India’s leading business services provider Quess Corp.’s announced its financial results for the second quarter ended 30th September 2020. Quess revenue growth was flat year-on-year at Rs 2,615 crore (US$352,081). Quess won 195 new customers during the quarter.
The nine per cent quarter-on-quarter growth is largely from General Staffing, Conneqt, and Qdigi. Quess said profit increased 37 per cent quarter-on-quarter and decreased 25 per cent year-on-year to Rs 50 crore. The year-on-year drop in profit was due to higher ETR, offset by 30 percent PBT growth.
“With our accelerated investments in technology, our group will emerge even stronger from the current pandemic. We continue to work hard towards our 20 percent ROE and 20 percent [Operating Cash Flow Compound Annual Growth Rate] targets,” said Quess CEO Suraj Moraje.