Comments
Arihant Capital
KPIT Tech (Hold)
CMP: ₹272.70
Target: ₹288
The US Geography continues to be the largest geography with a revenue share of 61.5 per cent and it grew by 2.8 per cent on a q-o-q basis. For FY18, the US contributed 63.2 per cent to the total revenues with y-o-y growth of 6.5 per cent. Good traction seen in the US geography for Infor, Oracle Cloud, engineering and digital technologies.
Europe geography with a revenue share of 20.8 per cent, grew strongly by 11.2 per cent sequentially during this quarter. During the year, Europe’s revenue share increased to 19.5 per cent with strong y-o-y growth of 36.3 per cent. Europe geography saw very good traction in engineering led by e-powertrain, AD-ADAS and diagnostics. Expect the geography to continue growing at a faster pace, especially in Germany.
Asia was the highest growing geography during the quarter as it grew sequentially by 14.3 per cent while contributing 17.7 per cent to the total revenues. For FY18, the geography contributed 17.3 per cent to the annual revenues with y-o-y growth of 28.7 per cent. Asia has been leading growth for the past couple of years and good traction is seen in products and platforms, digital and engineering in the Asia geography.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.