Hexaware net up 21% to Rs 172.1 cr in Sept quarter

PTI New Delhi | Updated on October 24, 2018 Published on October 24, 2018

Hexaware Technologies said on Wednesday its consolidated net profit has grown 21 per cent to Rs 172.1 crore for the quarter ended September 30, 2018.

This is against a net profit of Rs 142.2 crore in the same period a year ago, Hexaware said in a statement.

Its revenue rose 21.8 per cent to Rs 1,209.6 crore in the quarter under review from Rs 993 crore in the same period a year ago, as per Indian Accounting Standards. Hexaware follows the January-December fiscal.

In dollar terms, Hexaware’s net profit increased 10.2 per cent to $ 24.3 million, while revenue rose by 11.1 per cent to $ 171.1 million in the September quarter.

“Changing landscape of technology is a reality of our times and we at Hexaware are continuing our focus towards meeting customers’ needs through investment in innovation. Going forward, I remain optimistic of our growth prospects,” Hexaware Technologies Chairman Atul Nishar said.

Hexaware Technologies CEO and Executive Director R Srikrishna said the company is looking forward to a “robust finish to the year in Q4 on both revenue and order bookings“.

The company said it has appointed Vikash Kumar Jain as the Chief Financial Officer with effect from October 25, 2018. He succeeds Rajesh Kanani, who will retire from the company at close of business hours on December 31, 2018.

Published on October 24, 2018
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