Comments
Hexaware Technologies has reported 18.6 per cent rise in consolidated net profit for the first quarter ended March 30, 2015, due to higher sales from the Americas and travel and transportation segment.
The company, which is partly owned by Baring Private Equity Asia, recorded net profit of ₹83.3 crore as against ₹70.3 crore in the same quarter a year ago.
Revenue was up 21.1 per cent to ₹713.4 crore (₹588.9 crore). Hexaware follows the January to December accounting calendar.
“This quarter we have continued to invest in new solutions, improve client management and in sales and marketing which will yield result in the future quarters,” said Atul Nishar, Chairman of Hexaware.
New clients During the quarter, the company added 10 new clients across major focus areas. Application Development & Maintenance, which accounted for 37.5 per cent of all overall revenue, led growth among service lines in value terms, Hexaware said in a press statement.
On Wednesday, shares of Hexaware closed at ₹309, down 1.58 per cent, on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.