Intellect Design Arena Q4 Review - Robust Growth In Cloud Revenue: ICICI Direct

Intellect Design Arena office building (Source: Company website)

Intellect Design Arena Q4 Review - Robust Growth In Cloud Revenue: ICICI Direct

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Intellect Design Arena Ltd. reported a healthy set of Q4 FY21 numbers.

Dollar revenue increased 4.5% QoQ to $54.1 million.

Rupee revenue increased 3.2% QoQ to Rs 394.6 crore mainly led by 54.2% QoQ growth in cloud revenue and 1.0% QoQ growth in annual maintenance contract revenues.

Ebit margin was flat QoQ at 20.2% mainly led by higher other expenses. Profit after tax was flat QoQ at Rs 80.6 crore due to lower other income.

The company’s net days of sales outstanding declined from 124 days in Q3 FY21 to 114 days in Q4 FY21.

Click on the attachment to read the full report:

ICICI Direct Intellect Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.