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Hexaware Technologies Net Profit up 19% in First Quarter
Hexware Technologies’ Revenue up 6% in First Quarter.
28 Jul 2016, 07:21 PM IST 
Agents attend to customer calls at a call center in Gurgaon, India (Photographer: Sondeep Shankar/Bloomberg News)
Software services firm Hexaware Technologies Ltd. reported a profit of Rs 100 crore in the first quarter of the financial year 2016-17, in line with the Bloomberg consensus estimate of Rs 104 crore.
Key Highlights
- Net profit grew 18.8 percent to Rs 100 crore versus Rs 84.2 crore quarter-on-quarter.
- Revenue grew 6 percent sequentially to Rs 869.7 crore from 820.2 crore in the previous quarter.
- Earnings before interest and taxes went up 15.2 percent to Rs 121.5 compared to the previous quarter.
- EBIT margin expanded to 14 percent from 12.5 percent in the last the quarter.
“This quarter witnessed significant revenue growth led by BPS (Business Process Services) and IMS (Integrated management Systems) among service lines with 19.6 percent and 14.2 quarter-on-quarter growth,” Chairman Atul Nishar said in the company’s press release.