Conference Call with Firstsource Solutions Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
BPO/KPO company Firstsource Solutions announced Q1FY24 results: Revenues at Rs 15,292 million (USD 186 million), up 3.9% YoY Operating margin (OM) at Rs 1,789 million or 11.7% of revenues, up 52.8% YoY Profit after tax (PAT) at Rs 1,260 million or 8.2% of revenues, up 48.1% YoY Diluted earnings per share (EPS) of Rs 1.8 Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “The first quarter FY24 results for Firstsource reflect the success of our strong, domain-led offerings underpinned by our sharp client focus to help enterprises navigate rapid economic, technology, and consumer evolution. We deepened our partnership with our top client, demonstrating our capabilities as a trusted partner for growth. The significant investments in Digital solutions position us advantageously to capitalize on the increasing demand for solutions powered by Generative AI and Machine Learning. These efforts underscore our commitment to delivering value for stakeholders, and innovation to meet our clients' evolving needs.” Result PDF
Conference Call with Firstsource Solutions Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
BPO/KPO firm Firstsource Solutions announced Q4FY23 & FY23 results: Q4FY23: Revenue at Rs 15,568 million or USD 190 million, growth of 0.8% YoY and (2.8%) YoY in CC Operating Margin (OM) at Rs 1,799 million or 11.6% of revenues Profit After Tax (PAT) at Rs 1,413 million or 9.1% of revenues Diluted Earnings Per Share (EPS) of Rs 2.02 FY23: Revenue at Rs 60,223 million or USD 750 million, growth of 1.7% and (1.1%) in CC Operating Margin (OM) at Rs 5,633 million or 9.4% of revenues Profit After Tax (PAT) at Rs 5,137 million or 8.5% of revenues Diluted Earnings Per Share (EPS) of Rs 7.32 23,018 employees as of March 31, 2023 Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “The fourth quarter results of Firstsource are in line with our expectations. Our primary focus this year was to diversify our business and reduce dependence on macroeconomic conditions, continue to build our digital offerings and fuel the subsequent phase of our expansion. Despite the challenging business environment, we have used this year to extend capabilities into adjacent areas, expand our client base across diverse portfolios, and significantly strengthen our existing key accounts.” Result PDF