Great results in my opinion too.
What I find especially investment worthy in these SAAS businesses is the operating leverage which comes into play – YOY the growth in topline is 37% whereas in EBITDA the growth is 142%!
Mr Swaminathan had alluded to this benefit of being a SAAS growth story in the Q1 concall as well. Main contributor this time was the collect business for which the order book continues to look strong. I had also attended the concall this time where again management was very clear in certain aspects, I will share some of the details once the transcript is released.
Disclosure : Same as above
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