Firstsource revises annual guidance

24 Nov 2008, 1510 hrs IST, ECONOMICTIMES

MUMBAI: One of India's leading BPOs, Firstsource has revised its dollar revenue guidance for the year to 21 per cent from 34 per cent. The company said the scaledown in revenue guidance for the financial year FY-09 has been mainly due to cross currency movements and the affect of global economic slowdown.

The company reported a net profit of Rs 283 million in Q2FY09 compared to net loss of Rs 501 million in Q1 FY09.The company reported a second quarter revenue of Rs 4250 million with a sequential growth of 4.2 per cent

Firstsource has revenue split with the share of the US and UK accounts 45 per cent and 42 per cent respectively, and that of India is 13.2 per cent.

Firstsource provides customised business process management to banking and financial services, telecom, media and healthcare sectors.