KPIT (BSE: 532400; NSE: KPIT), a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported its consolidated financial results for the first quarter ended June 30, 2017.
Highlights for the quarter ended JUNE 30, 2017
Commenting on the performance of Q1 FY18, Kishor Patil, Co-founder, CEO & MD, KPIT said, “The year has started on a positive note for us with a Q-o-Q growth of 4.8% in USD terms, aided by strong performance in products, engineering and IES business segments. This gives us confidence to achieve the higher end of our revenue guidance for the year. Though the growth momentum has been good, we have to focus on profitability improvement and H2 will see the results of the profitability actions we have taken”.
Sachin Tikekar, President & Board Member, KPIT said, “We saw good growth momentum across Asia and Europe geographies. We will continue to invest in engineering and digital for creating innovative business solutions catering to our focus verticals. We have created a new role of Chief Digital Officer (CDO) with a goal of building “Intelligence Everywhere” and are expanding our digital architecture to reskill and equip our 12,000+ employees with digital skills”.
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