Helios and Matheson revenue at Rs 2044.8 mn

EBITDA stood at Rs468.8 million

May 15, 2014 10:05 IST India Infoline News Service

Helios and Matheson Information Technology Limited, leading system integrator focused on banking financial services and healthcare verticals reported its consolidated financial results for second quarter ended March 31, 2014.

Highlights for the Quarter ended March 31st, 2014 (Consolidated)

Key financial highlights

In USD terms

Revenue at $ 33.1 million (growth of 2.2 % q-o-q / 15.5% y-o-y)
EBITDA at $ 7.6 million (growth of 2.7 % q-o-q / 17.2% y-o-y)
Net profit at $ 2.7 million (growth of 3.3 % q-o-q / 22.9% y-o-y)

In Rupee terms

Revenue at Rs 2044.8 million (growth of 1.8 % q-o-q / 32.2% y-o-y)
EBITDA at Rs468.8 million (growth of 2.3 % q-o-q / 34.1% y-o-y)
Net profit at Rs 164.0 million (growth of 2.9 % q-o-q / 40.7% y-o-y)

Customers

76 active customers as of March 31, 2014
1 New client added for the quarter
1 customer moved to above $ 10 million in Q1 FY14
Above $ 5 million customers at 5
 Top 10 clients contributed 47.9% of revenue in Q2 FY?14
The group derived 94.1% of its total business from repeat clients, as a result of its long-standing client relationships and adept client retention strategies

Employees

3792 employees as of March 31, 2014
Added 176 employees during the quarter on a gross basis
attrition at 11.99%

Business highlights

“„We have completed yet another year of good performance. The relentless execution of our strategy to focus on large clients and the BFSI sector has delivered strong revenue growth throughout the year. Our new initiatives in mobility, analytics and cloud are picking up traction providing a strong base for future growth opportunities” said G.K.Muralikrishna, Chief Executive Officer and Managing Director, Helios and Matheson Information Technology Limited.

Earnings per share for the first quarter (annualized) at Rs.24.8

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