infotechlead

Quess revenue surges 25% to Rs 17,158 crore

Quess Corp, India’s leading business services provider, announced growth in revenue, increase in profit and rise in employee additions during fiscal 2023 and fourth quarter FY23.
QuessjobQuess said it added 74,000 (+17 percent) employees in FY23.

Quess said its fiscal revenue rose 25 percent to ₹ 17,158 crore — driven by Work Force Management (+25 percent), Operating Asset Management (+24 percent), Global Tech Solutions (+23 percent) and Product Led Business (+59 percent).

Quess CEO Guruprasad Srinivasan said: “We have reduced the consolidated gross debt by ₹57 crore to ₹531 crore. We have reduced our DSO by 5 days to 57days and this has resulted in total collections of ₹294 crore, which is 71 percent of our operating EBITDA.”

Latest

More like this
Related

Nike to cut jobs in tech division as part of outsourcing strategy

Nike is laying off some employees in its technology...

Hinduja Global looks for new CEO as it steps up AI-led innovation

Hinduja Global Solutions (HGS) has revealed that it’s looking...

Technology outsourcing firm WNS up for sale?

WNS Holdings, a technology outsourcing firm with a market...

UST to create 3,500-6,000 job opportunities in new office in Pune

UST, a leading technology and digital transformation solutions company,...