Hexaware Technologies net jumps 54%; board proposes Rs 1 interim dividend

| Updated on: Oct 20, 2011

Hexaware Technologies has reported a 54.07 per cent year-on-year growth in net profit to Rs 64.70 crore for the quarter ended September 30, 2011.

The company had posted a net profit of Rs 42 crore for the July-September quarter last year, Hexaware Technologies said in a filing to the BSE.

Total income rose to Rs 366 crore from Rs 281.74 crore.

“This was the sixth consecutive quarter of impressive revenue growth and we remain optimistic about our growth prospects,” Hexaware Technologies Chairman, Mr Atul Nisar, said.

The company added 12 new clients during the quarter. It also added 745 employees, taking its total headcount to 8,164 at the end of September 30, 2011.

The board of directors of the company has proposed an interim dividend of Re 1 per share.

The company expects that revenue for the fourth quarter is likely to be in the range of $82-82.5 million, the release added. The company follows a January-December fiscal year.

On a standalone basis, the company reported a net profit of Rs 55.46 crore during the quarter against Rs 41.53 crore last year.

Meanwhile, the company has appointed Mr Abhay Havaldar as a director on the board of the company with effect from October 20, 2011.

Shares of Hexaware Technologies were trading at Rs 88.70 on the BSE, down 0.73 per cent from their previous close.

Published on November 12, 2017

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