Hexaware Technologies today lowered topline guidance for the year ending December 31, 2005 to $153 million.According to a release issued by the company to the BSE today, the earlier revenue guidance was $170 million. "Based on the revised revenue guidance, the company expects profit in the range of $18-19 million," the release added.The decision to revise the guidance was taken after considering unexpected delays in project ramp-ups and sluggish revenue growth from new clients, the release added.Rusi Brij, vice-chairman and CEO, said: "Hexaware has managed to perform to expectations for past several quarters. Using a strongly differentiated business strategy, the company has been winning a number of Fortune 500 customers and has firmly established its credentials. We have not lost any existing client relationships, and remain market leaders in our differentiated businesses. However, certain unforeseen situations have led to lower-than-anticipated earnings growth during the current year."The company will announce unaudited financial results for the quarter ended June 30, 2005 on July 19, 2005, the release added.
