Reported year-on-year revenue growth of 8.0% in USD terms for the quarter and 24.3% operating margin
Highlights of financial results for the quarter and nine months ended December 31, 2017
- Q3 revenues grew year-on-year by 8.0% in USD terms; 5.8% in constant currency terms
- Q3 revenues grew sequentially by 1.0% in USD terms; 0.8 % in constant currency terms
- Q3 operating margin improved to 24.3% from 24.2% in Q2 18
- Q3 EPS at $ 0.35, year-on-year growth of 46.1% and sequential growth of 38.2%
- Q3 EPS of $ 0.35 includes positive impact of $ 0.10 from Advance Pricing Agreement (APA) with the US IRS
- 9 months year-on-year revenue growth at 6.5% in USD terms; 5.6% in constant currency terms
- Q3 cash flow from operating activities were at $ 657 mn, compared to $ 441 mn in Q2 18
- Utilization excluding trainees at all-time high of 84.9%
- Q3 standalone attrition declined to 15.8% from 17.2% in Q2 18
- FY 18 revenue guidance in constant currency retained at 5.5%-6.5%
- FY 18 operating margin range unchanged at 23%-25%
