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The firm had posted a net profit of Rs 87.3 crore in the year-ago period, it said in a statement. Consolidated revenues rose 15.1 percent to Rs 819.5 crore in the October-December quarter of 2015 fiscal against Rs 711.8 crore in the same quarter of 2014 fiscal.
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The firm had posted a net profit of Rs 76.6 crore in the April-June period last year, it said in a statement. Consolidated revenues rose 26.5 percent to Rs 772.2 crore in the April-June quarter of the current fiscal against Rs 610.4 crore in the year-ago period.
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Baring will buy out promoters led by Atul Nishar and GA Global Investment Ltd's 41.8 percent stake at Rs 126 or Rs 135 per share for an aggregate Rs 1,575 crore to Rs 1,687 crore. It will buy Hexaware founders' 27.7 per cent stake and 14.1 per cent from private equity firm General Atlantic.
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Hexaware Technologies is confident of no change in the management even after it completes it 41.8 percent stake sale to Baring Private Equity.
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Barings will buy out 42 percent stake from the family of Hexaware founder Atul Nishar and private equity firm General Atlantic, and that will be followed up by a mandatory open offer for additional 26 percent stake, according to a news report.
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Hexaware exceeded analyst estimates with its second quarter (April-June) consolidated net profit growing 23.6 percent quarter-on-quarter to Rs 98 crore.
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Software services exporter Hexaware Technologies' first quarter net profit rose 20 percent quarter-on-quarter to Rs 79 crore, helped by new deal wins, sending its shares up more than 2 percent in morning trade on Monday.
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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.
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Atul Nishar, chairman of Hexaware Technologies says the company has acquired twelve new clients in the third quarter of this year.
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Software services provider Hexaware Technologies' second quarter consolidated net profit rose better-than-expected 48% year-on-year (0.8% sequentially) to Rs 89 crore, helped by continued demand for outsourcing services even as the global macro-economic conditions remain tough.
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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.
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Hexaware Technologies Limited, a leading global provider of IT, BPO and consulting services has announced today that the Company has signed a contract estimated at $ 250 million, with an existing client headquartered in United Kingdom for an additional 5 years starting 1st January 2012.
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Signing their single largest contract till-date, software services firm Hexaware Technologies said it has won a new five year contract with estimated revenue of USD 250 million.
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Hexaware Technologies said third quarter net profit rose 54% year-on-year to Rs 65 crore helped by strong volume growth. It also raised guidance for the full year (2011) saying it was seeing continued growth momentum.
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"The deal has been signed with an existing client in North America for infra management and business process outsourcing services," said Atul Nishar, its chairman in an exclusive interview with CNBC-TV18.
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Atul Nishar, Chairman at Hexaware Technologies tells CNBC-TV18 that his company has bagged a USD 25 million European deal. The three year Remote Infrastructure Management contract from an existing client will see the company deploying over 150 professionals to handle this new business.
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Atul Nishar, Chairman, Hexaware Technologies in an interview with CNBC-TV18 spoke about the quarterly performance of the company. He said that this quarter was of all round growth. Improvement in overall operations has driven the margins.
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Atul Nishar, Chairman of Hexaware, in an interview with CNBC-TV18’s Udayan and Mitali Mukherjee, spoke about the multi-million dollar order they received and the recent happenings in his company.
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Hexaware’s board has approved a 1:1 bonus share issues, on the occasion of the company completing 20 years, says Atul Nishar, chairman of the company, in an exclusive interview on CNBC-TV18.
