Birlasoft’s revenues declined for the second consecutive quarter during June-September, but margins have expanded significantly. Further, the company's deal wins have also surged over 50 percent.
Speaking to CNBC-TV18, Dharmender Kapoor, CEO of the company said that deal wins and execution should improve in Q3 and Q4. “While deal wins are there, the execution is not as quick as it used to be. But now that markets have opened up, the execution also has picked up. I believe that Q3 and Q4 is going to be good for both deal wins as well as for execution,” he said.
Kapoor is also expecting revenues to improve in this quarter as well as the next. “We some very good deals in Q1. But that could not be completed from transition perspective in Q2 and that revenue has shifted in Q3 and Q4. So, I believe that our Q3 and Q4 will make up for what we could not make up in Q2,” he said.
Kapoor further added that Birlasoft was getting serious about acquiring capabilities. The company was also looking at the possibility of returning surplus cash to investors through dividend or share buyback.