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Firstsource reports First Quarter Fiscal 2018 revenues of Rs 8,777 million

  • August 8th, 2017
  • Press Releases
  • Firstsource reports First Quarter Fiscal 2018 revenues of Rs 8,777 million

    Y-o-Y de-growth of 1.8%; Constant Currency growth at 6.0%

    EBIT of Rs 853 million

    PAT of Rs 654 million

     

    Mumbai, August 08, 2017: Firstsource Solutions Limited (NSE:FSL, BSE:532809), a global provider of customised Business Process Management (BPM) services and a RP-Sanjiv Goenka Group company, reported its consolidated financial results for the quarter ended June 2017 according to Ind AS.

     

    Highlights for the Quarter ended June 30, 2017:

    Mr. Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group and Firstsource Solutions said, “It has been a very good first quarter for Firstsource and we are excited about the future growth prospects. As part of our strategic and long term plans, we have signed definitive agreements to sell a portion of the India domestic business unit to Vertex Customer Management India Private Limited. Our continued investment in innovation is enabling us to strengthen our relationships with existing clients and win new logos.”

     

    Business Highlights for the Quarter
    ended June 30, 2017:

    Key Developments

    Firstsource signed definitive agreements to sell a portion of the India domestic business unit to Vertex Customer Management India Private Limited. The decision is in line with the strategic and long term plans for the organisation.

    Business Wins

    Won additional contracts in the quarter for the Customer Management, Healthcare, Mortgage and Collections business with existing and new clients.

    Debt repayment

    Firstsource Group USA, wholly owned subsidiary of Firstsource Solutions successfully made the quarterly principal repayment of USD 11.25 million on its outstanding debt on June 30, 2017.

    Awards and Recognitions

     


    About Firstsource

    Firstsource Solutions Limited, a RP-Sanjiv Goenka Group company (NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL@IN), is a leading global provider of customised Business Process Management (BPM) services to the Healthcare, Telecom & Media and Banking & Financial Services industries. The company’s clients include Fortune 500, FTSE 100 & Nifty 50 companies. Firstsource has a ‘rightshore’ delivery model with operations in India, the Philippines, the U.K. and the U.S.

    (www.firstsource.com)

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