Hexaware Technologies hits 52-week high as Q3 profit beats estimates

The stock hits 52-week high of Rs 305, up 9% on the BSE, after the company reported a better than expected consolidated net profit of Rs 142 crore in Q3CY17.

Hexaware Technologies hit 52-week high of Rs 305, up 9% on the BSE, after the company reported a better than expected consolidated net profit of Rs 142 crore in September 2017 quarter (Q3CY17). The analysts on an average had expected profit of Rs 122 crore for the quarter.

Revenue for the quarter in line with the analyst estimates of Rs 993 crore against Rs 984 crore in June quarter (Q2CY17). In dollar terms, revenues for the quarter at USD 154 million grew by 0.9% QoQ versus street estimates of 0.5% QoQ growth.

While company has maintained its CY17