AGM22
- The company is continuously giving dividend since 2012
- Very little revenue comes from ITeS, majority revenue comes from software services.
- Company acquired 45 new customers in FY22 and acquired 15 new customers in Apr-Aug 2022
- Repeat business is good, 90% revenue comes from repeat customers. The contracts are yearly in nature.
- The company is aggressively looking to expand into geographies other than US
- Company has acquired land and building (10,000 sqft) in Coimbatore at the cost of 17.5cr. Company is still not using this property, how to use this land is in planning stage. New premises can accommodate 700 employees when fully constructed and used.
- Revenue split by segment - Healthcare (23%), BFSI (8%), Telecom (18%), Technology, Hospitality, Real Estate, Transportation - 1-2% each.
- Order book as of date of AGM was 26cr, 22cr to be executed in FY23.
- Sales pipeline is pretty good as of now, there are recession predictions - so let us see.
- The company is more of fast follower, we wait, watch and then follow quickly.
- Number of employees as of AGM date - 307 (parent company alone), 15 (onshore employees ?)
Disclosure - Invested, not a buy/sell recommendation, please do your own due diligence, noa a SEBI registered analyst
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