Page 2 - Firstsource Solutions
Dollar and Pound volatility impacts Firstsource's profit
Kolkata based RP-Sanjiv Goenka Group's business process outsourcing (BPO) wing, Firstsource Solutions Ltd (FSL) is likely to post muted growth in the ongoing fiscal quarter as the global currency volatility is dragging down its bottomline and the businesses in USA and UK is undergoing a phase of flux on account of changes in US policies and Brexit.The company's exposure to the US Dollar and the British Pound is to the tune of 93.4 per cent of its revenue. While the US Dollar is used as the currency to conduct 55.4 per cent of its business, the British Pound makes up for the remaining 38 per cent."The growth in the first quarter (of the current fiscal year) is likely to be muted but the benefits of the contract with Sky will start coming in from the second quarter which will boost growth further", Sanjiv Goenka, chairman of the RP-SG Group said.During the quarter ended March 31, 2017, the company posted a 15.7 per cent decline in its net profit at Rs. 65.3 crore as against the net ...
 "Dollar and Pound volatility impacts Firstsource's profit")
UK overtakes US as the largest market for Firstsource
In Q3, UK contributed 37.6% to its Rs 885.4 crore topline while operations in USA contributed 56.2%
 "UK overtakes US as the largest market for Firstsource")
Firstsource looks at further global acquisitions to expand business
Firstsource is on the lookout to acquire niche companies mainly in UK and USA