Firstsource Solutions Partners with Microsoft for Digital Transformation

Shares of Firstsource Solutions Ltd rose over 4% following the announcement of its new operations in Australia and New Zealand, which will create over 400 local jobs. The stock hit an intraday high of ₹318.50 on the back of a strategic partnership with Microsoft, utilizing Azure's suite of technologies to enhance digital transformation services and drive efficiencies across various sectors. This collaboration is expected to leverage generative AI capabilities, significantly improving business effectiveness and personalization. Firstsource has seen substantial stock growth, with an 84.45% increase over the past year, and a 66% rise year-to-date. The company's latest financial report indicates a net profit increase of 7.35% in Q1 FY25, alongside a 16.8% rise in revenue from operations. Overall, Firstsource's initiatives reflect its commitment to innovation and operational expansion in the global market.