HGS ANNOUNCES Q1 RESULTS FOR FY2020
Mumbai, India, August 5, 2019: Hinduja Global Solutions (HGS) (listed in BSE & NSE) today announced its unaudited First Quarter results for FY2020.
Speaking on the results, Partha DeSarkar, CEO of HGS said: “HGS’ growth momentum continues in the new fiscal. In Q1 FY2020, our topline grew by 17.2% over Q1 FY2019 while EBITDA more than doubled. Growth was led by organic expansion and new client ramp ups, especially in the US. PAT was flat in the quarter, primarily due to drop in Other Income arising out of adverse exchange rate fluctuations.
All our geographies are performing as expected, and AxisPoint Health and India domestic businesses continue to show improvement. HGS signed up with eight new clients in the quarter across healthcare, retail and consumer verticals. With eight engagements for our digital and transformative solutions across new and existing clientele, we are very pleased with how this business is shaping up. Our solutions for social care, intelligent automation, analytics and cloud services are seeing big demand from clients. We will increase our investments to build capabilities in these growth areas as we see big opportunities for technology-led services.