10.1% CC YoY Revenue Growth in Q3 Leads to Upward Revision in Guidance
"With increased client relevance, we saw double digit (10.1%) year-on-year growth in Q3 on a constant currency basis," said Salil Parekh, CEO and MD. "We also had another strong quarter in our digital business with 33.1% growth and large deals at $1.57 billion which gives us confidence entering 2019", he added.
8.5%-9.0% Revision in FY 19 Guidance in CC terms
2.7% QoQ revenue growth in CC terms
33.1% YoY Digital revenue growth in CC terms
$1.5 Bn+ Large deal signings
22.6%* Operating margin
*Includes additional depreciation and amortization impact of 0.4% due to
reclassification of assets of Panaya and Skava from "Held for Sale."
- Q3 19 revenues grew year-on-year by 8.4% in USD terms; 10.1% in constant
currency terms
- Q3 19 revenues grew sequentially by 2.2% in USD terms; 2.7% in constant
currency terms
- Digital revenues at $942 million (31.5% of total revenues), year-on-year
growth of 33.1% and sequential growth of 5.0% in constant currency terms
- 9 months revenues grew by 7.4% in USD terms; 8.1% in constant currency
terms
- FY 19 revenue guidance in constant currency revised upward to 8.5%-9.0%;
Operating margin guidance retained at 22%-24%
- Announces buyback under open market route of ₹8,260 crore at a
Maximum price of 800 Indian Rupees per share
- Announces a special dividend of 4 Indian Rupees per share
1. Financial Highlights - Consolidated results under International Financial Reporting Standards (IFRS)
For the Quarter ended December 31, 2018
- Revenues were $2,987 million, growth of 8.4% YoY and 2.2% QoQ
- Operating profit was $675 million, growth of 0.9% YoY and decline of
2.6% QoQ#
- Basic EPS was $0.12, decline of 33.9% YoY
