Expect +ve growth, margin improvement in FY10: Firstsource
July 29th, 2009
Firstsource Solutions’ Q1 FY10 consolidated net profit stood at Rs 38 crore as against Rs 40.9 crore quarter-on-quarter. Consolidated net sales came in at Rs 480.7 crore from Rs 474.6 crore QoQ.
Ananda Mukerjee, MD and CEO, Firstsource Solutions, said the company is seeing changes in both pricing, volumes. He expects pressure on pricing to continue. “There is pressure on the healthcare business on account of unemployment in the US. However, we saw overall productivity improvements across verticals.”