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.
Quess 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.”