Sasken Tech

Sasken Technologies performance for the first quarter was not good – its net profit slumped by a huge 60% (QoQ) at Rs.17 crore. Growth in revenue was flat at Rs.118 crore. EBITDA fell 15% to Rs.13 crore and margins contracted from 12.8% to 10.9%.

Total employee strength stands at 1959, down from 1963 in Q4 and YoY, it has come down from 2057. Attrition rose from 17.7% to 21.3% (QoQ).

In terms of geographical verticals, USA revenue contributed 37% up from 32%; EMEA fell from 34% to 28%; India rose from 26% to 28% and APAC declined from 8% to 7%.

It added 6 new customers in Q1, taking the total number of active clients stood at 129. Cash and cash equivalents stood at Rs.417 crore.