Mid-sized IT services firm Hexaware Technologies today posted a 17.9 per cent rise in consolidated net profit at Rs 134.3 crore for the quarter ended March 31, 2018.
This is against a net profit of Rs 113.9 crore in the same period a year ago, Hexaware said in a statement.
Its revenue rose 9.2 per cent to Rs 1,049 crore from Rs 960.5 crore in the same period a year ago, as per Indian Accounting Standards. Hexaware follows the January-December fiscal.
In dollar terms, Hexaware saw its net profit increasing 20.3 per cent to USD 20.7 million, while revenue was higher by 12.1 per cent to USD 162.2 million in the March 2018 quarter.
"I am pleased that the differentiated strategy we are pursuing at Hexaware has worked well and we have met shareholders expectations consistently, leading to an important milestone of crossing USD 2 billion market cap," Hexaware Technologies Chairman Atul Nishar said.
The company added three new clients in the first quarter of 2018 with total contract value of USD 28 million. It has declared an interim dividend of Re 1 for the said quarter.
Its total headcount stood at 14,619 with the addition of 914 people from the December 2017 quarter. The attrition rate was at 13.4 per cent.
Its cash and cash equivalents stood at USD 94.03 million or Rs 613 crore at the end of the reported quarter.
In the said quarter, manufacturing and consumer vertical grew 23.6 per cent year-on-year, while healthcare and insurance segment saw 14.7 per cent growth, followed by banking and financial services (14.6 per cent), and travel and transportation (8.1 per cent). Professional services de-grew by 5.6 per cent.
Asia Pacific led geographic growth with 86.1 per cent revenue growth y-o-y, while Europe grew 27.3 per cent and Americas 3.3 per cent.
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