Hexaware Technologies reported a strong quarter as revenues beat estimates. The company upped their CY17 guidance to 14 to 15 percent from 10 to 12 percent.
In an interview to CNBC-TV18, R Srikrishna, Executive Director and CEO at Hexaware Technologies spoke about the results and his outlook for the company.
Even at the beginning of the year when we guided 10-12 percent, at the end of Q1 people had figured out that the asking rate was quite low but we stayed conservative. I would love if we beat the guidance going forward, he said.
Hexaware’s ‘shrink IT and grow digital’ strategy is designed to grow at an opposite direction to the industry. If the industry slows down, it doesn’t mean we will slow down. So company growing at a differential rate from the market is not a surprise, he added.
As far as top client-specific issues are concerned, the worst is behind us. We expect to grow 14-15 percent, he further mentioned.
One client will impact H2 and second client to impact the company partially in Q3 and fully in Q4, he said.
According to him, America’s growth of 4.3 percent is robust and Europe grew faster at about 7 percent. I don’t expect Asia-Pacific will grow double digit quarter on quarter but will continue to grow quite robustly, said Srikrishna.
Asia-Pacific and Europe growth being faster than company average is a sustainable trend yet America will still grow robustly and not anaemically, he added.
For full interview, watch accompanying video...
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