R Systems International Limited — Investor Meet, 15-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

R Systems International Limited reported a 6.2% YoY revenue rise to INR 442.5 Cr, with a slight 1.5% QoQ dip from delayed decisions and lower onsite consulting revenue. Adjusted EBITDA grew 28.1% YoY to INR 76.8 Cr (17.4% margin), while PAT increased 36.2% YoY to INR 43.4 Cr. Headcount rose by ~50, driven by deals in product engineering, cloud, AI, and automation. Management highlighted progress in mid-market GCC offerings, AWS IoT partnership, and OptimaAI scaling. Multi-year large deals are expected to ramp up from Q2/Q3. Utilization is steady at ~83-84%, with stable DSO near 64 days. Focus remains on innovation-led growth and expanding client relationships amid cautious economic conditions.