Latest Breaking News On - A leading partner for accelerating the transformation towards software defined vehicle to automotive and mobility industry announced financial results q2 fy23 today performance overview revenue cc growth of 27 per cent yo y - Page 1 : comparemela.com

Pune (Maharashtra) [India], October 19 (ANI/BusinessWire India): KPIT (NSE: KPITTECH; BSE: 542651), a leading partner for accelerating the transformation towards Software-Defined Vehicle to the automotive and mobility industry announced financial results for Q2 FY23 results today. Performance overview - Q2 FY23 Revenue - CC Revenue Growth of 27 per cent Y-o-Y, 8.3 per cent Q-o-Q - USD Revenue Growth of 17.2 per cent Y-o-Y and 4.8 per cent Q-o-Q - Q2 FY23 profit - EBITDA growth of 33 per cent Y-o-Y - Net Profit growth of 28 per cent Y-o-Y - FY23 outlook - FY23 CC Revenue growth outlook increased to 31 per cent - 32 per cent - EBITDA margin outlook increased to 18.5 per cent -19.0 per cent - Deals & Pipeline - Revenue Pipeline at all-time high - TCV of USD 142 million won during the quarter - Talent - Global employee count nearing 10000 - Attrition easing out and expected to even become better by end of FY23 - Focus on talent development and retention; Increments and promotions highe

Sachin tikekarKishor patilSoftware defined vehicles sdvsDigital connected solutionsBusinesswire indiaSoftware defined vehicleElectric powertrainCommercial vehiclesSoftware defined vehiclesPune maharashtra indiaCtober 19 ani businesswire india kpit nse kpittech bse 542651A leading partner for accelerating the transformation towards software defined vehicle to automotive and mobility industry announced financial results q2 fy23 today performance overview revenue cc growth of 27 per cent yo y3 per cent qoq usd revenue growth of 17 2 yoy and 4 8 q2 fy23 profit ebitda 33 net 28 outlook cc increased to 31 32 margin 18 5 19 0 deals amp pipeline at all time high tcv 142 million won during the quarter talent global employee count nearing 10000 attrition easing out expected even become better by end focus on development retention increments promotions higher than industry performance highlights sequential led digital connected solutions electric powertrain domains commercial vehicles vertical cross currency impact continues grow strongerT all time high ebitda impact of 90 bps post wage hikes in the quarter gross 300bps fresher additions and cross currency headwinds continues operating efficiencyEt realization improvement and revenue growth helped reduce impact on reported margins lower other income to the tune of rs 58 million 94 9 in q2fy23 vs 152 q1fy23 account translation related foreign exchange losses resulting mainly from rupee depreciation appreciation against usd euro tcv new engagements won during q2 fy23 142 commenting performance fy 23 kishor patilCo founder