Hexaware Technologies has posted a 24% rise in net profit of Rs 26.30 crore for the quarter ended March 31, 2007 (Q1CY07) when compared with Rs 20.92 crore for the quarter ended March 31, 2006 (Q1CY06). According to an official release issued by the company to the BSE today, total income is Rs 127.23 crore for the quarter ended March 31, 2007 whereas the same was at Rs 90.92 crore for the quarter ended March 31, 2006."Our revenue and profit continue to grow consistent with our medium-term business plan. We registered an impressive increase in the order book of $61 mn and acquired 20 new clients, which is the highest we recorded so far. For the past quarter, not withstanding the adverse impact of 1.6% appreciation of rupee on a q-o-q basis, operational metrics continue to show healthy improvement. However, the appreciation of the rupee will impact our future margins," Atul Nishar, executive chairman, Hexaware, said.
