Onward Technologies · tone and specificity signals across the available quarters.
Language signals
Q1 FY27 marks an important milestone in Onward Technologies' journey and represents a strong start to the new financial year. We delivered our highest ever quarterly revenue of 151.2 crores crossing the 150 crore milestone for the first time.
The number of customers that we have with million dollar plus revenue is increased this quarter. Several customers will increase on-site, several will increase offshore and I think it's all about timing but year on year you will see an improvement across all our customers.
Our priority is not just growing revenue but building a larger higher quality more scalable engineering engagement with our customers which can deliver sustainable growth margin improvement and of course shareholder value.
Last nine months has been a historic quarter. I think the best of my career, best for my team, best for Onward Technologies. We deliver about 41% of revenue which is 11.7% on annual basis.
I like the time and material to be 90%. Please keep it mind Onward as a young company, we let say for around 550 crore of revenue our goal continues to remain at 90% T&M at least till the time we get to 100 million dollars in revenue.
We are about 2500 people today. And I think Q4 for next couple of quarters I think going to be amazing for us. I see very strong demand from our existing customers.
If I can afford 6 months of peak cash on hand. So what we went through as an organization and the whole world went through in pandemic should never happen again.