Hexaware Technologies Limited, a leading global provider of IT, BPO and Consulting services has reported healthy performance for the third quarter of the calendar year ended September 30, 2013.
“Hexaware has delivered solid results in the quarter. With the uptick seen in the business environment, the Company is poised to continue on its growth path” remarked Atul Nishar, Chairman, Hexaware Technologies Limited.
“This has been a good quarter with healthy revenue growth,stable profit margins and a steady addition of 13 new clients and robust increase of 250 personnel to our talented human capital. We will continue to strengthen our field organization as well as our domain and technology competencies”, stated P. R. Chandrasekar, CEO and Vice Chairman,Hexaware Technologies Limited.
• Hexaware met guidance for Q3 2013 as revenue grew to $ 98.8 mn up 4.2%
sequentially in $ terms (up 15.7% in `terms to `621 Crores)
• Q3 2013 Gross margin up 130 bps Q-o-Q to 40.7%
• EBITDA margin for Q3 2013 at 23.8%; up 10 bps on Q-o-Q basis
• Q3 2013 EBIT margin at 22.2%; expanded by 20 bps Q-o-Q
• Q3 2013 Profit after Tax (PAT) grew to `98.7 Crores
• Q3 2013 Diluted Earnings per share (EPS) at ` 3.28; up from `3.26 for Q2 ’13
• Return on Equity (RoE) at 33% at the end of Q3 2013
• Cash & Cash equivalents at the end of Sept 2013 at `490 Crores
• Days of Sales Outstanding (DSO) was 54 days at the end of Q3 2013
• 13 new clients added in Q3 2013; 225 active clients currently
• Global Headcount increased by 250 to 8,950 at the end of Sept 2013; 83
freshers added during the quarter
• Attrition for the quarter ended September 2013 was at 12.3%
“Hexaware has delivered solid results in the quarter. With the uptick seen in the business environment, the Company is poised to continue on its growth path” remarked Atul Nishar, Chairman, Hexaware Technologies Limited.
“This has been a good quarter with healthy revenue growth,stable profit margins and a steady addition of 13 new clients and robust increase of 250 personnel to our talented human capital. We will continue to strengthen our field organization as well as our domain and technology competencies”, stated P. R. Chandrasekar, CEO and Vice Chairman,Hexaware Technologies Limited.
• Hexaware met guidance for Q3 2013 as revenue grew to $ 98.8 mn up 4.2%
sequentially in $ terms (up 15.7% in `terms to `621 Crores)
• Q3 2013 Gross margin up 130 bps Q-o-Q to 40.7%
• EBITDA margin for Q3 2013 at 23.8%; up 10 bps on Q-o-Q basis
• Q3 2013 EBIT margin at 22.2%; expanded by 20 bps Q-o-Q
• Q3 2013 Profit after Tax (PAT) grew to `98.7 Crores
• Q3 2013 Diluted Earnings per share (EPS) at ` 3.28; up from `3.26 for Q2 ’13
• Return on Equity (RoE) at 33% at the end of Q3 2013
• Cash & Cash equivalents at the end of Sept 2013 at `490 Crores
• Days of Sales Outstanding (DSO) was 54 days at the end of Q3 2013
• 13 new clients added in Q3 2013; 225 active clients currently
• Global Headcount increased by 250 to 8,950 at the end of Sept 2013; 83
freshers added during the quarter
• Attrition for the quarter ended September 2013 was at 12.3%
