Industry Summary Articles

“Q3 results further underscore that we remain steadfast in our journey of sustained client relevance and deepening engagement with them, as they partner with us in navigating their next in the digital transformation era”, said Salil Parekh, CEO and MD. “For us, this has translated into double digit growth year-to-date, leading to an increase in revenue guidance, accompanied by expanding operating margins.”

• Q3 20 revenues grew year-on-year by 8.6% in USD; 9.5% in constant currency • Q3 20 revenues grew sequentially by 1.0% in USD and in constant currency

• Q3 20 Digital revenues at $1,318 million (40.6% of total revenues), year-on-year growth of 40.8% and sequential growth of 6.8% in constant currency

• Q3 20 operating margin at 21.9%, 0.2% improvement over Q2 20

• Year-to-date revenues grew by 11.1% in constant currency

• Year-to-date operating margin at 21.4%, within the margin guidance for the year

• Increased FY 20 revenue guidance; revised guidance is 10.0%-10.5% in constant currency

• Maintained FY 20 operating margin guidance range of 21%-23% 1. Financial Highlights –

 “Overall performance during the quarter was satisfactory on multiple counts – broad-based growth, steady increase in client metrics and healthy large deal wins”, said Pravin Rao, COO. “Large deal wins continue to be robust with growth of 56% so far this year. We had a further reduction in attrition, demonstrating the results of our continued efforts towards strengthening employee engagement and value proposition.”

For the quarter ended December 31, 2019 Revenues were $3,243 million, growth of 8.6% YoY and 1% QoQ

Operating profit was $711 million, increase of 5.4% YoY and 2.2% QoQ. Operating margin was 21.9%.

Basic EPS was $0.15, growth of 27.7% YoY and 10.2% QoQ

 
For nine months ended December 31, 2019

Revenues were $9,583 million, growth of 9.7% YoY

Operating profit was $2,049 million, growth of 0.6% YoY. Operating margin was 21.4%.

Basic EPS was $0.41, growth of 9.7% YoY

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