It’s been a spate of good news coming from outsourcing service providers. NIIT, HCL, Infosys have all posted robust numbers this quarter. The latest entrant is HGS (Hinduja Global Solutions) that has announced its Q32012 results with a whopping 60 percent jump in revenues, as compared to last year. Organic and inorganic growth and favorable exchange rates were said to be the reasons for the good show.
What Numbers Say?
Revenues are up 60 percent as compared to last year. Also on a sequential quarterly basis, there is a hike of 28 percent in revenues. There is only a marginal percentage increase in PAT as compared to last year, while on a quarterly basis there is an increase of around 6 percent.
The Inside Story
From our previous interactions with HGS it became quite clear that the service provider is set to take on the new challenges coming up. Partha DeSarkar,CEO,Hinduja Global Services HGS, said, ”The opportunities are springing up in hitherto untapped pockets and we need to be prepared to capitalize on all of them. It is for the same reason that HGS has now strengthened its presence in Europe (through Careline) and Canada (through OLS).” HGS is also investing in automated technologies with the objective of optimizing costs and providing improved customer service.
For now, it seems the decisions are paying off.Will have to wait for the next quarter to see the long term impacts though.