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Focus on key 25 clients, vehicle segment to see demand: KPIT Tech CEO

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Focus on key 25 clients, vehicle segment to see demand: KPIT Tech CEO

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KPIT Technologies’ focus is on key 25 clients, Kishor Patil, co-founder, MD and CEO, told CNBC-TV18. Patil also said that the vehicle segment will see demand going ahead.

KPIT Technologies’ focus is on key 25 clients, Kishor Patil, co-founder, MD and CEO, told CNBC-TV18. Patil also said that the vehicle segment will see demand going ahead.
An automotive software developer reported earnings for the December, 31, 2021-ended quarter with 4.2 percent growth in dollar revenue and expects FY22 growth to be at the higher end of the 18-20 percent range.
KPIT attained an 18 percent margin level earlier than anticipated and expects demand to remain strong for at least the next 5 years.
Talking about business, Patil said that 60-70 percent of the deal wins are from the US geography and offshoring has improved by 10 percent in the last year.
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