Birlasoft Q4 Revenue; up 15% YoY

2024-04-18 04:51:08 Business

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Pune, Noida (India), May 20, 2020: Birlasoft [BSE: 532400, NSE: BSOFT], a part of the USD 2.4 billion diversified CK Birla Group, reported its audited consolidated financial results for the fourth quarter and year ended March 31,2020.

Dharmender Kapoor, Managing Director and Chief Executive Officer, Birlasoft, said, ?FY20, being our first year of operations as new Birlasoft, makes me look back with great satisfaction. We have achieved industry-leading growth over the past two quarters and are closing the year strong, even in the midst of the turmoil of COVID-19. I want to thank our Birlasoft team for challenging themselves to excel as the partner that our customers can depend upon in a time of crisis. We not only successfully integrated and adapted to the new organization model, but have set ourselves apart as nimble, dependable and innovative. By enabling and supporting our customers from the beginning of this pandemic, and keeping our focus on the health and safety of our employees, we continue to make the best of this challenging situation.?

Other highlights

? The Board recommends a final dividend of Rs. 1/- per share (Face Value Rs 2/-)

o Total dividend for FY 19-20 at 2/- per share

? Signed TCV deals of $ 669 M during the year, including one of the largest deals ($ 242 M)

o Won $ 433 M of new business and $ 236 M of renewals for FY20 (TCV)

? Active Client Count at 378 o > $ 10 M customer at 7; up by 1 during Q4

o > $ 5 M customer at 17; up 2 during Q4

? Net Cash of $ 48.8 M (pre-dividend) generated during the Year

o Cash & Equivalents up from US$ 83.1 M to US$ 88.4 M (INR 666 Cr); up US$ 5.3 M

? DSO at 72 days, down by 7 days YoY
? Manpower strength of 10,268 as at 31st March 2020 versus 10,061 a year back

o Net addition of 207 professionals during the financial year and 139 during the quarter

About Birlasoft

Birlasoft combines the power of domain, enterprise and digital technologies to reimagine business processes for customers and their ecosystem. Its consultative and design thinking approach makes

societies more productive by helping customers run businesses. As part of the multibillion dollar diversified The CK Birla Group, Birlasoft, with its 10,000+ professionals, is committed to continuing its 158-year heritage of building sustainable communities.