Aim to achieve FY16 rev guidance of 26-30%: Intellect Design

Intellect Design Arena reported a weak third quarter ended December, 2015. It reported a net loss at Rs 11.94 crore versus Rs 7.94 crore reported for the second quarter. Rupee revenues came in at Rs 193.7 crore versus Rs 207.32 crore for Q2, while dollar revenues too came in lower for Q3 at USD 29.39 million versus USD31.94 million reported in Q2.However, Arun Jain, CMD of the company is confident that in fourth quarter they will be able to breakeven and says they are on track to achieve annual guidance of 26-30 percent on back of robust deal pipeline.The loss in Q2 was mainly due to two deals were deferred to fourth quarter and few other deals got impacted due to Chennai floods, says Jain.Intellect Design Arena Limited, commonly known as Intellect Design, is an Indian company that provides IT product solutions especially in the financial and BFSI sectors. The company is based in Chennai and a part of the Polaris GroupFor the entire interview, watch video.