eClerx Services - Revenues To Improve In Coming Quarters: ICICI Direct
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ICICI Direct Report
eClerx Services Ltd.'s revenues in the current quarter were driven by the Personiv acquisition and organic growth led by higher offshore revenues.
Revenue growth was driven by financial services, digital and customer operations.
eClerx Services is seeing healthy traction across these verticals led by supply side constraints, clients distributing its work to third party to diversify risk and demand filling leakages.
The company has done robust hiring in the quarter (~7% of total revenues) to cater to demand and address attrition.
We believe this will lead to healthy growth in coming quarters.
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