eClerx Services posted weak earnings in the third quarter of the current fiscal, missing estimates for the fourth straight quarter. CFO Rohitash Gupta says this was due to a downward pressure due to which the earnings were poor.
eClerx's EBITDA margins in the fourth quarter of FY16 rose 480 basis points to 41 percent quarter-on-quarter owing to the depreciation of the Indian rupee.
Rohitash Gupta, CFO, eClerx expects this fiscal's operating margins to be above 30 percent.
Rohitash Gupta, CFO, eClerx says the company‘s sequential growth was at 14.2 percent of which 11 percent came from CLX.