hSenidBiz accelerates sales and customer acquisition efforts in 1Q FY24
hSenid Business Solutions (hBS) reported its results for the period ended 30 June 2023, with revenues up 16.3 percent year-over-year. Topline growth was supported by its core PeoplesHR Cloud offering. Recurring revenues accounted for 52.0 percent, driven by PeoplesHR Cloud. Region-wise, APAC and Sri Lanka contributed strongly to topline growth. Company earnings, however, were impacted during the quarter due to investments in talent, marketing initiatives and higher project implementation costs.