Hexaware Technologies, an IT services firm recently reported a profit after tax of Rs 153.6 cr for the second quarter of 2018, up 14.3% sequentially and 25.4% year on year.
The revenues reported by the company are of Rs 1136.7 cr, up 8.4% sequentially and 15.4% YoY. In dollar terms, constant currency revenue was at $169.8, up 4.7% QoQ, and PAT at $22.7M; up 9.5% QoQ, 19.5% YoY
-Professional services (Tax, Audit, Accounting and Legal)
The company specializes in an array of areas enclosing Application Transformation Management, Enterprise Solutions, Business Intelligence & Analytics, Digital Assurance, Infrastructure Management Services, Digital and Business Process Services.
R Srikrishna, CEO, Hexaware mentioned, “We continue to consistently deliver robust organic growth and are pleased to increase growth guidance for the year”.
The board also declared a second interim dividend of Rs 2.5 per share (125%) on equity shares of ` 2.00 each. Amongst verticals, Manufacturing & Consumer saw the most growth during the quarter at 11.2% QoQ and 32.4% YoY growth, followed closely by Healthcare & Insurance with 10.9% QoQ and 21.2% YoY growth.
“Hexaware has delivered yet another consistent performance with revenue growth of 3.8% QoQ and 4.7% QoQ in constant currency, which is an evidence of our successful strategy of Automate Everything, Cloudify Everything and Transform Customer Experience.” mentioned Atul Nishar, Chairman, Hexaware Technologies.
The Americas led geographic growth with 6.2% QoQ growth. Europe also grew faster than the company with 5.4% QoQ and 25.4% YoY growth. Infrastructure Management Services (IMS) grew at 8.9% QoQ and 37.0% YoY, and Business Process Services at 8.9% QoQ and 11.5% YoY growth this quarter.