Hexaware Q2 consolidated net at Rs 30cr

Hexaware Technologies today reported a consolidated net profit of Rs 29.77 crore for second quarter ended June 30, 2006 when compared with Rs 19.45 crore in Q2FY06. Total Income increased to Rs 212.89 crore from Rs 167.01 crore in Q2FY06.

The board has declared an interim dividend of 40% (Re 0.80 per share) interim dividend on equity shares of Rs 2 each for the six months ended June 30, 2006.

"This has been one of the best quarters for Hexaware in recent times. We have added 15 new clients, the largest the company has ever registered in a single quarter. With over 600 Hexawarians adding to the global headcount, we are confident, we will cross the 5,500 count by the end of the year," chairman Atul Nishar said.

"Order booking exceeding $50 million, and million dollar clients up by 5 to 36 represents exceptional sales execution this quarter. The fall in gross margin due to wage increase has been offset to a large extent by reducing SG&A costs. We will recover margins in the next two quarters," Rusi Brij, vice chairman and CEO, said.