Hexaware Technologies beat the street with the second quarter (April-June) consolidated net profit growing 23.6 percent quarter-on-quarter to Rs 98 crore. Analysts on an average had expected it to report bottomline at Rs 87.7 crore.
Hexaware Technologies beat analyst estimates with its second quarter (April-June) consolidated net profit growing 23.6 percent quarter-on-quarter to Rs 98 crore. Analysts on an average had expected it to report a bottomline of Rs 87.7 crore.
Consolidated rupee revenue grew by 5.7 percent Q-o-Q to Rs 536.6 crore and dollar revenue rose marginally to USD 94.8 million from USD 94 million. Both were in-line with expectations of Rs 534.4 crore and USD 94.7 million.
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) jumped higher-than-expected 29.9 percent Q-o-Q to Rs 127 crore while EBITDA margin soared better-than-expected 444 basis points to 23.7 percent in April-June quarter as against 19.26 percent in January-March quarter.
Analysts were expecting EBITDA at Rs 113.5 crore and margin at 21.23 percent for the quarter.
Hexaware sees third quarter (July-September) revenue in the range of USD 98.1-100 million.
Software services exporter added 14 new clients in second quarter and the attrition rate was 11 percent.
Set email alert for
ADS BY GOOGLE
video of the day
See mild mkt pullback; like public sector banks: HDFC Sec