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Hexaware Technologies has posted a 29.9 per cent rise in net profit at Rs 84.1 crore for third quarter ended September, while the company is pursuing inorganic opportunities. The provider of IT, BPO and consulting services had posted a net profit of Rs 64.7 crore during the same period a year ago.
Revenues grew to Rs 507.5 crore during the quarter under review, a 38.7 per cent rise from Rs 366 crore in the same period a year ago, the company said in a statement. “Over the last few years, we have enhanced our core capabilities in the two focus verticals – banking and capital markets and in travel and transportation.
Earlier, we have launched healthcare and further strengthened insurance as a vertical,” Hexaware Technologies Chairman Atul Nishar said. “Given the successful track record with this stable management team, we are now actively pursuing inorganic opportunities to expand our vertical presence,” he added. During the quarter, it added 12 new clients across all its key focus areas.
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