Business Update For Q4 FY18

| Updated on March 27, 2018 Published on March 27, 2018

The Company is expecting a decline in IP revenues during Q4 FY18 (current quarter). This will impact revenue and EBIDTA margin for the quarter. IP revenues have seasonality and tend to fluctuate on
a sequential quarter-on-quarter basis. While we continue to see good overall growth for our IP revenue portfolio, relative quarter-on-quarter decline follows a strong Q3 FY18 (last quarter of calendar year 2017). We expect the sequential drop in IP revenues to be about US$ 8M for this quarter.

Companys focus on data, digital and IoT is aligned with customers as they implement their transformation roadmap as evidenced by a strong pipeline of business opportunities. Overall, the business outlook for the upcoming year (FY 2018-19) remains strong with revenue growth expected to exceed NASSCOM guidance for the industry.

Disclaimer: Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit www.persistent.com/FLCS

Pdf Link: Business Update For Q4 FY18

Source : BSE - www.bseindia.com

Published on March 27, 2018
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