Hexaware Technologies PAT up 25.4%

PUNE: IT services firm Hexaware Technologies reported a profit of Rs 153.6 crore for the second quarter of 2018, up 25.4 per cent compared to the corresponding quarter last year. The company reported revenues of Rs 1136.7 cr, up 15.4 per cent year-on-year. In dollar terms, constant currency revenue was up 9.9per cent at $169.8 Mn, and profit $22.7 mn; up 19.5 per cent. The board also declared a second interim dividend of Rs 2.50 per share (125 per cent) on equity shares of Rs 2.00 each.

“We continue to consistently deliver robust organic growth and are pleased to increase growth guidance for the year,” said R Srikrishna, CEO, Hexaware Technologies. The company has upped the dollar revenue growth from 10-12per cent to 12-13per cent in reported currency terms, and EPS from 10-12per cent to 13-14per cent.

“We have been growing for four years now, and with the current order book that we are executing, we are confident of getting there,” he said.


Infrastructure Management Services (IMS) grew 37 per cent and Business Process Services at 11.5 per cent YoY. Amongst verticals manufacturing & consumer grew the fastest, with 32.4per cent YoY growth, followed closely by healthcare & insurance at 21.2 per cent.

“Hexaware has delivered yet another consistent performance with revenue growth of 3.8 per cent QoQ and 4.7 per cent QoQ in constant currency, which is an evidence of our successful strategy of Automate Everything, Cloudify Everything and Transform Customer Experience." said Atul Nishar, Chairman, Hexaware Technologies. The total headcount at the end of the quarter stood at 15,357, while attrition was at 14.4 per cent.