Q3FY22 Quarterly Result Announced for Datamatics Global Services Ltd.
IT Consulting & Software company Datamatics Global Services declares Q3FY22 result: Datamatics Q3FY22 EBITDA up by 30% YoY at Rs 505 million EBITDA Margin at 16.8% for Q3FY22 PAT up by 67% YoY at Rs 370 million National Capital Region Transport Corporation (NCRTC) awarded Automatic Fare Collection contract for Delhi - Meerut RRTS Corridor Rail Vikas Nigam Limited awarded Automatic Fare Collection contract for Kolkata Metro A US based global leader in workforce solutions for Customer Management solutions through next-generation digital technology Expanded relationship with a large bank for developing cutting edge Digital Experiences through a dedicated offshore delivery centre A large Middle East bank for digital transformation of their legacy applications through an offshore delivery centre A global leader in technology and supply chain services for digital transformation of Finance & Accounting processes using Datamatics IDP product TruCap+ A US based leading mortgage lender to digitally transform their legacy applications. A US based not for profit historical society for media simulation work. Commenting on Q3FY22 results, Rahul Kanodia, MBA Columbia (USA), Vice Chairman and CEO said, “We are pleased to report another stable quarter backed by strong margins. Despite headwinds due to supply challenges and investments in talent acquisition, we have been able to maintain a decent EBITDA margin of 16.8% in the quarter. We have won several deals across IT and BPM segment during the quarter. Our commitment to a digital first customer experience remains central to our offering. We will continue to focus on deepening customer relationships with an emphasis on digital transformation.” He further added, “I am glad to share that recently we were awarded the Automatic Fare Collection contracts for Delhi - Meerut Corridor by NCRTC and Kolkata Metro by Rail Vikas Nigam Limited. Additionally, we entered into a long-term strategic partnership with a global leader in workforce solutions for providing Digital Customer Management Solutions. We are witnessing a strong demand environment across sectors we operate in, and are well positioned to capitalize on this growth opportunity. I would like to thank our customers, stakeholders for continuing trust in us and Datamaticians for the dedicated performance.” Further Sameer Kanodia, MBA Bryant University (USA), Managing Director & CEO of Lumina Datamatics said, “Our strong performance is a testament of the enormous confidence our clients have in us and unceasing hard work of our employees. We have consolidated our standing as a leading BPM player in the Publishing and e-Commerce space; in this space over half of the largest Publishers and some of the largest e-Retailers worldwide are giving us increasing business.” Result PDF21-01-2022
