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KPIT Tech expects flattish revenue in Q2

KPIT Tech expects flattish revenue in Q2

The Company is going through internal changes in structure as well as external changes in the business environment.

KPIT Technologies Ltd has announced that at the beginning of the financial year, the Company had stated revenues to be flattish in the first 2 quarters of the year.

The Company is going through internal changes in structure as well as external changes in the business environment. The Company's traditional revenues from ERP implementations are affected more than anticipated earlier, whereas there is good traction in the newer areas of cloud and digital technologies.

As a result of the above points, the Company expects a drop in revenues of around 4% in quarter 1 with a consequent drop in profitability. We anticipate the revenues and profits to be flattish in Q2 over Q1 levels."

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