Helios and Matheson gets revenue growth of 5.1% in Dollar terms in Q3 FY’13

System Integrator, Helios and Matheson Information Technology has reported its consolidated financial results for the third quarter ended June 30, 2013.

Revenue data for Q3 is INR1703.4 million up by 10.1% q-o-q and 47.7% y-o-y.  EBITDA is INR386.4 million, showing an increase of 10.6% q-o-q and 48.7% y-o-y. The net profit is INR130.3 million with growth of 11.8% q-o-q / 62.9% y-o-y. The Earnings per share for the third quarter (annualized) are Rs.19.7.
 
Other highlights of the third quarter include addition of two clients in this third quarter. The report revealed 73 active customers, as of June 30, 2013. Top 10 clients contributed nearly 48.8% of revenue in Q3 FY’13, whereas the company generated 93.1% of total business from repeat clients.
 
 
G. K. Muralikrishna, CEO & MD, Helios and Matheson Information Technology, said,We had yet another quarter of robust growth in revenue and profits. North America continues to witness strong traction. It is encouraging to see that revenue from the BFSI sector has increased by 56.8% in line with the trend of the last four quarters.
 
He added, Our US subsidiary completed 15 years of listing on the NASDAQ. Commemorating the event, we had the honour of ringing the NASDAQ closing bell on May 3, 2013. We launched on the occasion our ‘Predictive Analytics Practice’ in the presence of distinguished clients.
 
The company revealed addition of 218 employees during the quarter on a gross.