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Persistent Systems Limited — Regulatory Filings 2021
Jan 28, 2021
60826_rns_2021-01-28_daa4dcb1-02e9-4d6d-ac56-bdff2bcb637c.pdf
Regulatory Filings
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NSE & BSE / 2020-21 / 97 January 28, 2021
The Manager, Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051
Ref: Symbol: PERSISTENT
The Manager, Corporate Services, Bombay Stock Exchange Limited 14[th] Floor, P J Towers, Dalal Street, Mumbai 400 001
Ref: Scrip Code: 533179
Dear Sir/Madam,
Sub: Fact Sheet – Consolidated Financial Data – for the quarter and period ended December 31, 2020
Please find enclosed fact sheet of the Consolidated Financial Data for the quarter and period ended December 31, 2020.
As intimated earlier vide our letter dated January 21, 2021, the Company has scheduled an investor / analyst call on Friday, January 29, 2021 at 5.00 PM IST. During such call, the Management will comment on the financial results for the quarter and period ended December 31, 2020 as well as on the business outlook. The details of the said investor call are available on the website of the Company.
Please acknowledge the receipt.
Thanking you,
Yours Sincerely,
For Persistent Systems Limited
Amit Atre Company Secretary ICSI Membership No.: A20507
Encl: As above
Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLCO56696
Tel: +91 (20) 670 30000 | Fax - +91 (20) 6703 0008 | E-mail - [email protected] | Website - www.persistent.com
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Analyst Presentation Quarter ended on December 31, 2020 January 28, 2021
Forward-looking and Cautionary Statements
Certain statements in this Presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.
The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, our revenues highly dependent on customers located in the United States, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, concentration of major operations of the Company in one city, withdrawal of governmental
fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.
The Company may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Stock Exchanges and our reports to shareholders.
The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company.
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Confidential © 2021 Persistent Systems
2
We are Persistent.
We are a trusted global solutions partner, delivering digital business acceleration, enterprise modernization and next-gen product engineering.
30+ years of leadership in software engineering and digital transformation.
Highest customer experience scores of any company in IT industry, as rated by ISG.
Boutique mindset focused on enterprise clients moving their digital presence to the cloud.
Diverse, open and innovative business partner ecosystem for maximum adaptability.
1990
Founded
$540M Trailing 12 Months Revenue
350+
Clients Annually
12,000+ Employees
16 Countries
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Confidential © 2021 Persistent Systems
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We are working with our clients to address four core imperatives as they accelerate their digital business
Imagine
Engineer
Modernize
Manage
Design and deliver new digital experiences, revenue streams and business models to meet rising customer expectations and accelerate your growth.
Streamline your software engineering to drive greater efficiency and enable resiliency across your products and platforms.
Reinvent your applications, infrastructure and processes for greater agility by taking full advantage of automation, AI and cloud.
Maintain and optimize the heartbeat of your operations, systems and product development to reduce costs and facilitate growth.
What we do
-
\ Design Thinking
-
\ Application Portfolio Rationalization
-
\ Technology Advisory Consulting
-
\ CX Transformation
-
\ Data Platform Strategy
\ Next-Generation Product & Platform Development
-
\ Product Sustenance & Support
-
\ Enterprise & Data Integration
-
\ Agile Transformation
Data Stack Modernization
-
\
-
\ Intelligent Business Automation \ Cloud Platform & Infrastructure
-
\ Salesforce Cloud Implementation
-
\ Application Modernization
\ Cloud & Infrastructure Managed Services
-
\ Application Management & Sustenance
-
\ Engineering Managed Services
-
\ Global Technology Center
Confidential © 2021 Persistent Systems
4
Our Industry and Service Line Expertise
Industry Expertise & Solutions
Service Lines
Digital Business Strategy Digital Product Engineering CX Innovation & Optimization Data-Driven Business & Intelligence Identity, Access & Privacy Core IT Modernization
Outcomes
Accelerate
Time to Market
Enable Business Agility Business Banking Healthcare Industrial Software Partner Unlock Financial Life Sciences Hi-tech Ecosystem Growth Services Maximize Insurance Value Creation Drive Enterprise Simplification
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Confidential © 2021 Persistent Systems
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Financial Highlights
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Financial Highlights for Q3FY21
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USD Revenue INR Revenue
$146.15M ₹10,754M
+7.4% +12.9% +6.7% +16.5%
QoQ YoY QoQ YoY
INR EBITDA INR PAT
₹1,825M ₹1,209M
@17% Revenue @11.2% Revenue
+10.1% +47.8% +18.6% +37.5%
QoQ YoY QoQ YoY
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Confidential © 2021 Persistent Systems
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Highlights for the Quarter
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Industry Revenue Mix BFSI HCLS Tech. Cos. & Emerging Verticals Client Concentration
Q3FY21 29.5% 19.1% 51.5%
Q4FY20 Q1FY21 Q2FY21 Q3FY21
Q2FY21 31.9% 19.3% 48.8% Top 1 19.2% 17.7% 19.4% 18.5%
Q1FY21 31.8% 19.7% 48.5% Top 5 41.5% 40.8% 41.6% 37.8%
Q4FY20 31.3% 19.2% 49.5% Top 10 49.9% 49.0% 50.5% 47.0%
Business Offerings Revenue Mix IP Led Services Geography Revenue Mix North America Europe India ROW
16.3% 17.4% 16.2% 18.1%
Q3FY21 81.0% 8.8% 8.6%
Q2FY21 82.9% 7.6% 8.1%
83.7% 82.6% 83.8% 81.9%
Q1FY21 80.4% 10.2% 7.9%
Q4FY20 80.3% 8.8% 9.0%
Q4FY20 Q1FY21 Q2FY21 Q3FY21
Confidential © 2021 Persistent Systems 8
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Notable News & Achievements
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Key Wins for the Quarter
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Banking, Financial Services and Insurance
| Deliveringengineering solutionsas a preferred partner for regulatory compliance, customer due diligence, data quality and test automation for a global banking giant. |
Building and enhancingenterprise data hub to provide agility and customer centricity for a major global fixed income investment firm based in the US. |
Modernizingretail lending journey by building Salesforce- based loan origination system for private sector bank based in Mumbai. |
Developing and implementinglending and deposit services built on Mambu, OutSystems and AWS for bespoke UK bank, targeting small and medium enterprises. |
Modernizingentity lifecycle management application, enabling financial managers to analyze deal data and streamline valuation approval process, for a US-based, global investment firm. |
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Confidential © 2021 Persistent Systems
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Key Wins for the Quarter
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Healthcare and Life Sciences
Developing and modernizing a broad suite of client solutions including payor, provider and patient applications using AI/ML for a global healthcare software company.
Designing and implementing digital front door solution including web and mobile applications to deepen patient engagement throughout lifecycle for a major US-based medical center.
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Designing and implementing central care platform built on Salesforce Health Cloud for a leading solution provider specializing in chronic kidney diseases.
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Confidential © 2021 Persistent Systems
Key Wins for the Quarter
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Software & Hi-Tech
Providing engineering and IT business solutions as a preferred partner for a leading-edge cloud and voice solutions company.
Engineering carrier-grade VOIP for next gen and 5G communications service provider clients for a leading monitoring, assurance and analytics manufacturer for IPbased networks.
Modernizing collaboration by Developing and porting customizing and supporting applications to a new hybrid applications, which are cloud infrastructure for integrated with Oracle Identity a major oil and gas and Lifecycle Management exploration services solution, for a SaaS and company. cloud-based remote work tools provider.
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Confidential © 2021 Persistent Systems
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Featured client stories
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Journey to Cloud Accelerates Speed to Innovation
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ICE Mortgage Technology’s (formerly Ellie Mae) Data Monetization Journey on AWS
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Designing a lifesaving ventilator using IBM Doors Next
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Confidential © 2021 Persistent Systems
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IT analyst and advisor recognition
PEAK Matrix: Major Contender in Salesforce HCLS Services
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“Persistent have built deep healthcare expertise in delivering Salesforce services and is effectively leveraging it to build an edge over its competitors.”
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ER&D Zones (Dec 2020) placed as leader in 7 categories
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“Persistent continues to maintain its leadership position across fast changing sectors which are undergoing major transformations.... established itself as a leader in the complex construction of digital mosaics, utilizing the best of cloud-based technologies and partners.”
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Confidential © 2021 Persistent Systems
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Continued accolades from ISG following the 2020 Star of Excellent Award
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ISG Booming 15
Persistent was recognized as a Top 15 Service Provider in 2020 ISG Index™ for the fourth consecutive quarter .
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Based on feedback of 100+ of our clients, ISG recognized Persistent as the leader for Customer Excellence across our core service delivery and exceptional culture alignment with our clients’ organizations.
Learn more
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Confidential © 2021 Persistent Systems
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Partner Ecosystem Highlights
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Won the Saviynt Rising Star Award for 2020
Persistent was recognized for helping clients improve their customer experience and prevent unauthorized access to applications and services using next generation identity governance solutions.
Learn More
AWS Financial Services Competency Status
This recognition adds to our recent achievements of AWS Data & Analytics Competency, AWS SaaS Competency, AWS DevOps Competency, and AWS IoT Competency designations as well as being an AWS Lambda Service Delivery Partner.
Learn More
Approved Salesforce Interaction Studio Partner
As true multi-cloud experts, Persistent now enhances Salesforce Interaction Studio for not only marketing related use cases, but also for sales and commerce across the entire customer lifecycle — from acquisition to retention.
Learn More
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Confidential © 2021 Persistent Systems
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Other News
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Press Feature: BFSI
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Learn More
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The Cancer Genome Atlas
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Learn More
Press Feature: HCLS Learn More
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J.A.D.E. CoE
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Learn More
Press Feature: Cloud Learn More
Corporate Development Learn More
Confidential © 2021 Persistent Systems
Financial Details — Q3FY21
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Sequential Q3FY21 vs Q2FY21
| Particulars | Q3FY21 | Q2 FY21 | Change QoQ | Exps / Sales % Q3 FY21 | Exps / Sales % Q2 FY21 |
|---|---|---|---|---|---|
| Revenue($ M) | |||||
| Services | 119.68 | 113.99 | 5.0% |
||
| IP Led | 26.47 | 22.10 |
19.8% |
||
| Revenue($ M) | 146.15 | 136.09 |
7.4% |
||
| Avg. Exchange Rate ₹ /US$ | 73.58 | 74.05 |
-0.6% |
||
| Revenue(₹ M) | 10,753.98 | 10,077.47 |
6.7% |
||
| Cost of Revenue | ₹ M | ₹ M | |||
| Employee Related Expenses | 6,686.49 | 6,428.81 |
4.0% |
62.2% | 63.8% |
| Purchase / Royalty | 354.24 | 115.55 |
206.6% |
3.3% | 1.1% |
| Project related Travel Expenses | 23.48 | 32.26 |
-27.2% |
0.2% | 0.3% |
| Total Direct costs | 7,064.21 | 6,576.62 |
7.4% |
65.7% | 65.3% |
| Gross Profit | 3,689.77 | 3,500.85 |
5.4% |
34.3% | 34.7% |
| Sales & MarketingExps | 948.97 | 901.26 |
5.3% |
8.8% | 8.9% |
| Admin. & Other Exps | 869.58 | 817.78 |
6.3% |
8.1% | 8.1% |
| Doubtful Debt Provision | 11.27 | 52.52 |
-78.5% |
0.1% | 0.5% |
| CSR Activities | 35.17 | 71.57 |
-50.9% |
0.3% | 0.7% |
| Total SGA | 1,864.99 | 1,843.13 |
1.2% |
17.3% | 18.3% |
| EBITDA | 1,824.78 | 1,657.72 |
10.1% |
17.0% | 16.4% |
| Depreciation | 117.22 | 115.08 |
1.9% |
1.1% | 1.1% |
| Amortization | 343.83 | 324.71 |
5.9% |
3.2% | 3.2% |
| EBIT | 1,363.73 | 1,217.93 |
12.0% |
12.7% | 12.1% |
| Other Income /(Loss) | 288.11 | 207.77 |
38.7% |
2.7% | 2.1% |
| Exchange Gain /(Loss) | (1.74) | (50.59) | -96.6% | 0.0% | -0.5% |
| PBT | 1,650.10 | 1,375.11 |
20.0% |
15.3% | 13.6% |
| Tax | 440.86 | 355.25 |
24.1% |
4.1% | 3.5% |
| PAT | 1,209.24 | 1,019.86 |
18.6% |
11.2% | 10.1% |
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Confidential © 2021 Persistent Systems
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YoY comparison Q3FY21 vs Q3FY20
| Particulars | Q3FY21 | Q3 FY20 | Change YoY | Exps / Sales % Q3 FY21 | Exps / Sales % Q3 FY20 | |
|---|---|---|---|---|---|---|
| Revenue($ M) | ||||||
| Services | 119.68 | 102.02 |
17.3% |
|||
| IP Led | 26.47 | 27.41 |
-3.4% |
|||
| Revenue($ M) | 146.15 | 129.43 |
12.9% |
|||
| Avg. Exchange Rate ₹ /US$ | 73.58 | 71.29 |
3.2% |
|||
| Revenue(₹ M) | 10,753.98 | 9,227.29 |
16.5% |
|||
| Cost of Revenue | ₹ M | ₹ M | ||||
| Employee Related Expenses | 6,686.49 | 5,675.33 |
17.8% |
62.2% | 61.5% | |
| Purchase / Royalty | 354.24 | 349.89 |
1.2% |
3.3% | 3.8% | |
| Project related Travel Expenses | 23.48 | 132.21 |
-82.2% |
0.2% | 1.4% | |
| Total Direct costs | 7,064.21 | 6,157.43 |
14.7% |
65.7% | 66.7% | |
| Gross Profit | 3,689.77 | 3,069.86 |
20.2% |
34.3% | 33.3% | |
| Sales & MarketingExps | 948.97 | 957.93 |
-0.9% |
8.8% | 10.4% | |
| Admin. & Other Exps | 869.58 | 843.43 |
3.1% |
8.1% | 9.1% | |
| Doubtful Debt Provision | 11.27 | 15.35 |
-26.6% |
0.1% | 0.2% | |
| CSR Activities | 35.17 | 18.84 |
86.7% |
0.3% | 0.2% | |
| Total SGA | 1,864.99 | 1,835.55 |
1.6% |
17.3% | 19.9% | |
| EBITDA | 1,824.78 | 1,234.31 |
47.8% |
17.0% | 13.4% | |
| Depreciation | 117.22 | 116.24 |
0.8% |
1.1% | 1.3% | |
| Amortization | 343.83 | 312.06 |
10.2% |
3.2% | 3.4% | |
| EBIT | 1,363.73 | 806.01 |
69.2% |
12.7% | 8.7% | |
| Other Income /(Loss) | 288.11 | 231.64 |
24.4% |
2.7% | 2.5% | |
| Exchange Gain /(Loss) | (1.74) | 102.10 | -101.7% |
0.0% | 1.1% | |
| PBT | 1,650.10 | 1,139.75 |
44.8% |
15.3% | 12.4% | |
| Tax | 440.86 | 260.49 |
69.2% |
4.1% | 2.8% | |
| PAT | 1,209.24 | 879.26 |
37.5% |
11.2% | 9.5% |
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Confidential © 2021 Persistent Systems
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YTD comparison Dec 20 vs Dec 19
| Particulars | YTD Dec 20 | YTD Dec 19 | Change YoYExps / Sales | Change YoYExps / Sales | % YTD Dec 20Exps / Sales | % YTD Dec 20Exps / Sales | % YTD Dec 19 | |
|---|---|---|---|---|---|---|---|---|
| Revenue($ M) | ||||||||
| Services | 341.91 | 293.14 |
16.6% |
|||||
| IP Led | 71.35 | 81.42 |
-12.4% |
|||||
| Revenue($ M) | 413.26 | 374.56 |
10.3% |
|||||
| Avg. Exchange Rate ₹ /US$ | 74.40 | 70.47 |
5.6% |
|||||
| Revenue(₹ M) | 30,745.30 | 26,394.43 |
16.5% |
|||||
| Cost of Revenue | ₹ M | ₹ M | ||||||
| Employee Related Expenses | 19,294.70 | 16,103.43 |
19.8% |
62.8% | 61.0% | |||
| Purchase / Royalty | 862.13 | 818.12 |
5.4% |
2.8% | 3.1% | |||
| Project related Travel Expenses | 130.37 | 443.15 |
-70.6% |
0.4% | 1.7% | |||
| Total Direct costs | 20,287.20 | 17,364.70 |
16.8% |
66.0% | 65.8% | |||
| Gross Profit | 10,458.10 | 9,029.73 |
15.8% |
34.0% | 34.2% | |||
| Sales & MarketingExps | 2,712.03 | 2,692.76 |
0.7% |
8.8% | 10.2% | |||
| Admin. & Other Exps | 2,480.15 | 2,582.55 |
-4.0% |
8.1% | 9.8% | |||
| Doubtful Debt Provision | 116.89 | 45.08 |
159.3% |
0.4% | 0.2% | |||
| CSR Activities | 202.17 | 56.65 |
256.9% |
0.7% | 0.2% | |||
| Total SGA | 5,511.24 | 5,377.04 |
2.5% |
17.9% | 20.4% | |||
| EBITDA | 4,946.86 | 3,652.69 |
35.4% |
16.1% | 13.8% | |||
| Depreciation | 342.10 | 342.21 |
0.0% |
1.1% | 1.3% | |||
| Amortization | 994.35 | 897.16 |
10.8% |
3.2% | 3.4% | |||
| EBIT | 3,610.41 | 2,413.32 |
49.6% |
11.7% | 9.1% | |||
| Other Income /(Loss) | 775.20 | 659.82 |
17.5% |
2.5% | 2.5% | |||
| Exchange Gain /(Loss) | (139.96) | 319.85 | -143.8% |
-0.5% | 1.2% | |||
| PBT | 4,245.65 | 3,392.99 |
25.1% |
13.8% | 12.9% | |||
| Tax | 1,116.47 | 828.31 |
34.8% |
3.6% | 3.1% | |||
| PAT | 3,129.18 | 2,564.68 |
22.0% |
10.2% | 9.7% |
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Confidential © 2021 Persistent Systems
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Balance sheet
| Particulars (₹ M) | As on December 31, 2020 |
As on March 31, 2020 |
As on December 31, 2019 |
|
|---|---|---|---|---|
| Assets | ||||
| PPE and Intangible assets | 4,534.20 | 4,618.66 |
4,732.49 | |
| Non-Current Assets | 1,547.66 | 1,491.80 |
1,220.67 | |
| Cash and Investments | 19,036.72 | 14,716.85 |
13,674.53 | |
| Other Current Assets | 10,541.24 | 10.094.38 |
9,581.93 | |
| Total | 35,659.82 | 30,921.69 |
29,209.62 | |
| Equity and Liabilities | ||||
| Equity | 27,413.25 | 23,857.55 |
23,855.74 | |
| Non-Current Liabilities | 1,109.95 | 582.37 |
606.39 | |
| Current Liabilities | 7,136.62 | 6,481.77 |
4,747.49 | |
| Total | 35,659.82 | 30,921.69 |
29,209.62 |
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Confidential © 2021 Persistent Systems
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Fact Sheet — Q3FY21
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Fact Sheet
| Description / Nos. / % | Q3FY21 | Q2FY21 | Q1FY21 | Q4FY20 | Q3FY20 | FY20 | FY19 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Revenue from Operations, USD M % QoQ / YoY growth Revenue from Operations, INR M |
146.15 7.4% 10,753.98 |
136.09 3.9% 10,077.47 |
131.02 3.1% 9,913.85 |
127.05 -1.8% 9,263.65 |
129.43 3.1% 9227.29 |
501.61 4.3% 35,658.08 |
480.97 2.2% 33,659.41 |
|||||
| % QoQ / YoY growth | 6.7% | 1.7% | 7.0% | 0.4% | 4.3% | 5.9% | 11.0% | ||||||
| Business | Offerings | Revenue Mix | Description / % Services IP Led Total |
Q3FY21 81.9% 18.1% 100.0% |
Q2FY21 83.8% 16.2% 100.0% |
Q1FY21 82.6% 17.4% 100.0% |
Q4FY20 83.7% 16.3% 100.0% |
Q3FY20 78.8% 21.2% 100.0% |
FY20 79.6% 20.4% 100.0% |
FY19 75.1% 24.9% 100.0% |
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| Segment | Revenue Mix | Description / % BFSI Healthcare & Life Science Tech. Cos. & Emerging Verticals |
Q3FY21 29.5% 19.1% 51.4% |
Q2FY21 31.9% 19.3% 48.8% |
Q1FY21 31.8% 19.7% 48.5% |
Q4FY20 31.3% 19.2% 49.5% |
Q3FY20 30.5% 18.9% 50.6% |
FY20 29.5% 18.9% 51.6% |
FY19 25.3% 18.4% 56.3% |
||||
| Total | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
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Fact Sheet
| Revenue Mix by Business Units |
Description / % Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 FY20 FY19 |
Description / % Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 FY20 FY19 |
|---|---|---|
| Technology Services | 76.3% 77.3% 77.1% 77.8% 73.3% 73.8% 71.0% 23.7% 22.7% 22.9% 22.2% 26.7% 26.2% 29.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% |
|
| Alliance | ||
| Total | ||
| Accelerite has been merged with Technology Services from Q1FY21. Prior period numbers have been regrouped accordingly. | ||
| Geography Revenue Mix |
Description / % Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 FY20 FY19 |
|
| North America 81.1% 82.9% 80.4% 80.2% 80.1% 81.0% 81.7% Europe 8.8% 7.6% 10.2% 8.8% 10.6% 9.5% 8.8% India 8.6% 8.1% 7.9% 9.0% 7.4% 7.4% 7.0% ROW 1.5% 1.4% 1.5% 2.0% 1.9% 2.1% 2.5% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% |
||
| Revenue Concentration |
Description / % Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 FY20 FY19 |
|
| Top 1 | 18.5% 19.4% 17.7% 19.2% 21.5% 22.0% 24.0% 37.8% 41.6% 40.8% 41.5% 42.3% 43.2% 42.4% 47.0% 50.5% 49.0% 49.9% 51.1% 51.7% 51.8% |
|
| Top 5 | ||
| Top 10 |
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Fact Sheet
| Revenue by | Revenue by | Delivery Centers | Delivery Centers | Description / % Global Development Centers India IP Led |
Q3FY21 30.5% 51.4% 18.1% |
Q2FY21 33.1% 50.7% 16.2% |
Q1FY21 33.7% 48.9% 17.4% |
Q4FY20 33.0% 50.7% 16.3% |
Q3FY20 31.5% 47.3% 21.2% |
FY20 31.5% 48.1% 20.4% |
FY19 30.5% 44.6% 24.9% |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | ||||||
| Client | Billed | Nos. Services |
Q3FY21 530 |
Q2FY21 487 |
Q1FY21 508 |
Q4FY20 501 |
Q3FY20 483 |
FY20 653 |
FY19 586 |
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| IP Led | 142 | 135 | 140 | 151 | 154 | 257 | 287 | ||||||
| Includes | clients | brought on through CAPIOT acquisition. | |||||||||||
| DSO | Nos. Days |
Q3FY21 57 |
Q2FY21 63 |
Q1FY21 69 |
Q4FY20 65 |
Q3FY20 68 |
FY20 65 |
FY19 63 |
|||||
| Client | Engagement | Size | Nos. Large > USD 5M Medium > USD 1M, < USD 5M |
Q3FY21 17 65 |
Q2FY21 16 63 |
Q1FY21 15 63 |
Q4FY20 11 61 |
Q3FY20 10 65 |
FY20 11 61 |
FY19 10 67 |
Re-categorized large clients to more than $5M and medium clients from $1M to $5M. Prior period numbers are aligned accordingly.
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Fact Sheet
| Nos. | Q3FY21 | Q2FY21 | Q1FY21 | Q4FY20 | Q3FY20 | FY20 | FY19 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| People | Numbers | Technical Sales and Business Development Others |
11,533 277 628 |
10,001 268 551 |
10,027 274 528 |
9,835 263 534 |
9,729 266 537 |
9,835 263 534 |
9,185 273 504 |
||||
| Total | 12,438 | 10,820 | 10,829 | 10,632 | 10,532 | 10,632 | 9,962 | ||||||
| Linear | Revenue Per | Billed PM* | USD / Per Person Month* Global Delivery Centres India |
Q3FY21 16,790 4,204 |
Q2FY21 16,993 4,304 |
Q1FY21 17,036 4,308 |
Q4FY20 17,276 4,427 |
Q3FY20 16,761 4,420 |
FY20 16,987 4,428 |
FY19 16,299 4,371 |
|||
| *Revenue | per | billed PM excludes IP-led revenue and is calculated on total revenue including contractual reimbursable portion. | |||||||||||
| Attrition | Rate | % TTM Basis |
Q3FY21 10.3% |
Q2FY21 10.6% |
Q1FY21 12.7% |
Q4FY20 14.3% |
Q3FY20 14.9% |
FY20 14.3% |
FY19 16.7% |
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| IP Led | Nos. IP Led Person Months |
Q3FY21 3,606 |
Q2FY21 3,893 |
Q1FY21 4,031 |
Q4FY20 4,317 |
Q3FY20 4,325 |
FY20 17,954 |
FY19 18,826 |
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Fact Sheet
| Description / Nos. / % | Q3FY21 | Q2FY21 | Q1FY21 | Q4FY20 | Q3FY20 | FY20 | FY19 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Billable Person Months | 25,342 | 23,006 | 22,246 | 21,580 | 20,419 | 81,287 | 71,563 | ||||
| - Global Delivery Centers | 3,104 | 3,086 | 3,060 | 2,872 | 2,893 | 11,202 | 10,703 | ||||
| - India | 22,238 | 19,920 | 19,186 | 18,708 | 17,526 | 70,085 | 60,860 | ||||
| Efforts and Utilization | Mix - Linear | Billed Person Months - Global Delivery Centers - India |
20,530 2,651 17,879 |
18,680 2,647 16,033 |
17,461 2,595 14,866 |
16,975 2,425 14,550 |
16,295 2,430 13,865 |
63,820 9,305 54,516 |
58,037 9,007 49,030 |
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| Linear Utilization | |||||||||||
| - Blended | 81.0% | 81.2% | 78.5% | 78.7% | 79.8% | 78.5% | 81.1% | ||||
| - Global Delivery Centers | 85.4% | 85.8% | 84.8% | 84.4% | 84.0% | 83.1% | 84.2% | ||||
| - India | 80.4% | 80.5% | 77.5% | 77.8% | 79.1% | 77.8% | 80.6% |
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See Beyond, Rise Above.
Watch Brand Video
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29Confidential © 2021 Persistent Systems
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Thank you! See Beyond, Rise Above
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