I was listening to the commentary from past 2 quarters from management. Following is what I make of this:
Operations:
Onsite expenses are increasing. They hire employees and train them for few months before putting them on projects. They hire in anticipation of demand in small lots.
Offshore is hit badly with deals rollover issue. Attrition is as high as 45% because of projects closing. This was high margin business.
Clients are hit by tech innovation and hence not much on tech spend from them.
Big deals are not going through. They did crack a 1 deal in 5 million range. and lost some in 1-5 million range.
OPM and EPS are both downwards.
Revenue has finally increased after 2-3 years of lull. Next 2-3 quarters are to be watched. Commentary was not so rosy, with scepticism all over.
They have consolidated the facilities in Pune and they have capex there which has hit profits and EPS.
Disc: invested a small amount.