In Q3, there was some transitions and ramp ups that got delayed. While demand remained robust, Hexaware could not capture and fulfill all of the demand because of a supply side issue from the talent perspective, specific to the US market.
In an interview with CNBC-TV18, R Srikrishna, CEO of Hexaware Technologies spoke about the latest happenings in his company and sector. He was speaking from the side-lines of the Kotak India Conference - Chasing Growth Conference.
Hexaware's Q4CY17 earnings were in-line with expectations with revenue coming in above estimates but margins were impacted by high employee costs. In an interview with CNBC-TV18, R Srikrishna, CEO of Hexaware Technologies spoke about the results and his outlook for the company.
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.
Hexaware Technologies unveils new logo. In an interview to CNBC-TV18, R Srikrishna, ED & CEO of the company said that new logo is an expression of company's vision to amplify human potential using technology.
Midcap software firm Hexaware Technologies reported a 3.4 percent revenue growth in constant currency but according to the company‘s chief R Srikrishna, its profitability will stay flat in calendar year 2017 as the margin growth will be in line with the revenue growth.
The two possible avenues where Hexaware plans to invest are in healthcare and banking, says R Srikrishna, Chief Executive Officer
After Tamil Nadu issued a notification bringing IT sector in Tamil Nadu under the ambit of Industrial Disputes Act, Mindtree Executive Chairman Krishnakumar Natarajan says the sector shouldn't be worried about the development.
Speaking to CNBC-TV18, R Srikrishna, ED and CEO of Hexaware said that slower ramp up from new clients impacted its revenue, while one-off cost elements like visa, medical expense impacted the margins.
Speaking to CNBC-TV18, R Srikrishna, Executive Director and CEO of Hexaware Technologies says despite headwinds, the company added orders from new clients in 2015.
R Srikrishna of Hexaware Technologies says margin improvement is not the main focus of the company. The aim is to deliver sustainable growth, he adds. He says the company is happy with margins in the 15-17 percent range
Midcap IT company Hexaware reported a 29.1 percent jump in its consolidated net profit to Rs 98.9 crore for Q1.
Stating that the company‘s fourth-quarter earnings were “easily the weakest in severalâ€, Hexaware CEO R Srikrishna brushed aside concerns his company or the broad IT sector faced with issues other than seasonality weakness this quarter.
CNBC-TV18‘s Kritika Saxena caught up with R Srikrishna, CEO, Hexaware on the sidelines of the NASSCOM Leadership Forum. Srikrishna is confident of outperforming the industry growth.
The technology company is not focused on margin expansion but growth and wants to reinvest margins back into multiple growth areas so that it is not focused on margin expansion dramatically
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
Hexaware exceeded analyst estimates with its second quarter (April-June) consolidated net profit growing 23.6 percent quarter-on-quarter to Rs 98 crore.
Atul Nishar, chairman, Hexaware, expects margin expansion to continue going forward. The volume growth of 1.9 percent improved utilisation in this quarter and the improvement in the offshore ratio helped the company to improve the margins.
Hexaware Technologies hopes to get 19-20 percent earnings before interest, tax depreciation and amortisation by end of 2013 buoyed by an improved sentiment across key market and a new order USD 30 million, Chairman Atul Nishar told CNBC-TV18 today.
After posting in-line Q4 earnings, PR Chandrasekhar, chief executive officer, Hexaware Technologies says he is optimistic on the company posting double digit revenue growth in 2013.
Software services provider Hexaware Technologies, which earlier this month lowered its guidance for the fourth quarter, is still 'reasonably confident' it will outperform the wider industry in 2013, its chairman Atul Nishar said on Tuesday.
Vineet Nayyar, Vice Chairman, Tech Mahindra told CNBC-TV18 that though BT's IT budget is coming down, but Tech Mahindra still remains their preferred partner.
Atul Nishar, chairman of Hexaware Technologies says the company has acquired twelve new clients in the third quarter of this year.
Atul Nishar, chairman, Hexaware, says that we remain quite positive on growing at 20% or more. We feel that if the situation improves with US elections and no debacle in Europe then the environment could only improve.
Atul Nishar, chairman of Hexaware says, the company has seen a consistent performance over the past eight quarters. He see minimum growth of 20% in dollar revenue in calendar year 2012. "We are confident of doing more than that," he asserts.