Hexaware Q1 profit rises 26% to Rs 175 cr; suspends full-year guidance

Net profit rose 26.3 per cent year-on-year at Rs 175 crore while it increased 4.3 per cent on a sequential basis for January-March.

Hexaware Technologies, the Mumbai-based IT and business process management company, on Wednesday reported profit numbers better than analysts expected for the quarter ended March 2020 but withdrew revenue and margin guidance it had given for FY20.

Hexaware's net profit rose 26.3 per cent year-on-year at Rs 175 crore while it increased 4.3 per cent on a sequential basis for the January-March period, according to the company’s exchange filing.

Revenue rose 22 per cent year-on-year to Rs 1,541.8 crore during this period. The numbers remained flat sequentially. Revenues were at $210.6 million, a 1.7 per cent fall in constant currency term over the