Q1 2025 Datamatics Global Services Ltd Earnings Call Transcript
Key Points
- Datamatics Global Services Ltd (BOM:532528) reported total revenue of INR 394 crores for Q1 FY'25.
- The company integrated Generative AI technologies into its products TruBot, TruCap+, and TruBI, and rolled these features out to existing customers.
- Datamatics expanded its client portfolio by adding 9 new customers, including a Fortune 500 company.
- The company received an ISO 42001:2023 Certification for AI Management Systems, highlighting its commitment to AI innovation and governance.
- Datamatics successfully secured a significant AI-driven video monitoring and analytics project with a leading American supermarket chain, covering 250 locations.
- Revenue growth was sluggish, with a 0.7% increase in Q1 and a negative 2.4% organic growth year-on-year.
- EBIT margin reduced to 10.8%, down from 15% in Q1 of the previous year, due to slow revenue growth and continued investment in AI projects.
- The company's EBITDA for Q1 FY'25 was 13%, a significant drop from 17.3% in Q1 of the previous year.
- The Digital Operations segment saw a decline in EBIT margin from 23.5% in Q4 to 15.5% in Q1, attributed to the cyclical nature of the business.
- The pipeline of potential deals decreased from $200 million to approximately $170 million, reflecting market softness.
Ladies and gentlemen, good day, and welcome to the Datamatics Global Services Ltd Q1 FY'25, earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to MR. PRATIK JAGTAP- E&Y Investor Relations. Thank you, and over to you sir.
Thank you, Steve. Good evening to all the participants in the call today. Welcome to the Q1 FY '25 earnings Call of Datamatics Global Services Limited. The results and presentation have been already mailed to you, and it is also available on the website of Datamatics. In case anyone has not received a copy of this release and presentation please do write us and we will be happy to send you all.
To take us through the results today and to answer your questions, we have with us the top management of company represented by Rahul Kanodia, Vice Chairman and CEO; Sandeep Mantri, EVP and Chief Financial Officer; and Mitul Mehta, EVP and Chief Marketing Officer. Rahul will start
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