Mid-tier IT services company Hexaware Technologies has reported a 21.8 per cent fall in net profit for the second quarter ended June 30, 2014.
The Mumbai-headquartered company recorded a net profit of ₹76.6 crore as against ₹98 crore in the corresponding year ago period. Hexaware follows a January-December accounting calendar.
Revenue for the period was up by 13.8 per cent to ₹589 crore (₹536.6 crore). The company’s Board of Directors has declared a second interim dividend of ₹1.6 per share, it said in a press statement. Shares of Hexaware were up by 2.2 per cent to close at ₹153.6 on the Bombay Stock Exchange on Tuesday.