Some notes that I could gather from the recent BQ Prime interview:
- Another Strong quarter in terms of numbers.
- Attrition has gone down. Already taken wage hike last quarter. Employee headcount increased by 47% annually
- 60-70% of the revenue might not be tied up with the economy. They already have 5-6 year long contracts with established OEMs.
- If they execute well in these large contracts it will help them in attracting more large scale contracts from large OEMs.
- Any impact of US-China semiconductor dispute should be on a very low existing revenue base.
- Increased their growth guidance from 21% to 23%
- Technica acquisition will help them in establishing relationship with 2 new clients and improves chances of winning contracts with them.
Management didn’t highlight any risk pointers for the next few quarters in the interview. Only time will demonstrate this optimism
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