Geometric Ltd. announced its first quarter financial results for FY 2015-2016 at the board meeting held today. Highlights for the quarter ended June 30, 2015 (Q1 FY16)
- Consolidated revenues in USD terms rose 9% q-o-q and 4.1% y-o-y to USD 46.80 Mn compared to USD 42.92 Mn in Q4FY15 and USD 44.96 Mn in Q1FY15
- Consolidated net profit after tax at INR 191.27 Mn for the quarter, as against INR 32.92 Mn for the previous quarter and INR 192.08 Mn for the same quarter last year
- Signed new deals worth USD 13.65 Mn
- Added one new customer
- Improvement in retention, with annualized attrition for the quarter at 10.9%
- Consolidated EPS for the quarter at INR 2.97 The Company declared operating revenues of INR 2,975.55 Mn for the quarter, a growth of 11.1% and 10.7% respectively when compared to revenues of INR 2,679 Mn in the previous quarter and INR 2688.45 Mn in the corresponding quarter last year. The Company’s revenue excluding its joint venture company rose 8.1% and 3.5% to USD 33.99 Mn from USD 31.45 Mn in Q4FY15 and USD 32.82 Mn in Q1FY15 respectively.
This revenue growth, after removing the impact of one-time adjustments in revenue in Q4FY15, stood at 5.4% q-o-q. Mr. Manu Parpia, Managing Director & CEO said, “This quarter, we saw volume growth in both software services and engineering services. While our pipeline continues to grow, we are now emphasizing conversions. We have also taken several steps to streamline our Operations, which should lead to an improvement in margins. Furthermore, the investments we made in improving our processes over the last twelve months are beginning to show results.” The company had a total employee strength of over 4,800 employees as of June 30, 2015, including its subsidiaries.
