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Anand Rathi Report
With growth accelerating to 22% YoY, a large chunk driven by India and the mid-east, Intellect Design Arena Ltd. had a strong Q2.
At the analyst day, the company spoke about its sharpening focus on the U.S. and the short-term impact of software as a system on licensing revenue growth.
Ahead, Intellect Design expects more balanced growth and is relying on partnerships (Hexaware added) to drive sales in the region.
Overall, the medium-term growth outlook is 20% plus, driven by product cross-sales. Short-term margins are expected to be little lower due to rising people costs and investments in the Americas, and should touch 30% by Q4 FY23.
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