Rajiv C Mody, Chairman and CEO of Sasken Communication Technologies says current cash on books is around Rs 200 crore and the company will receive Rs 200-odd crore net of taxes from the recent arbitration award win. After dividend payout, the net cash would be around Rs 350-360 crore, he adds.
Sasken Communication Technologies has reported a weak set of earnings in its quarter ended March. In an interview to CNBC-TV18, CMD and CEO Rajiv Mody discusses the company‘s earnings and future outlook.
After improved EBITDA margins in company's services and products business, Neeta Revankar, CFO, Sasken has a positive outlook for H2 FY13. In an interview with CNBC-TV18 she said that the company is headed for growth and is also set for an open market buyback in the second or third week of May.
In an interview to CNBC-TV18, Rajiv Mody, chairman and chief executive officer, Sasken Communication said, the company's revenues for the quarter were lower due to sluggishness from of its top client, Nokia.
Sasken saw an improved performance, both on topline as well as EBITDA. According to Rajiv Mody, chairman and chief executive officer, it has been a decent quarter. He expects to see solid demand, primarily form the semiconductor and handsets business led by Android operating system.
Though the company has seen increased business from their largest customer Nokia in this quarter but it expects to see some decline in revenue in the future.
Rajiv Mody, CEO of Sasken, in an interview with CNBC-TV18's Ekta Batra and Reema Tendulkar, gave his perspective of the fourth quarter performance and their divulged future plans.
Neeta Revankar, CFO, Sasken in an interview on CNBC-TV18 spoke about the latest happenings in her company and sector.