Bengaluru, India (ots/PRNewswire) - "We had a strong start to FY 20
with constant currency growth accelerating to 12.4% on year over year
basis and digital revenue growth of 41.9%. This was achieved through
our consistent client focus and investments which have strengthened
our client relationships," said Salil Parekh, CEO and MD.
"Consequently, we are raising our revenue guidance for the year from
7.5%-9.5% to 8.5%-10%."
12.4% YoY 2.8% QoQ 20.50% $2.7 bn
Digital CC growth CC growth CC growth Operating margin Large deal
* Q1 20 revenues grew year-on-year by 10.6% in USD; 12.4% in
* Q1 20 revenues grew sequentially by 2.3% in USD; 2.8% in constant
* Q1 20 Digital revenues at $1,119 million (35.7% of total
revenues), year-on-year growth of 41.9% and sequential growth of
8.6% in constant currency
* Increased FY 20 revenue growth guidance range to 8.5%-10% in
* Maintained FY 20 operating margin guidance range of 21%-23%
1. Financial Highlights - Consolidated results under International
Financial Reporting Standards (IFRS)
Revenues were $3,131 million, growth of 10.6% YoY and 2.3% QoQ
Operating profit was $642 million, decline of 4.2% YoY and 2.3% QoQ.
Operating margin was 20.5%.
"We had a good quarter as we continue to leverage our digital
navigation framework to help our clients build and nurture their live
enterprise," said Pravin Rao, COO. "Large deal TCV was highest ever
at $2.7 bn. Segment growth was robust with all large regions and most
verticals growing at double digits yoy in constant currency."
Digital press kit: http://www.ots.at/pressemappe/PR38775/aom
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