investor update for quarter ended 31st december 2006 key ... - KPIT

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KPIT Cummins Infosystems Limitedo Compounded Quarterly Growth Rate of offshore revenues over the last 10quarters has been 13.41% as compared to 3.57% for onsite revenues.Revenues (Rs. Million)1200Onsite revenuesoffshore revenues1000800600400200187.15430.30(1.85%)CQGR of Onsite revenues: 3.57%CQGR of Onsite revenues: 13.41%194.67431.084.02%2.96% 0.18%234.51438.2020.46%242.21457.413.28%1.65% 4.38%271.89504.9412.26%10.39%385.95418.12391.6641.95%509.96(17.19%)1.48%479.01543.6422.30%548.17580.97592.0914.44%21.97%6.6%8.91%590.105.98%(0.34%)0Q2FY05Q3FY05Q4FY05Q1FY06Q2FY06Q3FY06Q4FY06Q1FY07Q2FY07Q3FY07o Volume growth on FTE (Full Time Equivalent) basis has been stronger thanrevenue growth. Volume growth in offshore FTEs was 67.27% on a y-o-ybasis and 6.01% on a q-o-q basis. Volume growth in onsite FTEs has beenmuch lower at 13.09% on a y-o-y basis and 0.70% on q-o-q basis.2500200015001000Onsite9.02%Offshore14.34%7.56%11.06%19.25%13.21%18.54%17.58%6.01%50000.55%(2.20%)5.63%8.00%(5.68%)7.59%(2.68%) 7.25%0.70%Q2FY05Q3FY05Q4FY05Q1FY06Q2FY06Q3FY06Q4FY06Q1FY07Q2FY07Q3FY07Q3 FY07 Investor Update Page 4 of 12
KPIT Cummins Infosystems Limited Revenues by Geography:o Share of revenues from the different geographies has by and large remainedsimilar to the previous quarter. US, the dominant geography, accounted for62.25% of the total revenues, while Europe constituted 29.45% and Rest ofthe World (ROW) accounted for the balance 8.30% of total revenues.o On a sequential basis, Europe geography showed the highest growth at5.45%, followed by 2.45% in US. On a y-o-y basis, however, the growth fromUS geography was higher at 42.37% as compared to 25.19% from Europe. Revenues by Verticals:o Manufacturing vertical accounted for 77.50% of the total revenues for thequarter, as compared to 76.34% in the previous quarter and 82.35% in thecorresponding quarter of the previous fiscal. Diversified Financial Services(DFS) as a vertical accounted for 10.63% of revenues, compared to 10.77%in the previous quarter and 13.25% in Q3FY06. Others, which includeIndependent Software Vendors etc, catering primarily to Manufacturing andDFS verticals, accounted for the balance 11.87% of revenues for thequarter. In the previous quarter, revenues share of ‘Others’ was 12.89%.o Manufacturing vertical has shown a growth of 37.06% y-o-y and 4.26% q-o-q.DFS vertical has shown a growth of 16.80% y-o-y and 1.35% q-o-q.PROFITS AND PROFITABILITY ANALYSIS Gross profit for the quarter was Rs. 436.90 Million as compared to Rs. 425.49Million for the previous quarter. Gross profit has grown by 53.77% on a y-o-y basis and 2.68% sequentially. Gross profit margin for the quarter was 37.31% at approximately the same level asin the previous quarter. During the quarter, the Company added 310 newemployees, many of which are senior employees. Inspite of the resultant increasein expenses on account of new employee additions, the gross profit margin hasremained stable. As compared to the corresponding quarter of the previous fiscal, gross profitmargin has improved from 35.34% by 1.97%. The following chart shows the trend inthe gross profits and gross profit margins.Q3 FY07 Investor Update Page 5 of 12
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investor update for quarter ended 31st december 2006 key ... - KPIT

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