Expect modest growth in FY19, says eClerx Services

We expect modest growth in revenue in FY19, said Rohitash Gupta, CFO, eClerx Services.

On business front, he said, “Start of FY19 will be soft in terms revenue and because of wage hikes the margins will be little depressed in Q1.”

Clarifying about promoter stake, Gupta said that the promoters bought 90,000 shares in open market to take stake above 50 percent.

“ We think that normalcy will be there in terms of modest growth and year-over-year we are positive that the growth momentum will be further from where we ended up FY18,” he added.

He further said that deal pipeline is 50 percent higher YoY, however client contracts are getting shorter.