Sasken Communication Technologies : rated in the Leadership Zone by Zinnov

Sasken ranked in Leadership zone in Semiconductor and Telecommunication categories

Sasken ranked in the Execution Zone for Automotive, Consumer Electronics,
and Industrial Automation

Bengaluru, December 19, 2016 - Sasken Communication Technologies Ltd., (BSE: 532663, NSE: SASKEN) today, announced that it has been positioned in the Leadership Zone for the Semiconductor and Telecommunication categories in the Zinnov Zones 2016 - PES.

In this study, Zinnov mapped leading service providers in various segments like Mechanical Engineering, Embedded Systems, Aerospace, Automotive, Computer Peripherals and Storage, Construction and Heavy Machinery, Consumer Electronics, Energy & Utilities, Industrial Automation, Medical Devices, Consumer Software, Semiconductor, Telecommunication and Transport. These global players were ranked on the basis of their R&D Practice Maturity, Breadth, Innovation and Ecosystem Connect. Sasken is ranked in the Leadership Zone for Semiconductor and Telecommunications. It also featured in the Execution Zone for Automotive, Consumer Electronics, and Industrial Automation.

Sanjiv Pande, Vice President and Head, Marketing, Sasken, said, "Sasken's DNA is its commitment to understand and leverage technology to solve today's problems for our customers. The speed at which technology changes, and the hypercompetitive business environment we operate in, poses many challenges. Zinnov Zones 2016 - PES rating positions us as the best-in-class technology leader which is backed by our commitment to invest continually in staying au courant."

Sidhant Rastogi, Partner & Practice Head, Zinnov, said, "Sasken's strong capabilities in embedded enabled them to provide cutting-edge solutions in In-Vehicle Infotainment (IVI) and Telematics. Sasken's inherent strengths in the Semiconductor and Telecom space and its strong platform capabilities have helped them deepen their relationship with semiconductor vendors and OEMs."

About Sasken:

Sasken is a leader in providing Product Engineering and Digital Transformation services to global tier-1 customers. Sasken's deep domain knowledge and comprehensive suite of services have helped global leaders maintain market leadership in industries such as Semiconductors, Automotive, Enterprise grade Devices, Smart Devices and Wearables, Industrials, Retail, Public Safety, Satcom, and Telecom. Visit www.sasken.com for more information.

About Zinnov Zones:

Zinnov Zones is an annual rating which rates Service Providers based on their competencies and capabilities. It has become one of the most trusted reports globally, for both enterprises and service providers to better understand the vendor ecosystem in multiple domains. It ranks global players on the basis of their R&D Practice Maturity, Breadth, Innovation and Ecosystem Connect. For additional details, please visit: http://www.slideshare.net/zinnov/zinnov-zones-2016-pes-executive-summary

About Zinnov:

Founded in 2002, Zinnov is headquartered in Silicon Valley and Bengaluru. In over a decade they have built in-depth expertise in engineering and digital practice areas. They assist their customers in effectively leveraging global innovation and technology ecosystems to accelerate innovation and digital transformation. With Zinnov's team of experienced professionals, they serve clients in Software, Automotive, Telecom & Networking, Semiconductor, Consumer Electronics, Storage, Healthcare, Banking, Financial Services & Retail verticals in US, Europe, Japan & India. For any further media queries, please contact Jaya Shukla at media@zinnov.com

Sasken Media Contacts:

Debolina Mukherjee | debolina.mukherjee@bm.com | +91 96866 04612

Neha Sharma | neha.sharma@bm.com | +91 97422 84890

Membership enables Sasken to accelerate product development on Automotive Grade Linux platform and reduce time-to-market for automotive customers

Bengaluru, November 16, 2016 - Sasken Communication Technologies Ltd., (BSE: 532663, NSE: SASKEN) today, announced its membership with Automotive Grade Linux as its Bronze member.

This membership will enable Sasken to provide solutions to customers on Automotive Grade Linux (AGL). Sasken will provide product development and system integration services for Automotive customers spanning in-vehicle infotainment (IVI), instrument cluster, heads-up display and telematics.

Ram Ramaseshan, Senior VP and Head, Automotive and Industrials Business Units, Sasken, said, "Sasken has a deep understanding of the software solutions and processes needed to help OEMs and tier-1s keep pace with the evolution of consumer technology. Open industry standards can speed up production, enable rapid innovation and reduce software development costs for everyone, which is why we look forward to contributing to AGL."

"We look forward to working with Sasken to advance development of the Automotive Grade Linux platform," said Dan Cauchy, Executive Director, Automotive Grade Linux. "Their expertise in delivering customer-centric solutions will help us ensure that the AGL platform is user-friendly and takes advantage of the latest trends in consumer technology."

About Sasken:

Sasken is a leader in providing Product Engineering and Digital Transformation services to global tier-1 customers. Sasken's deep domain knowledge and comprehensive suite of services have helped global leaders maintain market leadership in industries such as Semiconductors, Automotive, Enterprise grade Devices, Smart Devices and Wearables, Industrials, Retail, Public Safety, Satcom, and Telecom. Visit www.sasken.com for more information.

About Automotive Grade Linux (AGL):

Automotive Grade Linux is a collaborative open source project that aims to accelerate the development and adoption of a fully open software stack for the connected car. Leveraging the power and strength of Linux at its core, AGL is uniting automakers and technology companies to develop an open platform that offers OEMs complete control of the user experience so the industry can rapidly innovate where it counts. The AGL platform is available to all, and anyone can participate in its development. Learn more: https://www.automotivelinux.org

Automotive Grade Linux is a Collaborative Project at The Linux Foundation. Linux Foundation Collaborative Projects are independently funded software projects that harness the power of collaborative development to fuel innovation across industries and ecosystems. https://www.linuxfoundation.org

About The Linux Foundation:

The Linux Foundation is the organization of choice for the world's top developers and companies to build ecosystems that accelerate open technology development and commercial adoption. Together with the worldwide open source community, it is solving the hardest technology problems by creating the largest shared technology investment in history. Founded in 2000, The Linux Foundation today provides tools, training and events to scale any open source project, which together deliver an economic impact not achievable by any one company. More information can be found at www.linuxfoundation.org

Media contacts:

Debolina Mukherjee | Debolina.mukherjee@bm.com | +91 96866 04612

Neha Sharma | Neha.sharma@bm.com | +91 97422 84890

Bangalore, 27 October 2016: Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) today announced its consolidated results according to Indian GAAP for the quarter and half year ended September 30, 2016.

Speaking on the occasion, Rajiv C Mody, Chairman, Managing Director & CEO, Sasken Communication Technologies said: We are encouraged by the half yearly performance which is a result of our single minded pursuit of revenue growth and profitability. We are marching forward and pursuing a strategy that sharpens our focus on select verticals where we are seeing good traction and growth opportunities. Our Digital IT business is expanding and our suite of enterprise transformation solutions is gaining market acceptance. We have strengthened our market facing organization by the induction of leaders who are highly reputed and have a track record of acquiring new customers and scaling existing business. Hari Haran, our new President, Business Line, Global Sales & Marketing, an industry veteran is leading the charge to add velocity to our growth trajectory.

Performance Snapshot for the Half Year: H1 FY 17

• Consolidated Revenues for H1 FY 17 at ₹240.17 Crore
  • Up 1.3 % YoY from H1 FY 16
• Consolidated EBIDTA for H1 FY 17 at ₹27.02 Crore
  • Up 19.3 % YoY from H1 FY 16
• Consolidated PAT for H1 FY 17 at ₹25.18 Crores
  • Up 23.4 % YoY from H1 FY 16
  • PAT Margins for the half year at 10.5 %

Key Business metrics for the half year: H1 FY 17

• Software services revenues for H1 FY 17 at ₹232.21 Crore
• Up 3.6 % YoY from H1 FY 16
• Products group revenues for H1 FY 17 at ₹6.69 Crore
  • Down 42.4 % YoY from H1 FY 16
• Consolidated EBIDTA margins were at 11.3 %.
  • Services EBIDTA margins were at 10.5 %
  • Products EBIDTA margins were at 44.2 %

Performance Snapshot for the Quarter: Q2 FY 17

• Consolidated Revenues for Q2 FY 17 at ₹118.40 Crore
  • Down 2.8 % sequentially over the previous quarter
  • Down 7.4 % YoY from Q2 FY 16
• Consolidated EBIDTA for Q2 FY 17 at ₹8.06 Crore
  • Down 57.5 % sequentially over the previous quarter
  • Down 34.8 % YoY from Q2 FY 16
• Consolidated PAT for Q2 FY 17 at ₹9.58 Crore
  • Down 38.6 % sequentially over the previous quarter
  • Down 9.2 % YoY from Q2 FY 16
  • PAT Margins for the quarter at 8.1 %

Key Business metrics for the Quarter: Q2 FY 17

• Software services revenues for Q2 FY 17 at ₹113.97 Crore
  • Down 3.6 % sequentially over the previous quarter
  • Down 2.7 % YoY from Q2 FY 16
• Products group revenues for Q2 FY 17 at₹3.71 Crore
  • Up 24.0 % sequentially over the previous quarter
  • Down 62.7 % YoY from Q2 FY 16
• Consolidated EBIDTA margins were at 6.8 %.
  • Services EBIDTA margins were at 5.7 %
  • Products EBIDTA margins were at 46.2 %
• Revenue contribution from
  • the Top five customers stood at 44.7 % and
  • from Top 10 customers at 65.5 %
• Consolidated EPS was at ₹5.40 for the quarter
• Added 8 new customers during the quarter taking the total number of active customers to 142

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken:

Sasken is a global leader in providing embedded R&D services, comprehensive testing services, IT infrastructure services and application development & data services to device OEMs, network OEMs, semiconductor, automotive & industrial OEMs, service provider and digital enterprises across the world. Global Fortune 500 and Tier 1 companies in these segments are part of Sasken's customer profile.

Sasken's solutions are backed by ISO 9001:2000, ISO 27001 and TL 9000 certifications. Sasken's proprietary quality management systems strengthen our business offerings and ensure client satisfaction. Sasken's commitment to environment is highlighted by its ISO 14001 certification.

For further information please visit www.sasken.com

Disclaimer on Forward Looking Statements:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Spokesperson:

Swami Krishnan

VP Corporate Communication & EE

E:pr@sasken.com

T: +91 9743979264

Bangalore, 22 April 2016: Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) today announced its consolidated results according to Indian GAAP for the quarter and year ended March 31, 2016. "The performance on an annualized basis is encouraging and we have been able to post a smart growth in our services business. We believe this is a result of our sharp focus to expand our business to market adjacencies that leverages our expertise in product engineering. In addition, we continue to address opportunities in the physical to digital space and are encouraged by the market traction we are seeing." Rajiv Mody, Chairman, Managing Director and CEO, Sasken Communication Technologies said. "We expect the growth trajectory to continue in the coming fiscal and we will be enhancing our offering portfolio to achieve this. In addition, we will continue to relentless manage costs and work to improve our operating margins" added Mr. Mody.

Performance Snapshot for the Quarter: Q4 FY 16

• Consolidated Revenues for Q4 FY 16 at Rs 119.82 Crore
  • Down 5.1 % over the previous quarter
  • Up 14.8 % YoY from Q4 FY 15
• Consolidated EBIDTA for Q4 FY 16 at Rs 9.53 Crore
  • Down 36.4 % sequentially over the previous quarter
  • Up 120.4 % YoY from Q4 FY 15
• Consolidated PAT for Q4 FY 16 at Rs 174.64 Crore
  • Up 1451.8 % sequentially over the previous quarter
  • Up 5866.4 % YoY from Q4 FY 15
  • PAT Margins for the quarter at 145.7 %

Performance Snapshot for the Financial Year 2016

• Consolidated Revenues for FY 16 at Rs. 483.17 Crore
  • Up 12.9 % YoY from FY 15
• Consolidated EBIDTA for FY 16 at Rs. 47.17 Crore
  • Up 46.3 % from FY 15
  • Consolidated EBIDTA Margins at 9.8 %
• Consolidated PAT for FY 16 at Rs. 206.29 Crore
  • UP 72.5 % from FY 15
  • PAT Margins are 42.7% for the year

• Software services revenues for Q4 FY 16 at Rs 115.79 Crore
  • Down 3.7 % sequentially over the previous quarter
  • Up 15.0 % YoY from Q4 FY 15
• Products group revenues for Q4 FY 16 at Rs 3.18 Crore
  • Down 39.8 % sequentially over the previous quarter
  • Up 4.0 % YoY from Q4 FY 15
• Consolidated EBIDTA margins were at 8.0 %.
  • Services EBIDTA margins were at 10.8 %
  • Products EBIDTA margins were at (86.7) %
• Revenue contribution from
  • the Top five customers stood at 47.3 % and
  • from Top 10 customers at 2 %
• Consolidated EPS was Rs20 for the quarter before exceptional items, and Rs.98.55 for the quarter including the exceptional items.
• Added 12 new customers during the quarter taking the total number of active customers to 134

• Software services revenues for FY 16 at Rs 460.06 Crore
  • Up 11.1 % YoY from Q4 FY 15
• Products group revenues for FY 16 at Rs 20.07 Crore
  • Up 69.1 % YoY from Q4 FY 15
• Consolidated EBIDTA margins were at 9.8 %.
  • Services EBIDTA margins were at 10.8 %
  • Products EBIDTA margins were at (12.5) %
• For the year, Consolidated EPS before exceptional items was at Rs.18.46 and Rs.107.14 including the exceptional items.

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken Sasken is a leader in providing Engineering R&D and Productized IT services to global tier 1 customers in the Communications & Devices, Retail, Insurance and Independent Software space. Sasken's deep domain knowledge and comprehensive suite of services have helped global leaders in verticals such as Semiconductors, Consumer Electronics, Smart Devices, Automotive Electronics, Enterprises and Network Equipment maintain market leadership. In the Retail, Insurance and Independent Software Vendor verticals, Sasken enables customers to rapidly re-architect their suite of IT Application and Infrastructure.

Disclaimer on Forward Looking Statements: Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Bengaluru, India, March 14, 2016: Sasken Communication Technologies Limited ("Sasken"), having its registered office in Bangalore, India, announced today that it has reached a settlement in an ongoing matter pertaining to the unauthorized use of Sasken's Protocol Stack IP, by a Chinese Semiconductor vendor. This settlement brings to an end, the ongoing arbitration and terminates all ongoing obligations of the parties under the relevant agreements. The licensee will pay Sasken USD 45 million as damages/ compensation before March 31, 2016 towards this settlement. The formal settlement document is expected to be finalized in the next few days. Mr. Rajiv Mody, Chairman, Managing Director & CEO Sasken, said, 'This award comes as a resounding validation of Sasken being the industry leader in a host of mobility and digital technologies. In just over two decades we have successfully transitioned from being a pioneer in the product engineering space to a company that is admired and respected for its ability to provide world-class solutions to marquee customers in the wireless communication and physical to digital space.' 'This award reaffirms our ability to create, deliver and appropriate value for all our stakeholders. Our abiding commitment to uphold our core values and our faith in the alternate dispute resolution methods has always come in good stead' said Neeta Revankar, Whole-time Director and CFO.

About Sasken Sasken is a leader in providing Engineering R&D and Productized IT services to global tier 1 customers in the Communications & Devices, Retail, Insurance and Independent Software space. Sasken's deep domain knowledge and comprehensive suite of services have helped global leaders in verticals such as Semiconductors, Consumer Electronics, Smart Devices, Automotive Electronics, Enterprises and Network Equipment maintain market leadership. In the Retail, Insurance and Independent Software Vendor verticals, Sasken enables customers to rapidly re-architect their suite of IT Application and Infrastructure.

Bangalore, 20 January 2016: Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) today announced its consolidated results according to Indian GAAP for the quarter ended December 31, 2015. "This is the third consecutive quarter where we have posted a growth in our services business. This is a result of the sharp operational focus and concerted investment in developing expertise that is best-in-class and spans from embedded to the physical to digital space. Our revenues for the comparable quarter Q3 of FY15 included those received on account of the successful litigation" Rajiv Mody, Chairman, Managing Director and CEO, Sasken Communication Technologies said. "Our continued focus on all levers to contain cost has started showing results and is seen in a sharp increase in our EBIDTA margins. Going forward we will continue to work toward improving our operational efficiency and hope to deliver similar or better margins in the coming quarters. As was the case in the previous quarter, our legal expense continues to be high. We expect our ongoing litigation to conclude within the next six to nine months" added Mr. Mody.

Performance Snapshot for the Quarter: Q3 FY 16

• Consolidated Revenues for Q3 FY 16 at Rs 126.25 Crore
  • Down 1.2 % over the previous quarter
  • Up 17.7 % YoY from Q3 FY 15
• Consolidated EBIDTA for Q3 FY 16 at Rs 14.99 Crore
  • Up 21.1 % sequentially over the previous quarter
  • Up 137.2 % YoY from Q3 FY 15
• Consolidated PAT for Q3 FY 16 at Rs. 11.25 Crore
  • Up 6.7 % sequentially over the previous quarter
  • Down 30.3 % YoY from Q3 FY 15
  • PAT Margins for the quarter at 8.9 %

Key Business metrics for the Quarter: Q3 FY 16

• Software services revenues for Q3 FY 16 at Rs 120.22 Crore
  • Up 2.6 % sequentially over the previous quarter
  • Up 15.6 % YoY from Q3 FY 15
• Products group revenues for Q3 FY 16 at Rs 5.28 Crore
  • Down 46.8 % sequentially over the previous quarter
  • Up 83.2 % YoY from Q3 FY 15
• Consolidated EBIDTA margins were at 11.9 %.
  • Services EBIDTA margins were at 14.3 %
  • Products EBIDTA margins were at (43.9) %
• Revenue contribution from
  • the Top five customers stood at 45.7 % and
  • from Top 10 customers at 63.7 %
• Consolidated EPS was at Rs 6.35 for the quarter
• Added 11 new customers during the quarter taking the total number of active customers to 126

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken: Sasken is a global leader in providing embedded R&D services, comprehensive testing services, IT infrastructure services and application development & data services to device OEMs, network OEMs, semiconductor vendors, operators and retail & insurance enterprises across the world. Global Fortune 500 and Tier 1 companies in these segments are part of Sasken's customer profile. Sasken's solutions are backed by ISO 9001:2000, ISO 27001 and TL 9000 certifications. Sasken's proprietary quality management systems strengthen our business offerings and ensure client satisfaction. Sasken's commitment to environment is highlighted by its ISO 14001 certification. For further information please visit www.sasken.com

Disclaimer on Forward Looking Statements: Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Bangalore, 19 October 2015: Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) today announced its consolidated results according to Indian GAAP for the quarter and half year ended September 30, 2015. "Our revenue numbers in terms of sequential quarter and for the first half have seen smart growth. This is as a result of a concerted approach to widen our service offering portfolio and a relentless focus on account-based growth strategy," Rajiv Mody, Chairman, Managing Director and CEO, Sasken Communication Technologies said. "On the cost side, our annual salary revision cycle and changes to our business mix has seen costs increase. However, we have put necessary measures to maintain all margins. We have invested in a consulting engagement with a global leader in strategic consulting to refine and craft our growth strategy for the future. Our legal expenses continue to be on the higher end, as a result of ongoing litigation over a breach of contract by a licensee. The litigation is expected to draw to a close within the next 12 months," noted Mr. Mody.

Performance Snapshot for the Half Year: H1 FY 16

• Consolidated Revenues for H1 FY 16 at Rs. 237.09 Crore
  • Up 9.6 % YoY from H1 FY 15
• Consolidated EBIDTA for H1 FY 16 at Rs. 22.65 Crore
  • Up 4.9 % YoY from H1 FY 15
• Consolidated PAT for H1 FY 16 at Rs. 20.40 Crores
  • Down 79.7 % YoY from H1 FY 15
  • PAT Margins for the half year at 8.6 %

Key Business metrics for the half year: H1 FY 16

• Software services revenues for H1 FY 16 at Rs. 224.05 Crore
  • Up 7.1 % YoY from H1 FY 15
• Products group revenues for H1 FY 16 at Rs.11.61 Crore
  • Up 95.7 % YoY from H1 FY 15
• Consolidated EBIDTA margins were at 9.5 %
  • Services EBIDTA margins were at 8.9 %
  • Products EBIDTA margins were at 22.1 %

Performance Snapshot for the Quarter: Q2 FY 16

• Consolidated Revenues for Q2 FY 16 at Rs. 127.81 Crore
  • Up 17.0 % over the previous quarter
  • Up 18.2 % YoY from Q2 FY 15
• Consolidated EBIDTA for Q2 FY 16 at Rs. 12.37 Crore
  • Up 20.3 % sequentially over the previous quarter
  • Up 26.3 % YoY from Q2 FY 15
• Consolidated PAT for Q2 FY 16 at Rs. 10.55 Crore
  • Up 7.1 % sequentially over the previous quarter
  • Down 88.6 % YoY from Q2 FY 15
  • PAT Margins for the quarter at 8.3 %

Key Business metrics for the Quarter: Q2 FY 16

• Software services revenues for Q2 FY 16 at Rs 117.13 Crore
  • Up 9.5 % sequentially over the previous quarter
  • Up 12.5 % YoY from Q2 FY 15
• Products group revenues for Q2 FY 16 at Rs 9.93 Crore
  • Up 489.3 % sequentially over the previous quarter
  • Up 182.2 % YoY from Q2 FY 15
• Consolidated EBIDTA margins were at 9.7 %.
  • Services EBIDTA margins were at 6.8 %
  • Products EBIDTA margins were at 43.1 %
• Revenue contribution from
  • the Top five customers stood at 49.0 % and
  • from Top 10 customers at 69.0 %
• Consolidated EPS was at Rs 5.20 for the quarter
• Added 15 new customers during the quarter taking the total number of active customers to 125

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken: Sasken is a global leader in providing embedded R&D services, comprehensive testing services, IT infrastructure services and application development & data services to device OEMs, network OEMs, semiconductor vendors, operators and retail & insurance enterprises across the world. Global Fortune 500 and Tier 1 companies in these segments are part of Sasken's customer profile. Sasken's solutions are backed by ISO 9001:2000, ISO 27001 and TL 9000 certifications. Sasken's proprietary quality management systems strengthen our business offerings and ensure client satisfaction. Sasken's commitment to environment is highlighted by its ISO 14001 certification. For further information please visit www.sasken.com

Disclaimer on Forward Looking Statements: Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Bangalore, 24 July 2015: Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) is awaiting regulatory clearances from SEBI/Stock Exchanges for the draft Letter of Offer in connection with its buy-back proposal. In terms of decision of the Board of Directors dated 23rd April, 2015 and in accordance with the provisions of Companies Act, 2013 and the Securities and Exchange Board of India (Buy-back) Regulations, 1988 and with the approval of shareholders by Postal Ballot on 25th June, 2015, the Company has offered to buy-back 41,57,000 fully paid up equity shares of Rs.10 each, at a price of Rs.260 per share for an aggregate amount of up to Rs.10,808.20 lakhs from the existing shareholders of the Company under Tender Offer mechanism. The offer size represents 19.48% of the aggregate paid up capital and free reserves of the Company as at March 31, 2015. The Public Announcement was made in the newspapers on 27th June, 2015. A draft Letter of Offer has been filed with SEBI on 3rd July, 2015 and have provided clarifications / corrections as required.The said papers are yet under review by SEBI. Also we are given to understand that stock exchanges are getting geared to implement the new acquisition window for buy-back. On receipt of comments from SEBI and once stock exchanges are ready, we will proceed with the buy-back.

About Sasken:Sasken is a global leader in providing embedded R&D services, comprehensive testing services, IT infrastructure services and application development & data services to device OEMs, network OEMs, semiconductor vendors, operators and retail & insurance enterprises across the world. Global Fortune 500 and Tier 1 companies in these segments are part of Sasken's customer profile. Sasken's solutions are backed by ISO 9001:2000, ISO 27001 and TL 9000 certifications. Sasken's proprietary quality management systems strengthen our business offerings and ensure client satisfaction. Sasken's commitment to environment is highlighted by its ISO 14001 certification.For further information please visit www.sasken.com

Disclaimer on forward looking statements: Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Bangalore, 20 July 2015: Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) today announced its consolidated results according to Indian GAAP for the third quarter ended June 30, 2015. Speaking on the occasion, Rajiv C Mody, Chairman, Managing Director & CEO, Sasken Communication Technologies said: We are happy to see a quarter-on-quarter growth in both dollar and rupee terms. While we would not like to signal this as a trend, we are confident that several of the growth initiatives taken by us in the past are beginning to yield results. We remain expectant of continuing this growth in the coming quarters.

Performance Snapshot for the Quarter: Q1 FY 16

• Consolidated Revenues for Q1 FY 16 at 109.28 Crore
  • Up 4.7 % over the previous quarter
  • Up 1.0 % YoY from Q1 FY 15
• Consolidated EBIDTA for Q1 FY 16 at 10.28 Crore
  • Up 137.7 % sequentially over the previous quarter
  • Down 12.9 % YoY from Q1 FY 15
• Consolidated PAT for Q1 FY 16 at 9.85 Crore
  • Up 236.7 % sequentially over the previous quarter
  • Up 17.9 % YoY from Q1 FY 15
  • PAT Margins for the quarter at 9.0 %

Key Business metrics for the Quarter: Q1 FY 16

• Software services revenues for Q1 FY 16 at Rs.106.92 Crore
  • Up 6.2 % sequentially over the previous quarter
  • Up 1.7 % YoY from Q1 FY 15
• Products group revenues for Q1 FY 16 at Rs.1.69 Crore
  • Down 44.9 % sequentially over the previous quarter
  • Down 30.2 % YoY from Q1 FY 15
• Consolidated EBIDTA margins were at 9.4 %.
  • Services EBIDTA margins were at 11.2 %
  • Products EBIDTA margins were at -101.7 %
• Revenue contribution from
  • the Top five customers stood at 50.2 % and
  • from Top 10 customers at 67.1 %
• Consolidated EPS was at Rs.4.62 for the quarter
• Added 4 new customers during the quarter taking the total number of active customers to 110

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken:Sasken is a global leader in providing embedded R&D services, comprehensive testing services, IT infrastructure services and application development & data services to device OEMs, network OEMs, semiconductor vendors, operators and retail & insurance enterprises across the world.Global Fortune 500 and Tier 1 companies in these segments are part of Sasken's customer profile.Sasken's solutions are backed by ISO 9001:2000, ISO 27001 and TL 9000 certifications. Sasken's proprietary quality management systems strengthen our business offerings and ensure client satisfaction. Sasken's commitment toenvironmentis highlighted by its ISO 14001 certification.For further information please visit www.sasken.com

Disclaimer on forward looking statements:Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries.Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Bangalore, 23 April 2015: Sasken Communication Technologies Limited (BSE: 532663, NSE: SASKEN) today announced its consolidated results according to Indian GAAP for the fourth quarter and financial year ended March 31, 2015. Speaking on the results Mr. Rajiv C Mody, Chairman, Managing Director and CEO said: We are endeavoring to scale business opportunities arising out of the cusp of embedded and IT Systems. Our early inroads in winning business in this area are a validation of our strategic focus and market potential. In the IoT space, we are building proof of concepts that enables the delivery of next generation services in the insurance and retail verticals. Our traditional business in embedded systems and testing remain promising and the challenges arising out of constant churn remain. We are embracing agile practices to retain and build on our competitive edge to serve the marquee customers we have in the communication and devices space. Your Company takes pride in continuing its track record of paying dividends to its shareholders. This year we are pleased to announce a final dividend of Rs.4.50 per equity share subject to approval of shareholders. This is in addition to the dividend of Rs.22.50 per share paid earlier during the year.

Performance Snapshot for the Quarter: Q4 FY 15

• Consolidated Revenues for Q4 FY 15 at Rs. 104.37 Crore
  • Down 2.7 % over the previous quarter
  • Down 10.3 % YoY from Q4 FY 14
• Consolidated EBIDTA for Q4 FY 15 at Rs. 4.33 Crore
  • Down 31.5 % sequentially over the previous quarter
  • Down 63.2 % YoY from Q4 FY 14
• Consolidated PAT for Q4 FY 15 at Rs. 2.93 Crore
  • Down 81.9 % sequentially over the previous quarter
  • Down 67.7 % YoY from Q4 FY 14
  • PAT Margins for the quarter at 2.8 %

Performance Snapshot for the Financial Year 2015

• Consolidated Revenues for FY 15 at Rs. 428.01 Crore
  • Down 6.6 % YoY from FY 14
• Consolidated EBIDTA for FY 15 at Rs. 32.25 Crore
  • Down 39.6 % from FY 14
  • Consolidated EBIDTA Margins at 7.5 %
• Consolidated PAT for FY 15 at Rs. 119.56 Crore
  • UP 132.3 % from FY 14
  • PAT Margins are 27.9% for the year

Key Business metrics for the Quarter: Q4 FY 15

• Software services revenues for Q4 FY 15 at Rs. 100.69 Crore
  • Down 3.2 % sequentially over the previous quarter
  • Down 9.3 % YoY from Q4 FY 14
• Products group revenues for Q4 FY 15 at Rs.3.06 Crore
  • Up 6.1 % sequentially over the previous quarter
  • Down 35.5 % YoY from Q4 FY 14
• Consolidated EBIDTA margins were at 4.1 %.
  • Services EBIDTA margins were at 7.0 %
  • Products EBIDTA margins were at -43.3 %
• Revenue contribution from
  • the Top five customers stood at 50.6 % and
  • from Top 10 customers at 67.2 %
• For the quarter, Consolidated EPS before exceptional items was at Rs.3.10 and after exceptional items was at Rs.1.37

Key Business metrics for Financial Year 2015

• Software services revenues for FY 15 at Rs. 413.94 Crore
  • Down 5.2 % from FY 14
• Products group revenues for FY 15 at Rs.11.88 Crore
  • Down 38.2 % from FY 14
• Consolidated EBIDTA margins were at 7.5 %.
  • Services EBIDTA margins were at 8.5 %
  • Products EBIDTA margins were at -8.8 %
• For the year, Consolidated EPS before exceptional items was at Rs.15.05 and after exceptional items was at Rs.56.11
• For details on exceptional items, kindly refer notes to Clause 41 financials

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken:Sasken is a global leader in providing embedded R&D services, comprehensive testing services, IT infrastructure services and application development & data services to device OEMs, network OEMs, semiconductor vendors, operators and retail & insurance enterprises across the world.Global Fortune 500 and Tier 1 companies in these segments are part of Sasken's customer profile.Sasken's solutions are backed by ISO 9001:2000, ISO 27001 and TL 9000 certifications. Sasken's proprietary quality management systems strengthen our business offerings and ensure client satisfaction. Sasken's commitment toenvironmentis highlighted by its ISO 14001 certification.For further information please visit www.sasken.com

Disclaimer on forward looking statements:Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries.Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Sasken Communication Technologies Limited published this content on 19 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 December 2016 10:42:11 UTC.

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