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Add eClerx Services Ltd For Target Rs.3,500 By Emkay Global Financial Services eClerx reported strong results in Q2FY25; revenue growth and margin were both better than our estimates. Revenue growth was led by Financial Market supported by Customer Operations, whereas Digital saw mixed performance. The strong margin performance was aided by: i) Stronger revenue growth, ii) Higher utilizations, and iii) One-offs to the tune of 85bps. New deals ACV was down 1.7% YoY, attributable to longer decision making by clients, particularly in the digital segment. While the overall ...
Add eClerx Services Ltd For Target Rs.3,500 By Emkay Global Financial Services
Add eClerx Services Ltd For Target Rs.3,500 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-21 04:06:16 pm
eClerx ends FY24 on a high; Records 10.5% revenue growth, best performance Mumbai-based IT consulting firm eClerx Services Ltd. has announced its consolidated financial results for the quarter ended March 31, 2024. the company reported sequential and Y-o-Y improvement in terms of operational revenue. The company continues its focus on operational efficiencies, even as it pursues an organic growth expansion strategy to diversify into developing markets. The Board also approved the buyback of equity shares through tender offer route for an amount not exceeding Rs. 385...
eClerx ends FY24 on a high; Records 10.5% revenue growth, best performance
eClerx ends FY24 on a high; Records 10.5% revenue growth, best performance
Source: PR Agency
2024-05-17 01:52:53 pm
eClerx Secures Dual Gold in Asia-Pacific Stevie Awards, Affirming Leadership in HR Innovation and Technology eClerx Services Ltd (NSE/BSE: ECLERX), a leader in business process management, announced today that it has won two Gold Asia-Pacific Stevie® Awards, underscoring its pioneering approach in human resources management and technological innovation. The prestigious awards were conferred for eClerx’s outstanding ‘Skill of the Year’ program in the ‘Award for Innovation in Human Resources Management, Planning & Practice’ category, and for its revolution...
eClerx Secures Dual Gold in Asia-Pacific Stevie Awards, Affirming Leadership in HR Innovation and Technology
eClerx Secures Dual Gold in Asia-Pacific Stevie Awards, Affirming Leadership in HR Innovation and Technology
Source: PR Agency
2024-05-07 02:00:25 pm
Reduce eClerx Services Ltd. For Target Rs.: 2,750 - Emkay Global eClerx reported mixed operating performance in Q3 with in-line revenue, while margin missed expectations. Revenue grew 3.3% QoQ to USD90.5mn (3.5% CC), driven by traction in customer operations and financial markets. EBITDAM declined 90bps QoQ to 27.5%. Management highlighted that conversations within the digital segment show optimism and they expect growth to pick up in next couple of quarters. Within the digital segment, Company witnessed healthy demand in industrials and sees green shoots ...
Reduce eClerx Services Ltd. For Target Rs.: 2,750 - Emkay Global
Reduce eClerx Services Ltd. For Target Rs.: 2,750 - Emkay Global
Source: Emkay Global
2024-04-30 12:46:20 pm
Accumulate eClerx Limited For Target Rs. 2,841 - Elara Capital   In-line Q3; optimistic H2 outlook Inline revenue with strong seasonality led growth in Top accounts. eClerx (ECLX IN) reported 3.5% QoQ CC revenue growth and is in line with our estimates. Revenue at USD 90.5mn was up 3.3% QoQ. The key contributors to growth were financial markets (compliance and KYC regulation-led business) and customer operations businesses (seasonality from existing custom...
Accumulate eClerx Limited For Target Rs. 2,841 - Elara Capital
Accumulate eClerx Limited For Target Rs. 2,841 - Elara Capital
Source: Elara Capital
2024-02-22 03:11:57 pm
Leading Indian IT firm eClerx reports strong growth; posts 9.8% revenue growth and improved profitability despite industry headwinds Known for providing business process management, automation, and analytics services to a number of Fortune 2000 enterprises, Mumbai-based IT consulting firm eClerx Services Ltd. has come out with upbeat financial results for the quarter ended December 31, 2023. The company reported sequential and Y-o-Y improvements in revenue, profit and margin metrics, underscoring its strong operating leverage and continued focus on optimizing delivery costs. Founded in 2000 by Anjan Malik and PD Mundh...
Leading Indian IT firm eClerx reports strong growth; posts 9.8% revenue growth and improved profitability despite industry headwinds
Leading Indian IT firm eClerx reports strong growth; posts 9.8% revenue growth and improved profitability despite industry headwinds
Source: PR Agency
2024-02-03 10:27:59 am
Buy eClerx Services Ltd For Target Rs.2,400 - Emkay Global Financial Services eClerx’s Q2 operating performance came well ahead of estimates. Revenue grew 4.4% QoQ to USD87.6mn, on the back of traction in financial markets and customer operations. EBITDAM expanded by 390bps QoQ to 28.4%, driven by revenue-growth-led operating leverage and stable delivery costs (on account of change in offshore employee mix and lower tech headcount). Subsequent to the impressive Q2 margin performance, the management now expects adjusted EBITDAM to register its targeted range of 28...
Buy eClerx Services Ltd For Target Rs.2,400 - Emkay Global Financial Services
Buy eClerx Services Ltd For Target Rs.2,400 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-12-04 03:00:45 pm