Hexaware Technologies has reported lower than expected
numbers on all counts barring net profit in the July-September quarter of
current calendar year. Consolidated net profit fell by 5.5 percent to Rs 84.1 crore
(lower than expectations) in the quarter from Rs 89 crore in the previous
quarter.
Consolidated revenues rose just 1.5 percent QoQ to Rs 507.5
crore and dollar revenue increased 1.75 percent to USD 92.8 million from USD
91.2 million during the same period.
Analysts on an average had expected net profit of Rs 83.5
crore on revenues of Rs 512 crore for the quarter.
Earnings before interest, tax, depreciation and amortization
(EBITDA) margin dropped by 130 basis points QoQ to 21.6 percent in the quarter
ended September 2012.
The company has posted a foreign exchange loss of Rs 3.9
crore in the September quarter as against loss of Rs 5.5 crore in the previous
quarter.
Software services provider has added 12 new clients in the
third quarter of calendar year 2012 and lowered attrition rate to 8.4 percent
versus 9.6 percent QoQ.
The average bill rate per hour for Q3 remained stable at USD
73.54 for onsite services and improved by 50 basis points sequentially to USD
22.97 for offshore locations.
Guidance
Hexaware expects revenues in the range of USD 94.7-96.5 million
for the fourth quarter of 2012, a growth of 2-4 percent over previous quarter.
At 10:03 hours IST, shares fell 1.34 percent to Rs 110.40 on
the Bombay Stock Exchange.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
No comments:
Post a Comment