Saksoft Limited reported stable financial performance for the first quarter of FY27, with revenue from operations remaining largely unchanged year-on-year at ₹249 crore. The company navigated a period of cautious customer decision-making and delayed project approvals, yet managed to preserve its profitability metrics through disciplined cost management and operational efficiencies.

Financial Highlights

The IT services firm posted an EBITDA of ₹45 crore, reflecting a marginal decline of 1% compared to the corresponding quarter of the previous year. Despite the slight drop in absolute earnings before interest, taxes, depreciation, and amortization, the company successfully maintained its EBITDA margins at 18.26%. Profit after tax (PAT) for the quarter stood at approximately ₹29 crore, translating to a PAT margin of 11.78%.

Geographic and Vertical Mix

The Americas remained the largest contributor to Saksoft’s revenue, accounting for nearly 52% of the total. Europe followed with a 27% share, while Asia Pacific and other regions contributed the remaining 21%. Management noted an objective to increase the Americas’ contribution to at least 65% over the next two to three years.

From an industry perspective, emerging verticals led the mix with 45% of revenues. Banking and financial services (BFSI) contributed about 30%, followed by transportation and logistics at 16%. Digital commerce accounted for the balance 9%.

What the Numbers Show

A key operational divergence is visible in Saksoft’s resource management versus its revenue output. While top-line growth was flat, the total employee strength decreased to 2,434 (down from prior periods), with technical professionals comprising 2,223 of that headcount. Simultaneously, employee utilization excluding trainees remained healthy at 83%. This indicates that the company is decoupling headcount growth from revenue generation, leveraging AI-driven productivity in engineering and internal operations to maintain margins despite softer demand.

Pipeline and Strategic Shifts

Management highlighted a shift in deal quality, moving away from traditional headcount-based staffing toward outcome-based managed services. The pipeline value increased to USD 28 million, up from USD 25 million in the preceding quarter. Aditya Krishna, Chairman and Managing Director, emphasized that while these larger, value-based deals take longer to convert, they improve long-term stability and wallet share.

Client concentration also saw a slight reduction, with the top 10 clients contributing 56% of revenue, down from 58% previously. The company ended the quarter with 16 customers contributing annual revenues of USD 1 million or more each.

Outlook and Guidance

Despite near-term demand softness, Saksoft reaffirmed its full-year revenue guidance of ₹1,200 to ₹1,250 crore for FY27, implying a potential growth trajectory against the previous year’s finish of ₹1,007 crore. Management expects continued unevenness in the operating environment but remains focused on selective investments in AI, cloud, and cybersecurity capabilities to drive future growth.