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