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Hexaware declares Q1 results, net profit of 
53.3 Crore
By siliconindia
|
Thursday, 28 April 2011, 19:56 IST |
1 Comments
Mumbai: Hexaware Technologies, the software service firm has reported their financial results for the first quarter ended March 31, 2011. The company reported a net profit of Rs 53.83 crore for the quarter ended March 31, 2011.
The company had registered a net profit of Rs 11.55 crore in the same period a year earlier, Hexaware Technologies said in a filing to the Bombay Stock Exchange (BSE).
Income from operations of the company rose to Rs 318.5 crore in the January-March quarter from Rs 221.9 crore in the same period last year, it added.
The company has added 10 new clients in this quarter, three in the America, three in Asia Pacific and four in Europe. 1,360 employees are added in this year.
Atul Nishar, Chairman, Hexaware Technologies , said, "On the back of robust performance in Q1 '11 & increased business visibility for Q2 '11, we upgrade our revenue outlook for 2011 to a minimum of $295 million, an annual revenue growth of at least 27.5 percent compared with 2010. We remain confident of sustaining or improving the operating margins at the current levels for CY 2011."