises across the world overcome their business challenges and achieve operational efficiencies. These solutions leverage innovations in technology, knowledge of business processes, and domain expertise to provide clients a competitive edge.