Q1-FY24 · Ashok Soota
At 44.7% quarter serial growth and 25.5% EBITDA, our EBITDA margins have surpassed the upper end of our guidance band for 13 quarters in a row.
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Happiest Minds Technologies · tone and specificity signals across the available quarters.
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Q1-FY24 · Ashok Soota
We have set forth a goal of achieving $1 billion in revenues by FY 2031. Our guidance of 25% growth is based on the premise we are on course to achieve that goal.
Q1-FY24 · Joseph Anantharaju
In Generative AI, which is a highly strategic area for us, we are setting up a GenAI division with the chance of driving significant GenAI business.
Q1-FY25 · Ashok Soota
This quarter has been a transformational quarter for Happiest Minds. Not only that, it has laid the foundation for making FY 25 our best ever year since the IPO.
Q1-FY25 · Ashok Soota
Our generative AI business unit has had a great start. With universal recognition now of the importance of Gen AI, we are eyeing towards long-term leadership in this critical technology.
Q1-FY25 · Venkatraman Narayanan
We continue to maintain our forecast on EBITDA of between 20%-22% in the medium term.
Q1-FY26 · Ashok Soota
Our EBITDA this quarter stood at 124 crores, achieving a standout 12.9% sequential growth, well ahead of most peers and industry trends.
Q1-FY26 · Joseph Anantharaju
Our GenAI business unit led the way this quarter with 12.7% sequential and 82% year on year growth, while showing significant traction with multiple pilots scaling into long term engagements.
Q1-FY26 · Venkatraman Narayanan
We are at 21.4% already. So 20 to 22% is a story of maintain and grow.
Q2-FY24 · Ashok Soota
We are revising this growth guidance for the year to 12% on an organic basis. Additional growth, if any, due to acquisition, will be over and above this guidance.
Q2-FY24 · Ashok Soota
We are creating a new business unit called Generative AI Business Services, which will be abbreviated as GBS. This will become a new engine of growth.
Q2-FY24 · Joseph Anantharaju
Multi-year digital transformation initiatives are being broken down into shorter, composable engagements. That's what we've seen. This creates the right kind of opportunities for a company like Happiest Minds to exhibit agility.
Q2-FY25 · Ashok Soota
The results demonstrate our continued ability to continue to manage our business with rigor and discipline in a very dynamic business environment.
Q2-FY25 · Venkatraman Narayanan
We are hopeful of meeting our revenue growth projections of 30%-35% for this fiscal.
Q2-FY25 · Ashok Soota
We have developed strong capabilities in bioinformatics, which are unparalleled in the industry.
Q2-FY26 · Ashok Soota
We are reiterating our earlier commitment, which was for three consecutive years of double-digit growth. We are now raising this to four continuous years of double-digit growth.
Q2-FY26 · Ashok Soota
Our Generative AI Business Services unit has been a standout performer since its launch in October 2024. It has scaled rapidly and become one of our key growth engines.
Q2-FY26 · Venkatraman Narayanan
Our exposure here is zero, rather, let's say even negligible. In the past 12 months, we have only had two professionals traveling to the U.S. on H1B visas.
Q3-FY24 · Ashok Soota
We are seeing literally dozens of cases in the typical deal sizes that we have.
Q3-FY24 · Sridhar Mantha
The disruption acts as a neutralizer, because everybody is starting at a ground zero.
Q3-FY24 · Venkatraman Narayanan
We have a relatively steep climb compared to what we have done until now in Q2 and Q3.
Q3-FY25 · Ashok Soota
We'd be disappointed if we don't move into double-digit organic growth next year.
Q3-FY25 · Venkatraman Narayanan
Our EBITDA margins are after the above investments and continue to be within the guided range of 20% to 22%. This is our 18th quarter where we have performed in line or ahead of our margin guidance.
Q3-FY25 · Ashok Soota
The adoption of this promising technology has picked up speed with our customers embarking into enterprise-wide adoption.
Q3-FY26 · Ashok Soota
This development is an opportunity and not a threat for Happiest Minds, and we believe also for other IT services companies.
Q3-FY26 · Sridhar Mantha
We are seeing more and more customers that are extremely clear about their entire roadmap and what kind of Agentic AI foundation and the platform they want to build.
Q3-FY26 · Joseph Anantharaju
I believe that in FY 2027, we should see a reversal of the downward trend that we saw in the EdTech space.
Q4-FY24 · Ashok Soota
FY 2025 is going to be our best ever year since our IPO.
Q4-FY24 · Ashok Soota
We are the only company which has created a dedicated business unit for this [GenAI].
Q4-FY24 · Ashok Soota
Our organic outlook has never been stronger.
Q4-FY25 · Joseph Anantharaju
We want to state emphatically that at Happiest Minds, we see no recession-driven slowdowns.
Q4-FY25 · Venkatraman Narayanan
Our investments are beginning to show immense progress and performance, and outcomes of these are wired into our growth plan for FY 2026 and forward.
Q4-FY25 · Ashok Soota
The goal will remain the same, but we'll evaluate this in detail during the course of the next quarter. If not by the next quarter, by October, we will restate where we stand on that goal.