India · Delayed Price · Currency is INR eClerx Services Earnings Call Transcripts
Fiscal Year 2027
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Q1 revenue grew 15.2% year-over-year with strong momentum in analytics, automation, and new deal wins. Margins declined sequentially due to wage hikes, but profitability remained healthy. Outlook remains positive with expected growth in BFSI and emerging segments from H2.
Fiscal Year 2026
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Q4 saw $46M in new deals, 23% YoY revenue growth, and strong progress in AI and analytics. FY 2027 guidance targets top quartile growth and 24%-28% EBITDA margin, with a robust pipeline and continued investment in technology and talent.
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Q3 FY26 saw strong revenue and margin growth, with broad-based gains across high-tech, M&D, and emerging segments. Deal wins and client metrics improved, while guidance remains positive despite expected Q4 volatility.
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Q2 FY26 delivered robust revenue and margin growth, with strong deal wins and broad-based client expansion, especially in analytics, automation, and emerging segments. Margin guidance remains at 24%-28% for the year, with a buyback of INR 3,000M approved.
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Q1 FY26 delivered strong revenue and margin growth, led by BFSI, CMT, and Analytics, with broad-based expansion except in Fashion and Luxury. Management maintains a cautiously optimistic outlook, expects sequential growth in Q2, and continues to invest in technology, new centers, and upskilling initiatives.
Fiscal Year 2025
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Q4 and FY25 saw strong revenue and margin growth, with robust deal wins and expansion into new geographies. BFSI and CMT led growth, while productized services and analytics/automation drove client engagement. FY26 outlook is positive, with a strong pipeline and stable margins expected.
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Q3 FY25 saw 1.8% sequential and 11.2% year-over-year revenue growth, with strong deal wins and a healthy pipeline. Margins were impacted by new facility costs and lower utilization, but outlook remains cautiously optimistic with continued investments in growth.
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Q2 FY25 delivered strong revenue and margin growth, led by financial markets and customer operations, with EBITDA margin at 27.1% and PAT up 26% sequentially. Despite higher roll-offs expected in Q3 and increased costs from new facilities, the medium- to long-term outlook remains positive, supported by a robust pipeline and ongoing cross-sell initiatives.
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Q1 FY25 saw 11.1% year-over-year revenue growth, led by financial markets, but margins declined due to wage hikes and management hires. Margins are expected to recover from Q2, with double-digit revenue growth and 24%-28% margin guidance for FY25.