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Mid-tier IT services firm Hexaware's profit for the quarter ended March 31, grew 3.1 per cent to Rs 1,385 crore compared to the same period last year. Revenues grew 20.5 per cent to Rs 12,640 crore compared to Jan-March quarter last year. In dollar terms, revenues grew 10.9 per cent to $180 million.
“Hexaware delivered yet another quarter of double-digit growth of 10.9% YoY. This is a testimony of our commitment to deliver industry leading growth." remarked Atul Nishar, Chairman, Hexaware Technologies Limited.
“We delivered solid growth in a seasonally weak quarter for us. It sets us up nicely to have a robust growth for 2019.” stated R Srikrishna, CEO & Executive Director, Hexaware Technologies Limited.
EBITDA margins were down 40 basis points from sequential quarter to 14.9 per cent in rupee terms. The company added 4 new clients in Q1 2019 with TCV of $36 Mn. Headcount stood at 16,509 at the end of Q1 2019; up 1,890 YoY, up 304 QoQ.
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