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Hexaware Q1 net up 8.25% at Rs 23 cr
By agencies
|
Tuesday, 19 April 2005, 19:30 IST
MUMBAI:Hexaware Technologies has posted 8.25 percent increase in its net profit for the first quarter from 
21.46 crore ( 214.6 million) to 23.23 crore ( 232.3 million) quarter-on-quarter.
Q1 net revenue has risen by 4.45 percent from 157.01 crore ( 1.57 billion) to 164 crore ( 1.64 billion) QoQ. The company added eight new clients and 211 employees.
Operating profit margin stood at 13.7 percent for Q1 of CY05 as against 16.32 percent in Q4 CY04, while net profit margin has risen to 14.16 percent from 13.7 percent QoQ. It bagged order worth $32 million in Q1 and three orders above $5 million each.
The company has given a CY05 guidance of revenue rise by 40 percent to $170 million and net profit soaring 80 percent to $ 25.2 million.
"The success of our focus on domain knowledge in BFSI and airlines is reflected in the new order book of $22.3 million and $9.7 million respectively. Operating margin has gone up to 13.7 percent. Existing client revenues also went up to 91.8 percent underlying both the success of our account mining and the potential of our client base," said Atul Nishar, Executive Chairman.
"The quarter performance is in line with our annual guidance of revenue of $170 million and net profit of $25.2 million. With 3 new orders in excess of $5 million each, the company has added 9 such major orders since July 04," stated Rusi Brij, Vice-Chairman
21.46 crore ( 214.6 million) to 23.23 crore ( 232.3 million) quarter-on-quarter.
Q1 net revenue has risen by 4.45 percent from 157.01 crore ( 1.57 billion) to 164 crore ( 1.64 billion) QoQ. The company added eight new clients and 211 employees.
Operating profit margin stood at 13.7 percent for Q1 of CY05 as against 16.32 percent in Q4 CY04, while net profit margin has risen to 14.16 percent from 13.7 percent QoQ. It bagged order worth $32 million in Q1 and three orders above $5 million each.
The company has given a CY05 guidance of revenue rise by 40 percent to $170 million and net profit soaring 80 percent to $ 25.2 million.
"The success of our focus on domain knowledge in BFSI and airlines is reflected in the new order book of $22.3 million and $9.7 million respectively. Operating margin has gone up to 13.7 percent. Existing client revenues also went up to 91.8 percent underlying both the success of our account mining and the potential of our client base," said Atul Nishar, Executive Chairman.
"The quarter performance is in line with our annual guidance of revenue of $170 million and net profit of $25.2 million. With 3 new orders in excess of $5 million each, the company has added 9 such major orders since July 04," stated Rusi Brij, Vice-Chairman
