KPIT Technologies Q1 Review - Well Positioned: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.KPIT Technologies Ltd. reported a good set of numbers with revenue growth of 6% QoQ in constant currency terms, but lower in U.S. dollar terms at 3.2% QoQ (our estimate: 4.2%). The hit in U.S. dollar terms was due to 280 bps CC headwinds resulting from a total of 48.5% revenue exposure to euro, pound and Japan yen. Growth was largely propelled by architecture and middleware consulting. Though this business unit accounts for only 14% of revenue currently, most of the upcoming client spend is in this domain. KPIT's current spend will further lead to spends in feature development and integration (69% of revenue) and cloud-based connected devices (17% of revenue). Total contract value of wins is strong at $155 million (up 24% QoQ) led by multi-year programmes across middleware, electric powertrain and connected solutions. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KPIT Technologies Q1 Review - Well Positioned: ICICI Securities

KPIT Technologies Q1 Review - Well Positioned: ICICI Securities

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