Hexaware Tech shares soar nearly 14 pc after Q3 earnings

Shares of IT services firm Hexaware Technologies today advanced by nearly 14 per cent after the company posted 24.4 per cent rise in consolidated net profit for the quarter ended September 30, 2017.
The stock jumped 13.87 per cent to settle at Rs 319 on BSE. Intra-day, it soared 14.99 per cent to Rs 322.15.
On NSE, shares of the company zoomed 13.44 per cent to close at Rs 318.95.
The company's market valuation also rose by Rs 1,153.63 crore to Rs 9,465.63 crore.
In terms of equity volume, 8.58 lakh shares of the company were traded on BSE and over 90 lakh shares changed hands on NSE during the day.

Mid-sized IT services firm Hexaware Technologies yesterday posted 24.4 per cent rise in consolidated net profit at Rs 142.3 crore for the quarter ended September 30, 2017.

This is against a net profit of Rs 114.4 crore in the same period a year ago, Hexaware said in a statement.
Its revenue rose 9.8 per cent to Rs 993.1 crore from Rs 904.1 crore in the same period a year ago.
Hexaware follows January-December fiscal.
In dollar terms, Hexaware saw its net profit increasing 28.8 per cent to USD 22 million, while revenue was higher by 13.9 per cent to USD 154 million in the September 2017 quarter.