eClerx Services Ltd. News and Updates

Name: Latest research reports of eClerx Services Ltd. authored by Reliance Securities and published by - Trendlyne research reports.
Item: eClerx Services Ltd.
Rating: 5
Author: Reliance Securities

Keep track of all breaking news on eClerx Services Ltd. from all sources in a single place.

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eClerx Services Ltd.

30 Aug 2016

4519.00

1.39%

eClerx - 1QFY17 Result Update

Buy: eClerx Services Ltd.

Reliance Securities

Revenue Challenges Abound; Buy-back could Support Stock 1QFY17 financials of eClerx Services (eClerx) reflect major revenue challenges led by automation, in-sourcing initiatives and project roll offs. USD revenue fell 1.2% qoq (-0.6% in CC terms) to US$50.2mn, while yoy revenue grew by single digit (8.2%) for the first time since 3QFY15. It disappointed on EBIT margin also, which came in 147bps below our estimate (33.5% vs. 35% estimated) owing to pay hikes and reversal of gratuity write-backs. Notably, automation has impacted all its verticals Cable, Digital Marketing Financial Services to varying degrees. 2QFY17E revenue will be flattish, with possible...

eClerx Services Ltd. has gained 34.62% in the last 6 Months

eClerx Services Ltd.

29 Jun 2016

4519.00

1.39%

Buy Eclerx, target Rs 1570: Centrum Broking

Economic Times

The softer revenue guidance for 1HFY17 is owing to completion of short-term projects in select large accounts

eClerx Services Ltd. is trading above all available SMAs

eClerx Services Ltd.

23 May 2016

4519.00

1.39%

eClerx Services Limited

Sell: eClerx Services Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research eClerx reported a mixed set of Q4FY16 numbers as though revenues were below our estimates, EBITDA and PAT were above estimates...

Number of FII/FPI investors increased from 240 to 264 in Sep 2025 qtr.

eClerx Services Ltd.

20 May 2016

4519.00

1.39%

eClerx Services - 4QFY16 Result Update

Accumulate: eClerx Services Ltd.

Recommendation Target

Reliance Securities

eClerx has posted revenue of US$50.8mn on 2.5% qoq decline in cc terms. FY16 revenue stood at US$199.2mn, registering 34% growth in cc terms with 18.8% organic cc growth. Growth decline in 4Q was due to 3.9% sequential decline in top-10 accounts, impacted by project completion largely in financial services vertical. Among geos, RoW had the highest contribution towards growth decline and non top-10 (emerging accounts) grew 4.7% qoq. Its Management expects flat 1HFY17E with subsequent pick-up in growth based on project schedules. Pipeline of Cable Division as well as Digital Business remains healthy. While Financial Services is expected to be volatile, Cable Division is expected to drive growth...

eClerx Services Ltd. has gained 34.62% in the last 6 Months

eClerx Services Ltd.

02 Feb 2016

4519.00

1.39%

eClerx Services Ltd: Revenue growth surpassed our expectations, rollover of shor... (Feb 02, 2016)

Buy: eClerx Services Ltd.

Karvy

eClerx has posted 4.8% QoQ and 42.5% YoY INR revenue growth and 3.2% growth in US$ terms in Q3FY16. Rollover of one short term project and some extensions during Q3 have driven the growth. Q4 revenue growth would largely remain flat versus Q2FY16 due to roll-off of short term projects in due course.

eClerx Services Ltd. has gained 38.30% in the last 1 Year

eClerx Services Ltd.

30 Jan 2016

4519.00

1.39%

eClerx Services (3QFY16): Growth headwinds drive downgrade. Downgrade to NEUTRAL

Hold: eClerx Services Ltd.

HDFC Securities

eClerx reported strong USD revenue growth (3.2% QoQ USD, 4.2% CC). Top-5 client revenue was the highest in five years (since 3QFY11) at 7.9% QoQ; YoY growth (17.5%), too, was the highest since 4QFY12. Non-top-5 clients, however, recorded a decline of 2.7% QoQ, the first since 4QFY12, as some top clients of similar size displayed divergent growth, leading to a change in classification. Higher onsite wage and delivery cost reduced EBIT margin (-115bps QoQ).

eClerx Services Ltd. has gained 34.62% in the last 6 Months

eClerx Services Ltd.

30 Jan 2016

4519.00

1.39%

eClerx - 3QFY16 Result Update

Buy: eClerx Services Ltd.

Reliance Securities

eClerx posted result that came slightly ahead on revenue while operating performance was nearly in-line. 3Q performance was driven by sharp acceleration in top-5 accounts while emerging accounts declined sequentially. Increase in shorterduration contracts, divergent growth trends in top-5 accounts and completion of projects in the near-term is expected to keep near-term growth/margin volatile, however, cable business is expected to remain strong ahead. We maintain our BUY...