Intellect Design Arena Second Quarter 2023 Earnings: Misses Expectations

Intellect Design Arena (NSE:INTELLECT) Second Quarter 2023 Results

Key Financial Results

• Revenue: ₹5.38b (up 19% from 2Q 2022).
• Net income: ₹457.7m (down 42% from 2Q 2022).
• Profit margin: 8.5% (down from 18% in 2Q 2022).
  • The decrease in margin was driven by higher expenses.
• EPS: ₹3.41 (down from ₹5.96 in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Intellect Design Arena Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India.

Performance of the Indian Software industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Intellect Design Arena that we have uncovered.

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