Hexaware Technologies Q4 PAT up 22.3% YoY

Revenue for the quarter increased 14.8% year-on-year to Rs 940.9 crore, grew 4% quarter-on-quarter

Mid-cap IT services firm Hexaware Technologies stock surged during intra-day trading to almost 4.5 per cent as its October-December quarter results beat estimates.

The company’s net profit at Rs 121.5 crore for the fourth quarter (company follows January-December financial year calendar) up 22.3 per cent on year-on-year basis, and was up nine per cent on a sequential basis.

Revenue for the quarter increased 14.8 per cent year-on-year to Rs 940.9 crore and grew four per cent quarter-on-quarter.

Hexaware’s US dollar revenue at $138.9 million was up 2.7 per cent sequentially. In constant currency terms revenues were up 3.4 per cent.