Moneycontrol Bureau
Shares of Hexaware jumped 8 percent, touching 52-week high at Rs 213 per share intraday on Wednesday. Investors are hurriedly buying shares of the software firm as its third quarter earnings were strong. Hexaware has posted a net profit of Rs 86 crore in the quarter ended September, up 12.3 percent sequentially.
In dollar terms, its revenue grew 7.9 percent quarter-on-quarter (up 11.4 percent on yearly basis) to USD 110 million. The company has said Europe has led the geographic growth while BFSI and Emerging segments led growth among verticals.
In rupee terms, the software service firm’s Q3 revenue jumped 9.9 percent Q-o-Q (up 8 percent Y-o-Y) to Rs 671 crore. According to a CNBC-TV18 poll, Q3 net profit was expected at Rs 83 crore on a revenue of Rs 645 crore.Hexaware added 10 new clients added in Q3 2014.
The board has declared a third interim dividend of Rs 2.35per share (117.5 percent) on equity shares of Rs 2 each. The record date is fixed as November 13 for determining the shareholders entitled for this third interim dividend of the year 2014. The payment shall be made on November 18.
At 09:54 hrs the stock was quoting at Rs 209.60, up Rs 12.90, or 6.56 percent on the BSE.
Posted by Nasrin Sultana
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