News & Events

hSenid Business Solutions (hBS) has announced its financial results for the quarter ending June 30, 2024, reporting a significant year-over-year growth of 30.5 percent, with total revenue reaching LKR 466.0 million. The PeoplesHR Cloud business continued to be the primary driver of growth showcasing a year-over-year growth of 27.9 percent. Recurring subscription revenues accounted for 84.9% of the PeoplesHR Cloud Business, recording a year-over-year growth of 44.2 percent.

On June 18, 2024, hSenid Business Solutions PLC was honored at the annual CFA Society Sri Lanka Capital Market Awards, held at the Oak Room, Cinnamon Grand, Colombo. This prestigious event, which recognizes and rewards excellence in the local capital markets, featured awards in copious categories including Best Stockbroking Research Team, Best Equity Research Report, Best Sector Research Report, Best Investor Relations, Best Unit Trust Fund, and Best ESG Reporting, with distinctions for Gold, Silver, and Bronze in each category.

hSenid, a leading application and service provider, celebrated International Women's Day on March 8th, 2024, with its eighth annual "The Open Closet" initiative. This long-standing program empowers and celebrates deserving women in challenging circumstances by providing them with free clothing, accessories, and footwear. 

hSenid Business Solutions (hBS) released its financial results for the quarter ending on December 31, 2023, reporting a 23 percent year-over-year increase in revenues. The PeoplesHR Cloud business, constituting 76% recurring revenue, remains the primary driver having recorded a 40% growth year-on-year. The Company achieved a critical milestone in its growth journey by surpassing $3 Million in Exit ARR (Annualized Recurring Revenue). With continuous investments made in revamping and building a global sales workforce, the APAC market is now yielding the majority of new deal closures for the concluded quarter. The company’s core recurring revenue, an essential component for a SaaS business, has reported further year-over-year growth of 34 percent. While the higher operating cost base resulting from the investments made in talent and market development continue to impact the company’s bottom line, the core business margins continue to demonstrate steady improvements across the 3 concluded quarters of the financial year 2024.