Employees working at the office. (Photographer: Dhiraj Singh/Bloomberg)

Hexaware Technologies Expects Margin To Improve From FY20

Hexaware Technologies Ltd. expects its operating margin to improve from the next financial year, its Chief Executive Officer R Srikrishna said.

“We expect that the margin in the current financial year would be at levels of (that in) the previous financial year,” Srikrishna told BloombergQuint in an interaction.

Key Earnings Highlights (Q3, QoQ)

  • Revenue up 3.5 percent at Rs 1,252 crore.
  • Net profit declined 28 percent at Rs 123 crore.
  • Earnings before interest and tax down 6.4 percent to Rs 175 crore.
  • Margin at 14 percent versus 15.5 percent.

Shares of the technology solutions service provider rose nearly 7.8 percent, the most since July 9, 2018, to Rs 347.75.

Watch the full conversation here: