For Quick Alerts
For Daily Alerts

Hexaware Q1 2013 beats expectations: Stock up

Hexaware Q1 2013 beats expectations: Stock up
Hexaware Technologies: Quotes, News
BSE 381.75BSE Quote4.15 (1.09%)
NSE 381.65NSE Quote4.1 (1.07%)
Hexaware Technologies Limited, a leading global provider of IT, BPO and Consulting services has reported better than expected Q1 2013, beating market expectations.

Hexaware Q1 2013 revenue in line with the quarterly guidance; grew to $ 94 mn up 1.8% sequentially in $ terms (up 1.1% in Rs terms to Rs 508 Crores)

The company's Q1 2013 Profit after Tax (PAT) rose to Rs 79.3 Crore; up 19.8% Q-o-Q. EBITDA margins for Q1 2013 at 19.3%; up 240 bps Q-o-Q

"The Q-o-Q improvement in volume, utilization, onsite-offshore ratio enabled robust improvement in Gross Margin and Operating Margin. We expect margins to expand further in the coming quarter", said Atul Nishar, Chairman, Hexaware Technologies Limited.

The Board of Directors declared a first interim dividend of Rs1.20 per share (60%) on equity

shares of Rs 2.00 each.

Global Headcount stood at 8,670 at the end of March 2013. Attrition for the quarter ended March 2013 was at 9.9%; down from 11% for the same period a year ago.

Shares of the company was seen trading at Rs 84.80, higher by 2.42% on BSE at 9.30 am IST.

Read more about: hexaware
Story first published: Monday, April 29, 2013, 9:35 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more