eClerx Services532927IT services, BPO
Eclerx reported Q2 results with forex-aided margin improvement but deal wins at a seven-quarter low; CFO discussed outlook for deal wins, margins and BFSI vertical
By ScoutQuest · · 1 min read
- FY26 deal wins last year
- 170 million dollars
- H1 FY27 deal wins
- 71.6 million dollars
- Margin guidance range
- 24 to 28 percent
- Expected FY27 margin range
- 24 to 26 percent
- BFSI share of sales now
- 38 percent
Heard on business television between 11:20:43 - 11:23:43 IST.
- Eclerx's Q2 annual contract value of new deal wins hit a seven-quarter low, CFO Sreenivasan Naddadoor said.
- Deals worth an unspecified amount were pushed out beyond the quarter end due to tight customer budgets in fashion, luxury, retail and M&D verticals, and extra approval layers for AI-related projects.
- Company still expects to match or exceed FY26 deal win number of 170 million dollars, with first half deal wins at 71.6 million dollars so far.
- Margins guided at 24-28%, expected to land in lower half (24-26%) for FY27, with Q2-Q4 improvement trend typical after Q1 wage-hike dip.
- BFSI (now 38% of sales, down from 43%) saw some recovery via short-term projects; compliance work volumes eased due to lower regulatory pressure but new AI-enabled compliance tool is gaining traction; growth drivers going forward include AI-enabled products, new centers in Cairo and Lima, and finance & accounting vertical.
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Source: Live TV News Channel · 2 Nov 2026
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