Moderator: Good evening ladies and gentlemen. Thank you ... - KPIT
Moderator: Good evening ladies and gentlemen. Thank you ... - KPIT
Moderator: Good evening ladies and gentlemen. Thank you ... - KPIT
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Q1FY07 – Concall Transcript<br />
Shah: Also we have most of our debts in US dollars million <strong>and</strong> linked to<br />
Libor, have we hedged any interest rates or is there any plan to do that<br />
Anil: We haven’t hedged interest rates. Our interest rate structure is linked<br />
to be Libor <strong>and</strong> we believe that Libor is at the peak level <strong>and</strong> it has to decline<br />
going forward.<br />
Shah: Okay, thanks <strong>and</strong> congratulations <strong>and</strong> all the best.<br />
<strong>Moderator</strong>: <strong>Thank</strong> <strong>you</strong> Mr. Shah for <strong>you</strong>r questions. We have our next question<br />
from Mr. S<strong>and</strong>ip Shah of Motilal Oswal. Please go ahead Sir.<br />
Shah: Sir, if <strong>you</strong> look at the qualitative growth, I think Cummins is now<br />
reaching a level where significant growth might not be expected, though every<br />
quarter we are getting the positive surprise out of Cummins. And if <strong>you</strong> also<br />
look at the non-Cummins star customers because of some problems with a<br />
couple of clients in terms of the revenue deferral growth is also not coming<br />
from these clients. So do <strong>you</strong> believe the non-star customers have a suitability<br />
to give us the revenue creditability to achieve 100 million dollar mark<br />
Patil: Yeah, I think what we have been in a position to do during the last 2-3<br />
years is, develop some of these customers, in addition to the original star<br />
customers. Many other customers went to reasonable size relationship. So we<br />
believe that we have sufficient base of customers who can drive our growth<br />
from this year <strong>and</strong> in future <strong>and</strong> we do have a reasonable kind of visibility in<br />
terms of growth from these customers.<br />
Shah: Okay, so our revenue is largely based on our some amount of<br />
communication with the clients where we have some visibility<br />
Patil: Absolutely.<br />
Shah: Okay, Sir can <strong>you</strong> just brief us in terms of the revenue contribution from<br />
the ATS in this quarter as well as business intelligence.<br />
P<strong>and</strong>it: If <strong>you</strong> recollect in the last analyst meet, we had mentioned that we<br />
have gone ahead for the line of business structure only recently, <strong>and</strong> we have<br />
not yet have a complete clarity of decisions regarding how the customers will<br />
be divided over the various LOBs. It could take us another two or three<br />
quarters to come to a complete agreement on that <strong>and</strong> thereafter we will start<br />
reporting on LOB-wise revenues. We will need some time to come close, but I<br />
would imagine that our total advanced technology solutions revenues would be<br />
about we think 25 to 35% of our total revenues.<br />
Shah: And is still growing faster than the company average.
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