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Dolat Capital Report
Firstsource Solutions Ltd. reported above expectation results, with a sequential revenue growth of 13% at $160 million (our estimate 8%) led by sustained traction in banking financial services and insurance vertical (up 15% QoQ in dollar terms) and very sharp recovery in communication media technology segment (clocked 31% QoQ growth).
Strong offshore led growth led to operating profit margin improvement of about 40 basis points QoQ at 11.4% (our estimate 11.1%).
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