Firstsource bagged a 10 year long Outsourcing Contract

February 1, 2017 6:52 pm | Updated 1 year ago.

Firstsource Solutions has bagged an outsourcing deal for a period of ten years from Sky, Europe’s largest broadband company. The deal is worth around 12,000 crore and is slated as one of the largest outsourcing contract which is going to last a decade.

This contract will pave the way for strengthening of revenue from the UK market. It is also envisaged that 1200 employees from Sky will join Firstsource. The revenue that is generated by Firstsource from the USA and UK market has risen up and now comprises of about ninety percent of their total revenue. The company also registered a profit of Rs 69.7 crore .The Company’s total incomes has also witnessed a considerable growth from Rs 820.65 crore in 2015-16 to Rs 886.81 crore for the quarter ending on December 2016.

Source: http://economictimes.indiatimes.com/tech/ites/firstsource-secures-10-yr-outsourcing-contract-from-sky/articleshow/56897085.cms