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eClerx’s Q4FY08 revenue stood at Rs 40.95 crore and Profit after tax stood at Rs. 15.17 crore
 

Mumbai, May 26, 2008: eClerx Services Ltd. (ESL), the first KPO to be listed in India, today announced its full year results for fiscal 2008. ESL provides data analytics and customized process solutions to global enterprise clients from its offshore delivery centres in India.

Consolidated financial highlights for Q3FY08 and nine months ended March 31, 2008
For period ended 31st March '08
Consolidated Financial Results
Standalone Financial Results
Revenue for the twelve months ended March 31, 2008 was Rs 128.32 crore vs Rs 86.2 crore in FY 07, YoY growth of 49%. In USD operating revenue grew by 56% in FY 08 vs FY 07
EBIDTA (including other income) for the twelve month period ended March 31, 2008 was Rs 55.82 crore, growth of 29% YoY   
Profit after tax for the twelve months ended March 31, 2008 at Rs 44.58 crore as compared to Rs 39.67 crore in FY 07, growth of 12% YoY
Net profit margin was 34.7% for the twelve month period ended March 31, 2008
Basic EPS for the twelve month period ended March 31, 2008 was Rs 25.95
Revenue for the quarter stood at Rs 40.9 crore
EBIDTA (including other income) for the quarter was Rs 18.54 crore
Profit after tax in Q4FY08 stood at Rs 15.16 crore
Basic EPS for the quarter was Rs 8.83
Note: As the company got listed on December 31, 2007, quarterly figures for the year-ago period are not available
Commenting on the results, Mr. PD Mundhra, Executive Director said “During the quarter, the business witnessed robust growth across verticals. Operating revenue grew 12% over Q3. We added 6 new relationships in Q4 and further strengthened our sales and account management team by hiring one more senior personnel to focus on our European business. Our Pune facility went live in April 2008 with a total capacity of over 900 seats.”
 

Business highlights

As on March 31 2008, the company had 61active service agreements with clients as compared to 55 at the end of Fiscal 2007. 28 out of the 61 were obtained through the acquisition of ITS
Pune SEZ facility became operational from April 2008
Our employee base as on March 31, 2008 stands at 1527 as compared to 1021 at the end of Fiscal 2007
Another senior personnel added to onsite sales teams during Q4FY08 to tap new accounts and focus on our European business
Integration process of ITS is completed
   
About eClerx Services Ltd:
We provide data analytics and customized process solutions to global enterprise clients from our offshore delivery centers in India. Our portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services. We provide service solutions using a mix of custom designed data processes, delivery teams comprising generalists and domain specialists, and in-house software to automate processes. We currently offer our services to clients in the financial services, retail and manufacturing industries. Some of our largest clients in terms of revenue contribution include leading global corporations with whom we have multi-year partnerships.
   

For further information, please contact:

  Mr. Suraj Gujaran
eClerx Services Ltd.
Tel: +91 22 66148332
Email: suraj.gujaran@eClerx.com
Madhuri Naidu
Adfactors PR
Tel: +91 22 22813565
Email: madhuri.naidu@adfactorspr.com
   
Disclaimer: Certain statements made in this release concerning our future growth prospects may be interpreted as forward looking statements, which involve a number of risks and uncertainties that could cause the actual results to differ materially from those in such forward looking statements. Investors are requested to use their discretion in relying on them. We do not undertake to update any forward-looking
statements that may be made from time to time.