Q1 2020 Eclerx Services Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the eClerx Services Limited Q1 FY '20 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rohitash Gupta, CFO, eClerx Services. Thank you, and over to you, sir.
Thank you. Good evening, everyone, for joining us today for our first quarter call. At the start of this year, we have made a number of changes and additions and disclosures, and you would have noticed those already in our investor pack today. As our business has moved towards volume-based managed services, volume fluctuations have added to their existing seasonality of CLX business. Hence, we will be focusing more on year-over-year trend instead of sequential movements going forward, thereby reducing some of the distractions caused by sequential volatility.
We have also adopted in AS 115 since last year, which impacts revenue recognition for certain fixed price projects compared to earlier method, as it
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