IDA Results
Margins 20% +
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Indian IT cos could gain from woes of Atos, Temanos, says Nilesh Shah (moneycontrol.com)
Troubles at Temenos should Help IDA I Guess.
However looks expensive at the moment.
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In case you have not heard why Teminos woes Nilesh Shah is referring here it is. This is the best thing that could have happened to Intellect the last few months.
This report will report create doubts in the minds of perspective customer which are being targeted by Intellect as well. Plus Teminos has a large user base in Europe, which is focus area for Intellect.
Key beneficiaries of this will be for large deal. However due to size, it takes long time to seal a deal. Looking at the trouble of Teminos, I think IDA shall report better deal win in the next 3/4 quarters IMO.
https://hindenburgresearch.com/temenos/
I know the report is huge (may 20/30 pages). Here are snippets from the report, which highlight few important things about them
Bank of Ireland $2 billion
Temions spends fortune in acquisitions
… they planned to invest around 20% of the revenue in R&D. but…
Note: Invested
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Lower revenue guidance of 620-630 crores for q4.
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