Average annual revenue per active customer is on the increasing trend for Happiest Minds although attrition rate is increasing

Completed a decade of existence and one year listing on stock exchange
Introduced vision statement for 2031 and beyond: It has six elements. It talks about design for perpetuity, Diversity, Ownership, Leadership, Strategy, ESG (Environment, social and governance), to create a great place to work.
Diversity: Aim to have 35% women employees and 30% women in the leadership roles
No longer will have the benefit of deferred tax credit. Current tax rate is 25.1% for the company as against 20.1% in the preceding year.
Subcontracting cost: Q2FY21: 7.6%, Q1FY22: 14.3%, Q2FY22: 13.1%. Employee cost has also reduced in this quarter with increasing subcontracting cost.
Growth rate for next 5 years: 20% CAGR.
EBITDA Margins going forward to be in the range of 22%-24%.
More focus on the new domains like travel and healthcare where they have less expertise.
High attrition continues for the firm. It takes nearly 6 months for freshers to be job ready.
Average annual revenue per active customer is on increasing trend, currently at 0.78 million USD.

Average annual revenue per active customer is on the increasing trend for Happiest Minds although attrition rate is increasing | Q2 FY22 Conference Call Highlights