co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
At Moneycontrol, the Results page helps you effectively track corporate announcements and results for various listed companies across both India and abroad. With our Results page, you can keep abreast with an updated, comprehensive view of all the profit/loss statements, company spendings, AGM outcomes, and quarterly and annual results from all these listed companies. Additionally, Moneycontrol also regularly tracks international MNCs listed on NASDAQ and Asian bourses, including popular companies like Apple, Google, Alibaba. Apart from finding solid copies of company results, stock movements consequent to these company results, expectations, and analytical post results copies, you will also find copies and articles detailing the earnings, impact, and all major announcements made to media/exchanges by these companies, so that you do not miss anything. We also provide you with concrete data points to help you spot profitable trades, stock build-ups, and bulk deals. At Moneycontrol, we also cover analysts/investors meetings; scrutinise results and data and BSE/NSE reports or news. The copies are not just full of information and data, but are also adequately supplemented with expert views, investor opinions, extensive interviews, videos, and a huge variety of explainers, analyses, and informative slideshows to help you gauge the market and make investment decisions in the best possible manner. More
The two possible avenues where Hexaware plans to invest are in healthcare and banking, says R Srikrishna, Chief Executive Officer
Sales are expected to increase by 3.3 percent Q-o-Q (up 9.7 percent Y-o-Y) to Rs 847 crore, according to Motilal Oswal.
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.
Dollar revenue is likely to see a 0.7 percent sequential growth at USD 126 million in quarter ended December 2015 and 1-1.5 percent growth in constant currency.
Shashi Bhusan, IT Analyst at IDFC Securities says Persistent Systems will deliver the strongest growth driven by its Aepona business.
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.
Revenue may increase 5.5 percent quarter-on-quarter to Rs 753 crore and dollar revenue is likely to climb 3.2 percent to USD 118.6 million during the same period on account of seasonal strength.
Amid generally weak sales performance, sectors that are likely be stronger are IT (14 percent), pharma (12 percent), media & entertainment (12 percent) and retail (10 percent), says Emkay.
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.
Hexaware Technologies is expected to report March quarter profit after tax at Rs 100.5 crore, a growth of 15.1 percent over Rs 87.3 crore in December quarter, according to the average of estimates of analysts polled by CNBC-TV18.
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
While JM Financial is incrementally positive on Infosys stock, it will still wait for one or two more quarters of performance from the company before upgrading it to a buy.
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
Analysts expect profit of the company to fall 1.9 percent sequentially to Rs 96.8 crore in the quarter ended December 2013. It had reported a forex loss of Rs 18.7 crore in corresponding quarter of last fiscal, according to CNBC-TV18 poll.
Analysts are waiting for clarity on management changes after Barings acquired 41.5 percent stake in the company in October. With a new owner, Hexaware could go for greater aggression going forward, in terms of revenue growth, deal wins and acquisitions, feel analysts.
Hexaware exceeded analyst estimates with its second quarter (April-June) consolidated net profit growing 23.6 percent quarter-on-quarter to Rs 98 crore.
Motilal Oswal expects Hexaware Technologies to report a 13.7 percent growth quarter-on-quarter (growth of 1.3 percent year-on-year) in net profit at Rs 90.1 crore.
Emkay Equity Advisory expects Hexaware Technologies to report a 5.1 percent growth quarter-on-quarter (degrowth of 6.4 percent year-on-year) in net profit at Rs 83.3 crore.
Nirmal Bang expects Hexaware Technologies to report a 3.2 percent growth quarter-on-quarter (degrowth of 8.1 percent year-on-year) in net profit at Rs 81.8 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.
Software service providers are expected to provide a 1-4 percent sequential revenue growth in Jan-March, which is typicaly a slow quarter given that key decisions related to IT budgets and discretionary spends for the rest of the year are taken by clients during this time.
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.
Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.
