Hexaware profit takes a 15% knock in Dec quarter, despite 7% revenue growth

Revenue from Americas fell about 200 basis points to 79.8% over the year

Pune-based IT company Hexaware reported a 14.8 per cent drop in profit after tax (PAT) during the December quarter to Rs 1.2 billion, against Rs 1.4 billion in the previous quarter and Rs 1.2 billion in the year-ago period. This was despite the company seeing its revenue growing by 6.8 per cent over a year earlier to Rs 100 billion.

“We had a spectacular growth of 15.6 per cent in 2017, in an otherwise challenging year for the industry. Going forward, investments in automation, cloud technologies and customer experience transformation continue to be the focus of the Company,” remarked Atul