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ICICI Direct Report
Birlasoft Ltd. reported strong numbers on the margin front.
Revenue for the quarter grew 2.1% QoQ in dollar terms to $146.4 million. In rupee terms, the company reported revenue growth of 2.8% QoQ to Rs 1,101.4 crore.
For FY22, Birlasoft reported 15.8%, 16.2% growth in revenues in dollar, rupee terms, respectively, to $552 million, Rs 4130 crore, respectively.
Geography wise, U.S. (82.2% mix) grew 1.2% QoQ. Europe (11.2% mix) grew 6.9% QoQ while Rest of World grew 5.3% QoQ. Vertical wise revenue from manufacturing grew 4.1% QoQ while energy and utilities grew 4.2% QoQ.
Banking, financial services and insurance vertical reported de-growth of -0.8% QoQ. Life sciences reported degrowth of 1.1% QoQ.
Further the company declared a final dividend of Rs 3 per share for FY22 while total dividend was at Rs 4.5 per share for the year. It announced buyback of Rs 390 crore (7.8 million equity shares at Rs 500 per share price) at tender route.
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