NIFTY 50

Expect modest growth in FY19, says eClerx Services

Updated : June 18, 2018 01:49 PM IST

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.

cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you