Hexaware profit jumps 30 pc to Rs 111 cr in Jul-Sep

Mid-sized IT services company Hexaware Technologies today said its consolidated net profit rose by 29.8 per cent to Rs 111.6 crore for the July-September quarter of this year, helped by all-round growth across verticals and geographies.
The Mumbai-based firm had posted a net profit of Rs 86 crore in the July-September quarter 2014.
Its consolidated revenues during the quarter rose by 22 per cent to Rs 818.4 crore as against Rs 670.6 crore in the year-ago period.
The company follows January-December financial year.
In dollar terms, net profit was up 20.7 per cent to USD 17.1 million, while revenues grew 13.7 per cent to USD 125.1 million in the said quarter.

"Europe led the geographic growth at 6 per cent while Americas grew at company average. Banking and financial services and healthcare and insurance showed a healthy growth of 5.6 per cent and 7.8 per cent quarter-on-quarter, respectively," Hexaware Technologies CEO and Executive Director R Srikrishna said.

Business Process Services (BPS) clocked the highest quarter on quarter growth of 14.1 per cent among service lines in the third quarter of 2015, followed by IMS at 6.4 per cent, he added.
During the quarter, the company added nine new clients across all key focus areas.
Cash and cash equivalents at the end of September 2015 stood at USD 58.19 million or Rs 382 crore.

The company's headcount stood at 11,341 with the addition of 332 people in the reported quarter. Its utilisation levels stood at 70.4 per cent (including trainees), while attrition was at 17.4 per cent.
"This quarter, the company has for the first time achieved a milestone of a run rate of half a billion dollar revenue. This revenue growth has been combined with a significant improvement across the gross as well as EBITA margins," Hexaware Technologies Chairman Atul Nishar said.
The Board of Directors declared a third interim dividend of Rs 2.25 per share on equity shares of Rs 2 each.