hSenid Business Solutions PLC Wins Best Investor Relations Small Cap Companies Award at CFA Society Sri Lanka Capital Market Awards 2024.

Sampath Jayasundara (CEO/Director of hSenidBiz), Nishendra Herath (CFA - Chair of the Investor Relations Award Committee), Dilshan Wirasekera (The Chairman of the Colombo Stock Exchange), Nilendra Weerasinghe (Chief Financial Officer of hSenidBiz), Aruna Alwis, (CEO of CFA Society Sri Lanka) and Samila Imbulana (Senior Analyst - Corporate Planning at hSenidBiz). (Left to right)

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.


hSenidBiz Exceeds $3 Million Exit ARR in 3Q FY24

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.


hSenid Business Solutions PLC appoints Ishan Fernando, as the new Vice President for Engineering

hSenid Business Solutions PLC (hSenidBiz) recently appointed Ishan Fernando as their Vice President – Engineering.

With over 16 years of experience, Ishan has a proven record in delivering product and customized business solutions to multinational organizations with a background in IT and Finance. Specializing in building technical teams, his strategic approach and product expertise have successfully groomed cross-functional teams to deliver within budgets and excel in client engagement.