Press Coverage: Second Quarter Fiscal 2017 Financial Results

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“Firstsource Solutions Q2 Net jumps over 21 % at Rs 71.3 crore”

The Economic Times, 27 October 2016

KOLKATA: Firstsource Solutions, a RP-Sanjiv Goenka group company, is looking to diversify into other segment of operations such as software management, software development from being a pure play BPO company.

Riding on higher revenue and better cost management, the company reported a 21.5% rise in net profit at Rs 71.3 crore in the July-September quarter of the current financial year against Rs 58.7 crore in the same period last fiscal. Revenues grew 12.3% to Rs 884.4 crore during the period under review compared to Rs 787.8 crore during the same period last year.

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“Firstsource looks at further global acquisitions to expand business”

Business Standard, 27 October 2016

BPM firm Firstsource Solutions, an RP-Sanjiv Goenka Group company is looking at global acquisitions as the path to grow its business and diversify portfolio in the coming years.

The BPM (business process management) company is on the lookout to acquire niche companies mainly in UK and USA, whose products and services are in line with the category, Firstsource is in.

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“Firstsource looking at diversification”

The Hindu Business Line, 27 October 2016

Mumbai-headquartered Firstsource Solutions Ltd, an RP-Sanjiv Goenka group company, may look at other revenue streams, going beyond its core business process management services.

According to Sanjiv Goenka, Chairman, Firstsource, the company will take a call in this regard later He did not elaborate on the streams that Firstsource will look at but maintained that these could be related to “value-addition services to customers”

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Firstsource Solutions profit jumps 21.5% to Rs71.3 crore

Live Mint, 28 October 2016

Firstsource Solutions Ltd, a business process outsourcing company controlled by the RP-Sanjiv Goenka Group, on Thursday said its September quarter net profit jumped 21.5% from a year earlier to Rs71.3 crore, thanks to improved margins.

Revenue grew 12.3% year-on-year to Rs884.4 crore during the quarter. The company is aggressively rationalising costs and adding new clients, group chairman Sanjiv Goenka said

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Firstsource earnings jump 21%

The Telegraph, 27 October 2016

FirstSource Solutions, a business process outsourcing company, has reported a 21.3 per cent increase in its September-quarter net profit at Rs 71.3 crore.

The RP-Sanjiv Goenka group company’s revenue during the quarter jumped 12.3 per cent to Rs 884.4 crore over the same period a year ago.

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Firstsource reports second quarter Fiscal revenues of $132.1 million

Derry Now, 1 November 2016

Firstsource Solutions Limited, which employs over 1,000 people in Derry, has reported revenues of $132.1 million, an increase of 12.3% year-on-year-compared to $117.7 million for the quarter ended September 2015.

The company reported its consolidated financial results for the quarter ended September 2016 according to Indian Accounting Standards (IND AS).

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