My two cents…
Here are rolling Revenue numbers seen QoQ split by region.
- The US revenue numbers in absolute terms have crossed 100 crores. US is growing faster than other regions for now
- UK is still growing but the growth rate has slowed for 9 straight quarters (QoQ)
Here is Emp Growth contrasted against 12M order BL.
- Both continue to grow in lock-step and at a healthy pace
Net Employees added
- Despite high attrition this is the second highest number of employees added in absolute terms.
Company has typically executed 48% of previous quarters reported 12M Backlog.
In Summary
- Highest ever revenue (after demerger) from US, crosses 100 Crores
- Added 275 new employees despite high attrition
- Highest ever order book at 1271 crores
- Maintained Margin
BUT
- Slowing growth, lowest QoQ growth since Evosys acquisition
- Sluggish growth in the UK business
OUTLOOK
- Next quarter a 10 to 12% QoQ revenue growth could be likely (based on order book, typically 48% of previous quarters 12M order backlog is executed in a quarter)
- An acquisition is likely to be announced (based on management commentary and recent favorable tech valuations). This will further bump up employee counts, EVOSYS had added 1,254 employees.