Pune, India | 26th July 2022 | NSE: KPITTECH BSE: 542651: KPIT, a leading partner for developing software defined vehicles to the automotive and mobility industry announced financial results for Q1 FY23 results today.
TCV of Total engagements won during Q1 FY23 : $ 155 million
Commenting on the performance of Q1 FY 23
Kishor Patil, Co-founder, CEO and MD, KPIT said,
“The vehicle manufacturers are aiming to earn revenues over the life of the vehicle for sustainable growth. This change will be enabled by CASE and centralized architecture programs, essentially Software Driven Vehicles. KPIT is uniquely positioned as a software integrator, helping global OEMs accelerate this journey. We have started the year on a positive note with an all-round performance, with growth in-line with our plan and healthy margin expansion, despite cross-currency headwinds. We remain optimistic on the overall growth environment”.
Sachin Tikekar, President and Joint MD, KPIT said,
It has been our goal to uphold all our client commitments and help our clients become successful, by leveraging technology. This relentless focus on our strategic clients continues to yield great results, resulting in larger, strategic engagements. Supply side pressures continue to persist, albeit at an eased pace. We have nurtured the existing partnerships and formed new ones with global universities to help attract global talent and aid retention by enabling career growth opportunities to our employees, with focused educational programs”.
KPIT Technologies is a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality. It is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future. With 10,000 automobelievers across the globe specializing in embedded software, AI, and digital solutions, KPIT accelerates its clients’ implementation of next-generation technologies for the future mobility roadmap. With engineering centers in Europe, the USA, Japan, China, Thailand, and India, KPIT works with leaders in automotive and mobility and is present where the ecosystem is transforming.
For more details visit www.kpit.com
Global Head, Marketing | firstname.lastname@example.org
Director, Marketing | Media Relations | email@example.com
Team Gutenberg | firstname.lastname@example.org
Head, Investor Relations | email@example.com