| Management target | Revenue 100.0% FY28 |
|---|
| Revenue growth | SSG segment revenue grew 29% YoY in USD terms. |
|---|---|
| Margins | Targeting 5.5-6% gross margins via high-value professional services. |
| Demand visibility | Strong demand for cloud and AI integration across India and MEA. |
| Management confidence | Highly optimistic about the shift toward software and cloud orchestration. |
Growth
SSG grew 29% YoY in dollar terms, reaching $2.2 billion, now contributing 17% of total revenue.
Outlook
SSG targeted to hit $5 billion revenue by FY28 with recurring revenue increasing to 85%.
Risks
Higher AR days in SSG vs hardware and intense competition potentially squeezing 5.5-6% gross margins.
Last quarter's promises, checked
Delivered
- Guided 12% SSG revenue contribution → delivered 17% (= BEAT)
- Guided 20% cloud growth → delivered 40-50% (= BEAT)
- Guided 72% recurring revenue → delivered 74% (= BEAT)
Partly delivered
- Guided 37% SSG growth (INR) → delivered 29% in USD terms (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: REDINGTON. Summary written with AI assistance from the document.
Redington Ltd: key numbers
- Share price
- ₹407.25
- Market cap
- ₹31,838 Cr
- Revenue (annual)
- ₹1,19,162 Cr
- Net profit (annual)
- ₹1,490 Cr
- P/E (TTM)
- 18.7×Sector 41.4×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 61.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
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Redington Earnings Call: Key Takeaways
Redington's Software Solutions Group (SSG) grew 29% YoY in USD to reach $2.2 billion. Management is pivoting from traditional hardware distribution to a high-margin platform-driven service orchestration model.
- Call
- Guides 127% growth
Redington Earnings Call: Key Takeaways
Transcript of Virtual Investors Event for Software Solutions Group (SSG), detailing transformation from transactional distribution to high-margin platform-driven orchestration.
- Call
- Guides 127% growth