Mid-cap IT services firm Hexaware Technologies reported net profit of Rs 98.7 crore for the third quarter ended September 30, 2013, up 17.4% from Rs 84 crore in the corresponding quarter last financial year.
Total revenue for the quarter rose 22.4% at Rs 621.1 crore from Rs 507.5 crore. On a sequential basis (quarter-on-quarter basis) the firms revenue grew 15.7% and net profit were up marginally by 0.8%.
The company added 13 clients during the quarter ad also reported addition of 250 employees across business. Baring Private Equity Asia recently acquired controlling stake in the company.
“This has been a good quarter with healthy revenue growth, stable profit margins and a steady addition of 13 new clients and robust increase of 250 personnel to our talented human capital. We will continue to strengthen our field organization as well as our domain and technology competencies”, stated P R Chandrasekar, CEO and Vice Chairman, Hexaware Technologies
