Latest news with #Fortune2000
Yahoo
4 days ago
- Business
- Yahoo
Industry-focused Specialist IT/ITES Firm eClerx Delivers Strong Q1 FY26 Performance
Revenue from operations increased to INR 934.6 crore in Q1FY25-26 as compared with INR 781.9 crore reported in Q1 FY24-25, up 19.5% YoY Revenue from operations grew to USD 109.2 million in Q1 FY25-26 in US Dollar terms, translating to a 17.1% increase over USD 93.3 million in Q1 FY24-25 Net profit came in at INR 141.7 crore for Q1 FY25-26 as against INR 111.6 crore in the year ago period, net profit margin for the quarter stood at 15.0% versus 13.9% in Q1 FY24-25 MUMBAI, India, July 25, 2025--(BUSINESS WIRE)--Mumbai-based specialist IT/ITES firm eClerx Services Ltd. has delivered robust results for the quarter ending 30th June 2025. The company reported a sequential and Y-o-Y growth in revenue numbers. Key highlights: Consolidated financial results reported for the quarter ended June 30, 2025 eClerx's consolidated revenue came in at INR 945.1 crore in Q1 FY2025-26 as compared to INR 803.1 crore in Q1 FY2024-25; increasing by 17.7% on a YoY basis. In U.S. Dollar terms, the company's operational revenue stood at USD 109.2 million versus USD 93.3 million in the corresponding period of the previous financial year, amounting to a 17.1% YoY growth. The company demonstrated strong margin performance; with earnings before interest, taxes, depreciation, and amortisation (EBITDA) increasing to INR 234.6 crore from INR 187.3 crore in Q1 FY24-25, amounting to a 25.3% YoY growth. For Q1 FY25-26, eClerx recorded a net profit of INR 141.7 crore, a 26.9% YoY growth over INR 111.6 crore reported in Q1 FY24-25. Basic earnings per share (EPS) for Q1 FY25-26 climbed to INR 30.16 from INR 23.13 in Q1 FY24-25 while Diluted EPS was at INR 29.64, up from INR 22.72 in the year ago period. The company also reported strong addition to headcount; with total delivery headcount of 20,261 in Q1 FY25-26, a 15.0% increase over the Q1 FY24-25 headcount of 17,624. Commenting on the company's financial performance in Q1 FY 2025-26, Mr. Kapil Jain, Managing Director and Group CEO at eClerx remarked, "Despite an uncertain macroeconomic environment, we delivered strong performance on both the revenue and margin front. Our pipeline remains healthy, and we continue to see momentum in deal pursuits and cross-sell initiatives. Our domain-centric approach and investment in productized services continue to resonate with clients." The Mumbai-based firm counts many Fortune 2000 companies amongst its list of clients. The company has been expanding its delivery footprint and has opened a delivery centre in Cairo in this quarter. The company has also continued with its trend of winning awards and investing in employee learning and development initiatives, notable examples of which are mentioned below. Key developments, initiatives and recognitions eClerx has been honored with the prestigious Financial Express CFO Award (FE CFO) in the Medium Enterprises Segment; underscoring the company's commitment to financial discipline, risk management, and sustainable growth eClerx's Chief Technology Officer, Mr. Sanjay Kukreja, has been honored as The Evangelist 100 by the Chief Security Officer Awards (CSO100) by Foundry (an IDG, Inc. Company) for his outstanding leadership in driving technology transformation and fortifying cybersecurity strategy About 8000 employees have been upskilled on Generative AI in partnership with the Technical University of Munich (TUM). TUM is a top ranked university in computer science and engineering. eClerx are also upskilling the entire technology team on GitHub Co-pilot in line with the CTO's vision to drive 25% productivity gain by leveraging AI code generation tools. About eClerx Services Ltd. eClerx provides business process management, automation and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure and technology companies. Incorporated in 2000, eClerx is today traded on both the Bombay and National Stock Exchanges of India. The firm employs about 20,400 people across Australia, Canada, Germany, India, Italy, Netherlands, Philippines, Singapore, Dubai, Thailand, Peru, UK and the USA. For more information, visit 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. View source version on Contacts Srinivasan NadadhureClerx Services Sign in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
Industry-focused Specialist IT/ITES Firm eClerx Delivers Strong Q1 FY26 Performance
MUMBAI, India--(BUSINESS WIRE)--Mumbai-based specialist IT/ITES firm eClerx Services Ltd. has delivered robust results for the quarter ending 30th June 2025. The company reported a sequential and Y-o-Y growth in revenue numbers. 'Despite an uncertain macroeconomic environment, we delivered strong performance on both the revenue and margin front. Our pipeline remains healthy, and we continue to see momentum in deal pursuits and cross-sell initiatives." Share Key highlights: Consolidated financial results reported for the quarter ended June 30, 2025 eClerx's consolidated revenue came in at INR 945.1 crore in Q1 FY2025-26 as compared to INR 803.1 crore in Q1 FY2024-25; increasing by 17.7% on a YoY basis. In U.S. Dollar terms, the company's operational revenue stood at USD 109.2 million versus USD 93.3 million in the corresponding period of the previous financial year, amounting to a 17.1% YoY growth. The company demonstrated strong margin performance; with earnings before interest, taxes, depreciation, and amortisation (EBITDA) increasing to INR 234.6 crore from INR 187.3 crore in Q1 FY24-25, amounting to a 25.3% YoY growth. For Q1 FY25-26, eClerx recorded a net profit of INR 141.7 crore, a 26.9% YoY growth over INR 111.6 crore reported in Q1 FY24-25. Basic earnings per share (EPS) for Q1 FY25-26 climbed to INR 30.16 from INR 23.13 in Q1 FY24-25 while Diluted EPS was at INR 29.64, up from INR 22.72 in the year ago period. The company also reported strong addition to headcount; with total delivery headcount of 20,261 in Q1 FY25-26, a 15.0% increase over the Q1 FY24-25 headcount of 17,624. Commenting on the company's financial performance in Q1 FY 2025-26, Mr. Kapil Jain, Managing Director and Group CEO at eClerx remarked, 'Despite an uncertain macroeconomic environment, we delivered strong performance on both the revenue and margin front. Our pipeline remains healthy, and we continue to see momentum in deal pursuits and cross-sell initiatives. Our domain-centric approach and investment in productized services continue to resonate with clients.' The Mumbai-based firm counts many Fortune 2000 companies amongst its list of clients. The company has been expanding its delivery footprint and has opened a delivery centre in Cairo in this quarter. The company has also continued with its trend of winning awards and investing in employee learning and development initiatives, notable examples of which are mentioned below. Key developments, initiatives and recognitions eClerx has been honored with the prestigious Financial Express CFO Award (FE CFO) in the Medium Enterprises Segment; underscoring the company's commitment to financial discipline, risk management, and sustainable growth eClerx's Chief Technology Officer, Mr. Sanjay Kukreja, has been honored as The Evangelist 100 by the Chief Security Officer Awards (CSO100) by Foundry (an IDG, Inc. Company) for his outstanding leadership in driving technology transformation and fortifying cybersecurity strategy About 8000 employees have been upskilled on Generative AI in partnership with the Technical University of Munich (TUM). TUM is a top ranked university in computer science and engineering. eClerx are also upskilling the entire technology team on GitHub Co-pilot in line with the CTO's vision to drive 25% productivity gain by leveraging AI code generation tools. About eClerx Services Ltd. eClerx provides business process management, automation and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure and technology companies. Incorporated in 2000, eClerx is today traded on both the Bombay and National Stock Exchanges of India. The firm employs about 20,400 people across Australia, Canada, Germany, India, Italy, Netherlands, Philippines, Singapore, Dubai, Thailand, Peru, UK and the USA. For more information, visit 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.
Yahoo
04-06-2025
- Business
- Yahoo
Arrangr and HMG Strategy Forge Strategic Investment and Alliance to Revolutionize Meeting Coordination
FAIRFIELD, Conn., June 04, 2025 (GLOBE NEWSWIRE) -- Arrangr, the intelligent meeting scheduling platform, and HMG Strategy, the world's leading platform for connecting technology executives, today announced a strategic investment and partnership to streamline and enhance executive meeting coordination across the global business community. Through this partnership, HMG Strategy has made a strategic investment in Arrangr, which will now serve as the official scheduling solution for HMG Strategy's global events and executive programs. Together, the organizations will empower technology executives, CIOs, CTOs, and CISOs to implement frictionless scheduling capabilities in their organizations, fostering meaningful connections and accelerating impactful business outcomes. "HMG Strategy is committed to empowering technology leaders with the tools and connections they need to succeed in a rapidly changing world," said Hunter Muller, President and CEO of HMG Strategy. Arrangr's intelligent scheduling platform fits perfectly with our mission to eliminate barriers to collaboration and drive innovation across all functional departments, irrespective of industry. This partnership ensures our global community can connect and engage more easily than ever before. "We are thrilled to align with HMG Strategy and support its impressive community of technology leaders," said Adam Scott Perl, CEO and Co-Founder of Arrangr. "Our platform was designed to make scheduling easier, intelligent, and more productive—and this partnership allows us to deliver on that promise at scale. By joining forces, we will transform how executives connect, collaborate, and move business forward." As Arrangr integrates into HMG Strategy's programs and platforms, executives will benefit from intuitive scheduling capabilities designed to support productive and efficient engagements — Arrangr finally puts an end to the noise and effort of coordinating a meeting, 1:1s in 10 seconds or less, group polling, prioritization…no more hunting and pecking the calendar looking for the slot or having to reshuffle for an urgent call, Arrangr does it all! — seamlessly and with maximum efficiency. About Arrangr Arrangr is the intelligent meeting scheduling platform that eliminates the hassle and back-and-forth of setting up meetings. Designed for business professionals who value flexibility and speed, Arrangr enables seamless coordination of everything from one-on-one meetings to complex group sessions, while integrating with major calendar platforms and productivity tools. About HMG Strategy HMG Strategy is the world's leading digital platform for connecting technology executives to reimagine and reinvent the future of business. HMG Strategy was founded in 2008 by Hunter Muller, a leadership expert who has worked side-by-side with Fortune 2000 executives with strategic planning and career ascent for the past 30+ years. With a network of over 500,000 world class thought leaders, global technology executives, search industry executives, and venture capitalists, HMG Strategy provides thought leadership, peer-driven insights, and networking opportunities to help executives collaborate, educate and lead courageously in the face of disruption. HMG Strategy also offers a range of peer-led advisory services such as its Global CIO & CISO Executive Leadership Alliance (CELA) service, which bring together the world's top CIOs, CISOs and technology executives to brainstorm on the top opportunities and challenges facing them in their roles, along with Regional Executive Leadership events and programs. HMG Strategy: Iconic Leadership – Where Legends Are Made Media Contact: Stacey CohenCo-Communicationsscohen@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
Anrok Names Dan Burrill Company's First Chief Revenue Officer
SAN FRANCISCO--(BUSINESS WIRE)-- Anrok, the leading global sales tax solution for modern commerce, today announced the hire of Dan Burrill as the company's first Chief Revenue Officer (CRO). In this role, Dan will lead Anrok's go-to-market strategy and continue to scale the company's revenue initiatives to support its accelerating growth. Dan brings over 15 years of sales and business development experience to the role, including serving as VP for the West Region at Twilio. In his six years there, he played a pivotal role in establishing the company's enterprise business from 5 to 1,000 Fortune 2000 customers. Before scaling his segment at Twilio from $3M to $100M of revenue, Dan launched the Box Austin office and grew the sales organization there from zero to 75 people. "We're thrilled to welcome Dan Burrill to Anrok's leadership team at this inflection moment in Anrok's journey," said Michelle Valentine, Anrok CEO and co-founder. "Dan's impressive track record of scaling revenue teams and driving growth across multiple successful technology companies makes him the perfect fit to lead our go-to-market efforts as we continue to expand our global footprint." Anrok has experienced tremendous growth, now managing compliance for $30 billion in customer revenue—a 4x increase from just one year ago. As CRO, Dan Burrill will be responsible for further accelerating this growth by enhancing Anrok's go-to-market strategies, expanding the sales organization, building partnerships, and deepening customer relationships. "For decades, businesses have struggled with the complexity and inefficiency of sales tax compliance," said Dan Burrill. "What drew me to Anrok is their elegant and unified approach to solving this challenge. By automating compliance across borders, they're not just saving companies time and resources—they're giving them the confidence to grow without tax concerns holding them back. Throughout my career, I've been passionate about helping customers solve real problems all while building high-performing teams. I'm thrilled to be joining Anrok's leadership team and tackle this massive opportunity in a market ripe for innovation." In addition to the new CRO position, Anrok plans to further invest in its San Francisco, New York, and Salt Lake City offices to meet growing demand for its global sales tax automation solutions. To learn more about Anrok's solutions and careers, visit: About Anrok Anrok automates compliance across borders, putting modern companies in control of sales tax and VAT risk as they grow. Fast-growing companies trust Anrok to monitor nexus and register instantly, automate sales tax calculation, filing, and remittance, and protect their revenue as they expand globally. Founded in 2020, Anrok is headquartered in San Francisco. For more information, visit
Yahoo
17-05-2025
- Business
- Yahoo
1 Semiconductor Stock That Could Be a Surprise AI Winner
AMD's EPYC processors are increasingly used by cloud providers and Fortune 2000 enterprises. The chipmaker is building next-generation products to support AI models right out of the box. Elsewhere in AMD's business, its gaming and PC chips are also seeing strong demand. 10 stocks we like better than Advanced Micro Devices › Advanced Micro Devices (NASDAQ: AMD) is gradually evolving from mostly a traditional chip company to a prominent artificial intelligence (AI) infrastructure player. While Wall Street has been mostly focusing on Nvidia, AMD has quietly established itself as a strong player in the AI data center business. The company provides high-performance computing hardware and software solutions to clients for processing cloud and AI workloads. In the first quarter of 2025, data center revenue grew 57% year over year to $3.67 billion, making up almost half of AMD's total revenue. Data center AI business revenue also increased by a double-digit percentage year over year, driven by increased shipments of the MI325X accelerators for new cloud and enterprise workloads. With AI inferencing costs escalating rapidly, AMD is in a better position to capture a bigger share of the AI market. Its Instinct GPUs are known to offer superior price performance than competitors. Here are some more reasons why the company may prove to be a surprise AI winner in 2025. AMD's data center business is experiencing robust momentum, driven by solid demand for its EPYC server processors and Instinct AI accelerators. AMD accounted for 25.1% share of the server CPU market, up 2 percentage points year over year, as EPYC server processors continue to be in high demand from both cloud players and enterprise customers. All major cloud players are engaging with the company in the development of fifth-generation EPYC CPUs, codenamed "Turin." EPYC processors are also in high demand from enterprise customers across a range of industries and functions. The company expects enterprise adoption of EPYC processors to further accelerate, as more than 150 server platforms using these chips will become broadly available in the coming quarters. The company's data center AI business is also gaining traction. Multiple Tier 1 cloud and enterprise customers have opted for AMD's Instinct AI accelerators in the first quarter. These clients include one of the largest frontier model developers, which has deployed Instinct GPUs to cater to a significant portion of its daily AI inferencing workloads. AMD has also started sampling the next-generation MI350 series GPUs with several customers and is on track for production by mid-2025. With MI350 offering higher performance, memory capacity, bandwidth, support for new data types, and network efficiency as compared to the MI300 series, AMD expects strong deployment for these chips in the second half of 2025. Furthermore, the company is gearing up for the launch of MI400 series GPUs in 2026. AMD is also focusing on strengthening its software ecosystem, mainly its ROCm software stack for programming the company's GPUs. Instead of releasing quarterly ROCm updates, the company is now delivering them on a biweekly basis. The company has also increased access to its Instinct compute infrastructure for open-source developers to build, test, and deploy updates to the ROCm stack on a nightly basis. Subsequently, 2 million models on the open-source Hugging Face platform are running directly on AMD hardware without needing any special customization. The company is also ensuring that newly released AI models can run without hiccups on Instinct accelerators immediately after launch. Finally, the recent acquisition of ZT Systems is enabling AMD to sell fully integrated AI systems, instead of just hardware components. All these AI initiatives can dramatically expand AMD's data center business in the coming years. AMD's client segment also reported a strong 68% year-over-year revenue jump to $2.3 billion in the first quarter. The company experienced record client CPU average selling prices (ASPs), driven by increased demand for its high-end desktop and Ryzen processors in gaming and commercial segments. While AMD's processors are increasingly adopted in gaming desktops, the company is also seeing rising demand in the mobile computing market. Furthermore, sales of the company's latest-generation AI-capable processors also grew more than 50% quarter over quarter in the first quarter. AMD is also making its presence felt in the commercial PC space, with the company closing deals with large enterprises across several industries. Despite the solid tailwinds, AMD's shares are currently trading at 21.7 times forward earnings, significantly lower than Nvidia's forward P/E multiple of 25.4. While investors should not ignore the short-term revenue headwind arising from the export control restrictions for Instinct MI308 shipments to China, the fundamentals of the company are still strong. Hence, with a diversified product portfolio spanning various segments such as data center, gaming, and client; a robust balance sheet with $7.3 billion in cash; and a reasonable valuation position, AMD appears an attractive pick now. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $620,719!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,511!* Now, it's worth noting Stock Advisor's total average return is 959% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Manali Pradhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. 1 Semiconductor Stock That Could Be a Surprise AI Winner was originally published by The Motley Fool
