Hexaware profit lags estimates, shares tank

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Carlyle-backed rel=”dofollow” href=”https://economictimes.indiatimes.com/hexaware-technologies-ltd/stocks/companyid-2254981.cms” target=”_blank”>Hexaware Technologies reported a 38% on-year rise in June quarter net profit in rupee terms at Rs 380 crore. Profit rose 16% sequentially.

Profit trailed expectations, largely due to a more than 20% increase in other expenses such as acquisition-related cost, and impairment of customer contract associated with an earlier acquisition.

Hexaware issued a muted revenue guidance for the year ahead. The company follows a January to December financial year.

Unlike its mid-tier peers, Hexaware’s Q2 revenue was relatively subdued at Rs 3,260…



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Hexaware profit lags estimates, shares tank



Carlyle-backed rel=”dofollow” href=”https://economictimes.indiatimes.com/hexaware-technologies-ltd/stocks/companyid-2254981.cms” target=”_blank”>Hexaware Technologies reported a 38% on-year rise in June quarter net profit in rupee terms at Rs 380 crore. Profit rose 16% sequentially.

Profit trailed expectations, largely due to a more than 20% increase in other expenses such as acquisition-related cost, and impairment of customer contract associated with an earlier acquisition.

Hexaware issued a muted revenue guidance for the year ahead. The company follows a January to December financial year.

Unlike its mid-tier peers, Hexaware’s Q2 revenue was relatively subdued at Rs 3,260…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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