Upgrades

Q1 revenue growth at 1.4% QoQ USD, roughly in line with our estimate of 1.7% QoQ USD

The company reported healthy growth in the quarter mainly led by lower roll offs, acquisition, healthy demand in analytics in customer & financial operations and improving demand from large clients. eClerx is seeing healthy growth in financial operations and offshore digital care business in top 10 clients. In addition, the company may benefit from cross sell and up sell to Personiv clients. Hence, although we expect certain short-term projects to get ramped down in the near term, we believe improving growth in CLX business, healthy deal wins, acquisition of Personiv and growth in...

ECLX reported Q4FY21 revenue growth of 19.3% CC QoQ, including 6.3% organic growth and the balance from its Personiv acquisition

Expect growth recovery to continue in FY22 Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for India Research, Sales, Corporate Access and Trading team. We request your ballot....

The company's robust growth guidance of 15-18% in CC terms is based on improvement in healthcare (especially provider business) and improvement in banking (led by growth in collection & fintech and UK banking). In addition, FSL expects communication, media & technology to gain traction led by improvement in top client and addition of new logos in US & UK in media & e-commerce. The company expects moderation in growth in mortgage (post a robust year) mainly led by slowdown in refinance. Further, we expect the healthcare segment to witness improved traction led by acquisition of...

The company has seen an improved market share in top client. We expect this trend to continue, going forward. Apart from traction in top client, healthy growth in media & e-commerce (added one US ecommerce client in the current quarter) will drive CMT revenues. This, coupled with improving UK BFS and mortgage business (led by refinancing, new home sales & delinquencies) is expected to drive the BFS business. Further, we expect the healthcare segment to witness improved traction led by acquisition of PatientMatters (cross sell opportunities), ramp of large deal win (US$22...

The company reported healthy growth in the current quarter mainly led by improving demand, especially in CLX business, lower roll offs, acquisition and improving demand. eClerx, over the years, has seen roll offs due to client specific issue, insourcing, ramp down of short-term projects and automation. However, with anticipated lower roll offs from one-off client specific event (accounting for one-third of new sales of ~US$40- 50 million) will help the company to boost revenues. Going forward, although we expect certain short-term projects to get ramped down in the near term, we...

eClerx (ECLX) has acquired Personiv an IT services firm with capabilities in the digital, back office and customer contact domains for a cash consideration of US$ 34mn.