Hexaware Q1 profit falls 1.4% to Rs 151 crore

Pune: Hexaware Technologies posted a net profit of Rs 151.4 Crore, down 1.4% over the corresponding quarter last year for the quarter ended 30th June 2019. Revenues for the period were up 15.1% at Rs 1308.3 crore. In dollar terms, revenue was up 12% at $188.1 million, up 13% on a constant currency basis.

“Hexaware’s differentiated strategy has helped us deliver yet another strong quarter with revenue growth of 12.0% YoY and 13.0% YoY in constant currency,” said Atul Nishar, Chairman, Hexaware Technologies. The company has declared an interim dividend of Rs 1.50 for the quarter.

“While it is early days, we are very pleased with the progress in bringing Mobiquity and Hexaware together. We are also delighted to have delivered a substantial and sustainable margin improvement, especially when the industry is challenged for margins,” said R Srikrishna, CEO, Hexaware Technologies. The company signed on five new clients during the quarter, with TCV of US$ 36 million. Overall headcount stood at 18,294 at the end of Q2 2019; up 2,937 YoY, up 1,785 QoQ, while attrition was at 18.2%.