Resumes normal business from 07 December 2015
Hexaware Technologies provided an update on its Chennai operations. The Company suspended operations except mission critical activities for 3 days due to heavy rainfall and subsequent flooding and resumed for normal business from 07 December 2015. This is expected to have a material impact on the Company's revenue in the quarter ending 31 December 2015. Additionally, the Company has a one-time impact on the cost due to wide recovery efforts. Chennai is the largest delivery center for Hexaware and contributes 23.5% of the total global revenue. Hexaware has 44% of the global strength operating out of Chennai.Powered by Capital Market - Live News
