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Hexaware Technologies hits record high on strong Q3 results

The stock rallied 6% to Rs 209 on BSE.

SI Reporter Mumbai
Hexaware Technologies has surged 6% to Rs 209 after reporting a 7.9% quarter-on-quarter (qoq) growth in revenues for the third quarter ended September 2014 (Q3) in dollar terms.

EBITDA or operating profit margin expanded 140 bps to 18% in September quarter from 16.6% in June quarter.

In rupee terms, revenue up 9.9% qoq to Rs 671 crore, while net profit grew 12.3% to Rs 86 crore on sequential basis, Hexaware Technologies said in a statement.

The company said, the revenue growth during Q3 2014 was broad-based. Europe led the geographic growth while BFSI and Emerging segments led growth among verticals. Business intelligence & business analytics and infrastructure management services led the growth among service lines.

Meanwhile, the board of directors of IT firm declared a third interim dividend of Rs 2.35 per share (117.5%) on equity shares of Rs 2 each.

The stock opened at Rs 204 and touched a record high of Rs 213 on BSE. The trading volumes on the counter nearly doubled with a combined 2.78 million shares changed hands till 1005 hours on BSE and NSE.
 
 

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First Published: Nov 05 2014 | 10:08 AM IST

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