Hexaware Profit Rises to $140 m
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%.