Hexaware Tech revenues up 61%, Profits up 271%

By siliconindia staff writer   |   Thursday, 27 January 2005, 08:00 Hrs
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MUMBAI: Hexaware Technologies today posted a huge jump of 271% in its fourth quarter net profit.

The company's net profit in the October-December period has surged to Rs 21.4 crore from Rs 7.5 crore in Q4 of the previous year.

Hexaware's fourth quarter revenue has increased by 47.4 per cent to Rs 157 crore from Rs 106.5 crore in the corresponding December ending quarter of 2003.

The company added 12 new clients and 302 employees in the quarter under review. It has announced a final dividend of Rs 5 a share.

Hexaware board will meet on February 21 to consider a stock split.

Hexaware has given a revenue guidance of $170 million in the financial year 2005.

The company's FY'05 profit guidance is up 80 per cent to $25.2 million.

During the year 25 clients billed more than $1 million each

At a growth rate of 61%, Hexaware is the fastest growing software services company for the fiscal 2004 (among the Nasscom Top 20). The Company has recorded double-digit sequential growth both in revenues (in dollar terms) and profits for the seventh consecutive quarter.

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