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
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
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