“We should expect double digit margins in FY18-19,” said Arun Jain, Chairman and Managing Director, Intellect Design Arena, after the company posted a good set of earnings this quarter.
Jain said the company is confident to sustain the growth trajectory unless some international event happens.
Talking about order book, he said, “We closed three deals last quarter. Every quarter we are closing two or three deals. So, typically four to five decisions happen every quarter. In the last quarter, we won three and we lost one. If you go on that trajectory, we can increase three to four and it can give a substantial improvement over there, but three to four is per quarter closure.”
The company posted a strong revenue growth while the profit after tax almost doubled.