 "Hexaware Technologies hits record high on strong Q3 results")
Hexaware Technologies has surged 6% to Rs 209 after reporting a 7.9% quarter-on-quarter (qoq) growth in revenues for the third quarter ended September 2014 (Q3) in dollar terms.
EBITDA or operating profit margin expanded 140 bps to 18% in September quarter from 16.6% in June quarter.
In rupee terms, revenue up 9.9% qoq to Rs 671 crore, while net profit grew 12.3% to Rs 86 crore on sequential basis, Hexaware Technologies said in a statement.
The company said, the revenue growth during Q3 2014 was broad-based. Europe led the geographic growth while BFSI and Emerging segments led growth among verticals. Business intelligence & business analytics and infrastructure management services led the growth among service lines.
Meanwhile, the board of directors of IT firm declared a third interim dividend of Rs 2.35 per share (117.5%) on equity shares of Rs 2 each.
The stock opened at Rs 204 and touched a record high of Rs 213 on BSE. The trading volumes on the counter nearly doubled with a combined 2.78 million shares changed hands till 1005 hours on BSE and NSE.
EBITDA or operating profit margin expanded 140 bps to 18% in September quarter from 16.6% in June quarter.
In rupee terms, revenue up 9.9% qoq to Rs 671 crore, while net profit grew 12.3% to Rs 86 crore on sequential basis, Hexaware Technologies said in a statement.
The company said, the revenue growth during Q3 2014 was broad-based. Europe led the geographic growth while BFSI and Emerging segments led growth among verticals. Business intelligence & business analytics and infrastructure management services led the growth among service lines.
Meanwhile, the board of directors of IT firm declared a third interim dividend of Rs 2.35 per share (117.5%) on equity shares of Rs 2 each.
The stock opened at Rs 204 and touched a record high of Rs 213 on BSE. The trading volumes on the counter nearly doubled with a combined 2.78 million shares changed hands till 1005 hours on BSE and NSE.