Hexaware Tech shares extend fall; down 4.5%

Shares of IT services firm Hexaware Technologies fell by 4.5 per cent today amid flat earnings by the company for the January-March quarter.
Extending its yesterday's fall, the stock declined 4.51 per cent to settle at Rs 216.85 on BSE. Intra-day, it slipped 5.68 per cent to Rs 214.20.
At NSE, the scrip ended at Rs 216.90, down 4.38 per cent.
In the previous session also the stock had ended marginally lower.
The mid-sized IT services firm has posted a marginal increase in consolidated net profit at Rs 84.2 crore for January-March 2016.
Net profit in the same period a year ago came in at Rs 83.3 crore.

Revenues during the reported quarter rose 15 per cent to Rs 820.2 crore, from Rs 713.4 crore in the previous year.

Hexaware follows January-December fiscal.
Hexaware CEO and Executive Director R Srikrishna said: "While we had a challenging quarter for revenue and profitability, bookings from new customers continued to be strongly driven by automation and digital transformation."
In dollar terms, the firm's net profit declined 6.3 per cent to USD 12.6 million in January-March while revenue grew 5.9 per cent to USD 121.7 million.