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US acquisition, dip in India biz drag Hinduja Global Solutions Q2 net

The company reported a 22.9% rise in its revenues at Rs 11.58 bn in the quarter when compared with the corresponding period previous fiscal

Hinduja Group
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Logo of Hinduja Group. (Photo courtesy: Wikipedia)

Debasis Mohapatra Bengaluru
Business process management (BPM) services firm, Hinduja Global Solutions (HGS) reported a 16 per cent decline in its net profit at Rs 448 million for the second quarter ended September 30, 2018, as its recent acquisition AxisPoint Health and dip in Indian revenue proved to be a drag on its bottom line.

The company reported 22.9 per cent rise in its revenues at Rs 11.58 billion in the quarter when compared with the corresponding period previous fiscal. Demand across healthcare, consumer, eCommerce, telecom and technology verticals were the major drivers of revenue growth during this period.

"Our business in geographies