Hexaware Technologies Ltd. posted a better-than-expected profit in the July-September quarter.
We are well on track to meet the upper end of our revenue guidance and beating it going ahead on profitability.R Srikrishna, Chief Executive Officer, Hexaware Technologies Ltd.
Net profit for the second quarter increased 16 percent quarter-on-quarter to Rs 142 crore, the software services provider said in an exchange filing. This was higher than the Rs 121 crore consensus estimate of analysts tracked by Bloomberg.
The information technology service provider posted a marginal 1 percent rise in revenue to Rs 993 crore, matching street estimates. Revenue in dollar terms increased 0.9 percent quarter-on-quarter to $154 million.
Earnings before interest and tax advanced 8 percent to Rs 157 crore , while margins expanded 15.8 percent, from 14.74 percent in the previous quarter.
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