Hexaware Technologies Q3 net profit at Rs.1423mn


Hexaware Technologies Limited, the fastest growing automation led, next-generation provider of IT, BPO and Consulting services, has reported robust performance for the third quarter of the calendar year ended September 30, 2017.

The Net profit stood at Rs.1423mn in the quarter ended September 2017.The revenue stood at Rs.9931mn.

“During the first 3 quarters of this year, Hexaware has grown 16.8% YoY as compared to the same period last year. This testifies the success of the Shrink IT Grow Digital strategy of the Company.” remarked Atul Nishar, Chairman, Hexaware Technologies Limited.

“We are pleased to deliver a solid all round performance. We are well on track to meet the upper end of revenue guidance and beat the upper end of guidance on profitability.” stated R Srikrishna, CEO & Executive Director, Hexaware Technologies Limited.

Business Update:

In Q3 2017, Healthcare & Insurance (H&I) showed a 7.4% QoQ and 17.8% YoY growth. Banking and Financial Services (BFS) gave 18.7% YoY growth. APAC led the geographic growth with 20.0% QoQ and 68.3% YoY growth. Infrastructure Management Services (IMS) showed strong growth of 3.4% QoQ and 48.0% YoY. Business Process Services (BPS) delivered growth of 2.5% QoQ and 21.6% YoY.