Hexaware Technologies has reported a 102% jump in its consolidated net profit to Rs 23.23 crore for the first quarter ended March 31, 2005 as compared to Rs 11.52 crore for the quarter ended March 31, 2004. According to a release issued by Hexaware Technologies to the BSE, total Income has increased 41% from Rs 118.06 crore in Q1-04 to Rs 166.92 crore for the quarter ended March 31, 2005.The tech major has posted a 28% growth in net profit to Rs 10.29 crore for the first quarter ended March 31, 2005 as against Rs 8.04 crore in the same period last fiscal. Total income has increased 33% from Rs 58.80 crore in Q1-04 to Rs 78.28 crore for the quarter ended March 31, 2005."The success of our focus on domain knowledge in BFSI and Airlines is reflected in the new order book of $22.3mn and $9.7mn respectively. Operating Margin has gone up to 13.7%. Existing client revenues also went up to 91.8% underlying both the success of our account mining and the potential of our client base," said Atul Nishar, executive chairman."The quarter performance is in line with our annual guidance of revenue of $170 mn and net profit of $25.2mn. With 3 new orders in excess of $5mn each, the company has added 9 such major orders since July '04," stated Rusi Brij, vice-chairman and CEO.
