| Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | |
|---|---|---|---|---|---|---|
Assets | ||||||
Current assets | ||||||
Cash and cash equivalents | ||||||
104,357 | 109,558 | 108,545 | 45,593 | 37,503 | 4,499 | |
Restricted cash, current | ||||||
70 | 4,000 | - | - | - | - | |
Trade accounts receivable, net of allowance for doubtful accounts of $1,232 at March 31, 2018 and $435 at March 31, 2017 | ||||||
186,991 | 144,862 | 131,204 | 102,269 | 78,624 | 77,562 | |
Unbilled revenue | ||||||
33,310 | 14,454 | 16,081 | 34,269 | 25,879 | - | |
Work-in-progress | ||||||
3,734 | 2,805 | 1,595 | 1,449 | 4,720 | 3,478 | |
Due from related parties (Note 13) | ||||||
1,272 | 1,084 | 2,180 | 1,121 | 1,280 | 6,811 | |
VAT and other taxes receivable | ||||||
4,082 | 1,732 | 1,814 | 2,403 | 1,755 | 810 | |
Deferred tax assets (Note 14) | ||||||
- | - | - | 1,864 | - | - | |
Deferred tax assets (Note 12) | ||||||
- | - | - | - | 1,027 | 238 | |
Advances issued | ||||||
1,777 | 2,740 | 2,413 | 3,467 | 3,689 | 1,964 | |
Other current assets | ||||||
8,041 | 5,224 | 3,333 | 2,685 | 2,295 | 1,650 | |
Total current assets | ||||||
343,634 | 286,459 | 267,165 | 195,120 | 156,772 | 97,012 | |
Non-current assets | ||||||
Restricted cash, non-current | ||||||
2,775 | 1,399 | - | - | - | - | |
Deferred tax assets (Note 15) | ||||||
4,349 | 3,423 | - | - | - | - | |
Deferred tax assets (Note 15) | ||||||
- | - | 3,174 | 1,518 | - | - | |
Property and equipment, net | ||||||
52,739 | 49,571 | 46,072 | 34,727 | 26,445 | 21,860 | |
Intangible assets, net (Note 6 and 7) | ||||||
106,368 | 120,430 | 43,780 | 42,946 | 21,007 | 22,357 | |
Goodwill (Note 5) | ||||||
88,908 | 76,918 | 30,285 | 29,620 | 11,351 | 11,351 | |
Due from related parties (Note 10) | ||||||
- | - | - | - | - | 430 | |
Other non-current assets | ||||||
5,047 | 9,007 | 4,066 | 2,638 | 2,122 | 2,212 | |
Total non-current assets | ||||||
260,186 | 260,748 | 127,377 | 111,449 | 60,925 | 58,210 | |
Total assets | ||||||
603,820 | 547,207 | 394,542 | 306,569 | 217,697 | 155,222 | |
Liabilities and shareholders' equity | ||||||
Current liabilities | ||||||
Short-term borrowings (Note 8) | ||||||
856 | 633 | 460 | 1,333 | 20,476 | 16,576 | |
Accounts payable | ||||||
25,964 | 24,402 | 8,266 | 6,721 | 10,575 | 9,177 | |
Advances received | ||||||
- | - | - | - | 1,754 | 1,384 | |
Accrued liabilities (Note 12) | ||||||
49,593 | 38,513 | 27,357 | 19,860 | 15,360 | 12,592 | |
Deferred revenue | ||||||
4,105 | 3,815 | 5,048 | 9,843 | 195 | - | |
Due to related parties (Note 13) | ||||||
14 | 460 | 518 | 508 | 144 | 136 | |
Capital lease obligations, current portion | ||||||
- | - | - | - | - | 183 | |
Taxes payable | ||||||
22,916 | 21,283 | 22,532 | 17,840 | 8,965 | 4,489 | |
Dividends payable to shareholders (Note 11) | ||||||
- | - | - | - | - | 125 | |
Deferred tax liability, current (Note 12) | ||||||
- | - | - | - | - | 230 | |
Payable under foreign currency forward contracts (Note 10) | ||||||
776 | 295 | 2,476 | - | - | - | |
Payables for acquisitions, current (Note 2 and 9) | ||||||
6,415 | 17,221 | 5,595 | 12,137 | - | - | |
Contingent payable for business acquisition, current (Note 2) | ||||||
- | - | - | - | 1,489 | 2,015 | |
Contingent payable for software acquisition, current (Note 2) | ||||||
- | - | - | - | 171 | 3,265 | |
Other current liabilities | ||||||
2,302 | 2,025 | 1,503 | 920 | 925 | 178 | |
Total current liabilities | ||||||
112,941 | 108,647 | 73,755 | 69,162 | 60,054 | 50,350 | |
Deferred tax liability, non-current (Note 15) | ||||||
10,830 | 16,907 | - | - | - | - | |
Deferred tax liability, non-current (Note 15) | ||||||
- | - | 5,511 | 4,935 | 2,811 | 3,464 | |
Payables for acquisitions, non-current (Note 2 and 9) | ||||||
2,895 | 32,206 | 11,786 | 13,964 | - | - | |
Capital lease obligations, less current portion | ||||||
- | - | - | - | - | 6 | |
Contingent payable for business acquisition, non-current (Note 2) | ||||||
- | - | - | - | 3,320 | 3,790 | |
Contingent payable for software acquisition, non-current (Note 2) | ||||||
- | - | - | - | 1,749 | 2,317 | |
Other non-current liabilities | ||||||
7,205 | 2,629 | 1,757 | 384 | 146 | - | |
Total liabilities | ||||||
133,871 | 160,389 | 92,809 | 88,445 | 68,080 | 59,927 | |
Shareholders' equity | ||||||
Share capital (80,000,000 shares authorized; 34,063,981 issued and outstanding with no par value as at March 31, 2018, and 80,000,000 shares authorized; 33,540,034 issued and outstanding with no par value as at March 31, 2017) | ||||||
0 | 0 | 0 | 0 | 0 | 0 | |
Additional paid-in capital | ||||||
155,456 | 133,192 | 107,477 | 89,173 | 83,390 | 50,936 | |
Common stock held in treasury, at cost (61,874 shares as of March 31, 2018; 93,813 shares as of March 31, 2017) | ||||||
3,424 | 6,028 | 2,665 | - | - | - | |
Retained earnings | ||||||
320,521 | 263,508 | 200,870 | 130,619 | 67,470 | 46,720 | |
Accumulated other comprehensive loss | ||||||
-2,636 | -3,886 | -3,981 | -1,700 | -1,275 | -2,393 | |
Total shareholders' equity attributable to the Group | ||||||
469,917 | 386,786 | 301,701 | 218,092 | 149,585 | 95,263 | |
Non-controlling interest | ||||||
32 | 32 | 32 | 32 | 32 | 32 | |
Total equity | ||||||
469,949 | 386,818 | 301,733 | 218,124 | 149,617 | 95,295 | |
Total liabilities and equity | ||||||
603,820 | 547,207 | 394,542 | 306,569 | 217,697 | 155,222 | |