Hexaware June qtr net profit up 25 pc to Rs 122.4 cr

Mid-sized IT services company Hexaware Technologies today reported 25 per cent rise in net profit at Rs 122.4 crore for the quarter ended June.

The firm had posted a consolidated net profit of Rs 97.9 crore in the year-ago period.

Consolidated revenue rose by 13 per cent to Rs 983.6 crore in the quarter under review from Rs 869.6 crore in the April-June 2016 period, the company said in a regulatory filing.

"We continue to have robust, all round growth with every vertical, geography and service line growing. We are pleased to increase our guidance for growth for the year to a 14-15 per cent range," Hexaware Technologies CEO and Executive Director R Srikrishna said.

In US dollars, the firm's net profit rose by over 30 per cent to USD 19 million in the reported quarter, while revenue grew 17.7 per cent to USD 152.6 million.

Hexaware board also declared a dividend of Rs 1 per share.

The company added 5 clients during the June quarter with total contract value of USD 40 million.

Its total headcount stood at 13,098 at the end of June 2017 quarter, up by 364 people from the previous quarter.

Attrition was at 13.8 per cent.

Cash and cash equivalents at the end of June 2017 stood at Rs 429.5 crore.

Asia Pacific led the geographic growth, whereas banking and financial services led the growth among verticals in the said quarter.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)