Hex­aware Profit Rises to $140 m

The Economic Times - - Companies: Pursuit Of Profit - Our Bureau

Pune: Hex­aware Tech­nolo­gies, a global provider of ap­pli­ca­tion, in­fra­struc­ture, BPS and dig­i­tal ser­vices, has re­ported a 3.4% se­quen­tial rise in net profit at $139.9 mil­lion for the quar­ter ended De­cem­ber 31, 2016, a year-on-year rise of 13.2%. The com­pany said that it ex­pected to grow at 1012% in 2017. The EBITDA for the quar­ter was at $24.8mn, an in­crease of 24.8%, while profit af­ter tax rose 7.5% se­quen­tially and 22.1% year-on-year at $17.9mn. The com­pany also de­clared its re­sults for FY2016, re­port­ing a 9% in­crease in revenue at $529.6mn.

Profit af­ter tax for the year was up by 2.3% at $62.1mn.The fig­ures are in con­stant cur­rency terms. The com­pany has de­clared a fourth in­terim div­i­dend of 50% for Q4FY16. The head­count for the quar­ter was up by 290 at 12,115 em­ploy­ees with util­i­sa­tion, in­clud­ing trainees, at 78.6% and at­tri­tion at 16.1%.

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