Firstsource Solutions Limited, a leading global provider of Business Process Management (BPM) services and an RP-Sanjiv Goenka Group company, has announced its financial results for the quarter, demonstrating robust growth and improved profitability.

Financial Highlights

Firstsource Solutions reported impressive year-over-year growth across key financial metrics for the quarter:

The company's EBIT margin for the quarter stood at 11.5%.

Firstsource Solutions' performance in the first half of the fiscal year was equally strong:

• Revenue reached ₹45,299.00 million, up 21.9% YoY

Operational Highlights

During the quarter, Firstsource Solutions:

• Secured four large deal wins
• Added 1,500 net headcount

Strategic Developments

The company made significant progress in its strategic initiatives:

• The Board approved audited financial results
• Made a strategic minority investment in Applied AI
• Appointed Ms. Jagriti Bhattacharya as Executive Vice President and General Counsel
• The Board approved a merger scheme between two wholly-owned subsidiaries (Firstsource Process Management Services Limited and Accunai India Services Private Limited) with Firstsource Solutions Limited, subject to regulatory approvals

Outlook

Firstsource Solutions has maintained its guidance:

• Expected revenue growth of 13-15% in constant currency terms for FY26

Conclusion

Firstsource Solutions' quarterly results demonstrate the company's ability to execute its strategic initiatives effectively while navigating a dynamic business environment. With a strong deal pipeline, expanding workforce, and focus on strategic investments, the company appears well-positioned to maintain its growth trajectory and deliver value to its stakeholders in the coming periods.

Firstsource Solutions Limited, a global leader in business process management services, has announced a strategic partnership with Monash University, one of Australia's premier research institutions. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to advance Artificial Intelligence (AI) innovation and create real-world impact across various sectors.

Key Highlights of the Partnership

• Co-development of AI Solutions: Firstsource and Monash University will collaborate to translate cutting-edge research into scalable AI solutions for business, government, and society.
• Talent Development: The partnership will provide structured internship and placement opportunities for Monash students, fostering the next generation of AI and digital talent in Australia.
• Cross-Sector Applications: The alliance aims to drive practical AI applications across key business sectors, leveraging Firstsource's domain expertise and Monash's research leadership.

Strategic Implications

This partnership underscores Firstsource's commitment to building a sustainable innovation ecosystem in Australia. Firstsource has been expanding its local presence, investing in talent and technology, and fostering partnerships with educational institutions.

Ritesh Idnani, MD and CEO of Firstsource, emphasized the partnership's focus on translating advanced AI research into real-world solutions, particularly in sectors like healthcare and energy. He stated, "By combining Monash's innovation engine with our deep domain expertise and outcome-focused UnBPOᵀᴹ approach, we aim to accelerate responsible AI adoption that delivers measurable impact and strengthens Australia's digital competitiveness."

Government Support and Economic Impact

The collaboration has garnered support from the Victorian State Government. Danny Pearson, Minister for Economic Growth and Jobs, expressed pride in backing Firstsource's establishment of its Australian headquarters in Melbourne. He highlighted the partnership's potential to strengthen Victoria's tech sector, create high-value jobs, and build tech talent for the future.

Monash University's Perspective

Professor Craig Jeffrey, Deputy Vice-Chancellor (International) and Senior Vice President at Monash University, emphasized the institution's commitment to creating global impact through collaborative innovation. He stated, "Our partnership with Firstsource brings together our deep research capability and their proven expertise in digital transformation and innovation to develop and scale technologies and AI solutions that have meaningful benefits for people and society."

This strategic alliance between Firstsource Solutions and Monash University represents a significant step towards fostering innovation, developing talent, and driving practical AI applications in Australia. As the partnership unfolds, it is expected to contribute substantially to Australia's digital competitiveness and create lasting value in the AI and technology sectors.