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.