Firstsource & Celonis collaborate to accelerate digital transformation for enterprises

Firstsource Solutions and Celonis today announced a strategic partnership that will enable businesses to quickly identify & eliminate process constraints, drive agility, and optimise outcomes.

Firstsource’s strength lies in deep domain expertise while of Celonis, in AI‐powered technologies. Together, they will help in accelerating digital transformation as well as drive value for enterprises.

This partnership will enable enterprises to close the most impactful execution gaps and transcend their digital transformation initiatives.

Reacting to this, the stock of Firstsource Solutions today jumped 4.12 per cent and made an intraday high of Rs 77 per share.

The company reported a net profit of Rs 105.28 crore in Q2FY21, which increased by 56.22 per cent YoY, as compared to Q2FY20 when it had reported a profit of Rs 34.39 crore. The company reported a total income of Rs 1,189.78 crore for Q2FY21, an increase of 19.77 per cent, as against the total income of Rs 993.36 crore for Q2FY20.

Firstsource Solutions provides a range of business process management services across the customer life cycle delivered through transaction processing. The company provides its services in sectors such as healthcare, telecommunications, and media, banking & insurance.

Celonis Execution Management System enables businesses across industries to maximise their execution capacity by leveraging process mining technology to extract real-time data.

The share price of the company closed at Rs 76.40, up by 3.31 per cent or Rs 2.45 per share on BSE.