Firstsource posts 12.3% rise in revenue in Q3
Firstsource Solutions, a global provider of customized business process management services, saw revenues of Rs8.844bn (USD133m) in Q3, up 12.3% year-on-year. The company, which has a “rightshore” delivery model with operations in India, Philippines, Sri Lanka, UK and US, also said its cash position for the quarter is at Rs1.22bn. Firstsource derived 55.1% of revenues from the US, 38.1% from the UK and 6.8% from the rest of the world, including India. As of 30 September, Firstsource had 48 centers, compared to 47 as of 30 June 2016. It has added 2 centers (one in India and one in UK) but shutdown one center in India.
Related news
- BPO firms urge to air worries in Davao forum · 3 Nov
- Ambiguity Over BPO Perks · 3 Nov
- Demand for professionals in IT and BPO/ITES sector up 3% · 2 Nov
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
