Hexaware Q1 net grows 64%
The Hindu Business Line - April 30, 2012
Software service provider Hexaware Technologies has reported a 64 per cent increase in net profit at Rs 88.4 crore for its first quarter ended March 31,2012.This was on account of growth in revenue and improvement in margins. However, on a q-o-q basis the net profit was flat. Revenue grew by 38 per cent to Rs 438.3 crore for the quarter against Rs. 318.5 crore in the year ago period. Revenue for the next quarter is likely to be in the range of $91-92 million, with a sequential revenue growth of 3.4-4.5 per cent (in dollar terms).