EBITDA, up 88% YoY, Signs TCV of $ 669 M in FY20
Pune, May 21, 2020: Birlasoft [BSE: 532400, NSE: BSOFT], a part of the USD 2.4 billion diversified CK Birla Group, reported its audited consolidated financial results for the fourth quarter and year ended March 31,2020.
Dharmender Kapoor, Managing Director and Chief Executive Officer, Birlasoft, said, “FY20, being our first year of operations as new Birlasoft, makes me look back with great satisfaction. We have achieved industry-leading growth over the past two quarters and are closing the year strong, even in the midst of the turmoil of COVID-19. I want to thank our Birlasoft team for challenging themselves to excel as the partner that our customers can depend upon in a time of crisis. We not only successfully integrated and adapted to the new organization model, but have set ourselves apart as nimble, dependable and innovative. By enabling and supporting our customers from the beginning of this pandemic, and keeping our focus on the health and safety of our employees, we continue to make the best of this challenging situation.”
Other highlights
- The Board recommends a final dividend of Rs. 1/- per share (Face Value Rs 2/-)
o Total dividend for FY 19-20 at 2/- per share
- Signed TCV deals of $ 669 M during the year, including one of the largest deals ($ 242 M)
o Won $ 433 M of new business and $ 236 M of renewals for FY20 (TCV)
- Active Client Count at 378 o > $ 10 M customer at 7; up by 1 during Q4
o > $ 5 M customer at 17; up 2 during Q4
- Net Cash of $ 48.8 M (pre-dividend) generated during the Year
o Cash & Equivalents up from US$ 83.1 M to US$ 88.4 M (INR 666 Cr); up US$ 5.3 M
- DSO at 72 days, down by 7 days YoY
- Manpower strength of 10,268 as at 31st March 2020 versus 10,061 a year back
o Net addition of 207 professionals during the financial year and 139 during the quarter
Deal wins for the quarter
- Selected by a US Industrial Equipment major for its Oracle associated Application Management stack.
- Chosen by a US Retailer for wireless products required for their technical support services.
- Selected by an Asian Energy major for Digital Transformation of its Application Services and Support stack.
- Won a deal from a US Industrial Equipment major for implementation, roll out and support of Oracle ERP Solutions.
- Selected by an Asian Energy major for an upgrade, roll out and migration of SAP S/4 HANA Services.
- Awarded by a Leading Asian Ship building and major for its Application Managed Services and support of JDE applications.
- Selected by a Government Technology major for Digital Transformation of its Application Maintenance Services and Infrastructure Management services.
Awards and Recognition – for FY 20
- Honored with the ACE Alliance Award 2019 by SAP® for customer excellence and delivery in SAP Product Support. SAP also felicitated Birlasoft as the best-running center of SAP.
- Birlasoft won the Oracle Excellence Award (APAC) Emerging Technologies Category at Oracle OpenWorld 2019, San Francisco
- Recognized with the ‘Emerging Technologies Partner of the Year’ FY19 and ‘SCM Cloud Partner of the Year’ Award by Oracle
- Recipient of the prestigious ‘Expense Management Partner of the Year 2018’ at the SAP India Partner Summit 2019
- Bestowed the Distinguished Partner Award- ‘Successful Adoption of UX One’ category by Oracle
- Birlasoft won the ‘Smart Datacenter Management’ Award in the ‘Automation’ category at the 7th Datacenter Summit and Awards
- Recognized by SAP with the SAP Hybris Americas Service Delivery Partner of the Year, 2019
- Birlasoft and The Confederation of Indian Industry (CII) Foundation, signed an MoU towards the third phase of Shodhan, a crop residue management program.
- Recognized with the ‘Companies with Great Managers’ award at the 4th Edition of the ‘Great Managers Awards’ 2019.
Corporate Comm India (CCI Newswire)
