New Delhi: BPO firm Firstsource Solutions on Monday reported a 6 per cent increase in consolidated net profit at Rs 56.4 crore for the fiscal first quarter that ended on June 30, 2015.
The company had posted a net profit of Rs 53.2 crore for the corresponding period a year ago.
However, consolidated revenue of the company dipped 1.1 per cent to Rs 746.9 crore as against Rs 755.6 crore in the quarter ended June 2014, Firstsource Solutions said in a statement.
"It has been a good quarter for the company with new wins in the Healthcare sector and a continued expansion of profit after tax. We continue to invest in analytics and our productized services which help provide value to our clients," said Sanjiv Goenka, chairman of RP Sanjiv Goenka Group and Firstsource.
On a sequential basis, net profit was down 9.5 per cent (from Rs 62.3 crore in the March 2015 quarter), while revenue was down 0.9 per cent (from Rs 754 crore).
The RP-Sanjiv Goenka Group company had a cash position of Rs 194.6 crore as of June 30, 2015.
As of June 30, 2015, Firstsource derived 56 per cent revenues from the US, 35 per cent from the UK and 9 per cent from rest of the world, including India.
In terms of verticals, healthcare accounted for 40 per cent of the revenues in the said quarter, followed by telecom and media (36 per cent), and banking, financial services and insurance (24 per cent).
Firstsource added one delivery centre in the US and closed two in India, taking the total count to 46 centres.
It had 23,939 employees as of June 30, 2015, a reduction of 1,346 employees in the reported quarter. The annualised attrition for offshore (India and the Philippines) stood at 50.3 per cent compared to 52.7 per cent in the January-March 2015 quarter.
Onshore (US and Europe) attrition rate stood at 46.4 per cent in the April-June 2015 quarter compared to 40 per cent in the preceding quarter.
Shares in Firstsource Solutions, on Monday, ended 5.25 per cent lower at Rs 32.50 apiece on the BSE.
The company had posted a net profit of Rs 53.2 crore for the corresponding period a year ago.
However, consolidated revenue of the company dipped 1.1 per cent to Rs 746.9 crore as against Rs 755.6 crore in the quarter ended June 2014, Firstsource Solutions said in a statement.
"It has been a good quarter for the company with new wins in the Healthcare sector and a continued expansion of profit after tax. We continue to invest in analytics and our productized services which help provide value to our clients," said Sanjiv Goenka, chairman of RP Sanjiv Goenka Group and Firstsource.
On a sequential basis, net profit was down 9.5 per cent (from Rs 62.3 crore in the March 2015 quarter), while revenue was down 0.9 per cent (from Rs 754 crore).
The RP-Sanjiv Goenka Group company had a cash position of Rs 194.6 crore as of June 30, 2015.
As of June 30, 2015, Firstsource derived 56 per cent revenues from the US, 35 per cent from the UK and 9 per cent from rest of the world, including India.
In terms of verticals, healthcare accounted for 40 per cent of the revenues in the said quarter, followed by telecom and media (36 per cent), and banking, financial services and insurance (24 per cent).
Firstsource added one delivery centre in the US and closed two in India, taking the total count to 46 centres.
It had 23,939 employees as of June 30, 2015, a reduction of 1,346 employees in the reported quarter. The annualised attrition for offshore (India and the Philippines) stood at 50.3 per cent compared to 52.7 per cent in the January-March 2015 quarter.
Onshore (US and Europe) attrition rate stood at 46.4 per cent in the April-June 2015 quarter compared to 40 per cent in the preceding quarter.
Shares in Firstsource Solutions, on Monday, ended 5.25 per cent lower at Rs 32.50 apiece on the BSE.
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