Hexaware share price plummets after Q1CY16 results
DSIJ Intelligence / 05 May 2016
Hexaware Technologies (Hexaware) has declared its first quarterly result on May 4. The company’s revenue has remained flat at Rs 820 crore in Q1CY16 as compared to previous quarter.
Hexaware Technologies (Hexaware) has declared its first quarterly result on May 4. The company’s revenue has remained flat at Rs 820 crore in Q1CY16 as compared to previous quarter. Its EBITDA has declined by 8.35 per cent to Rs 119 crore in Q1CY16 on a quarterly basis. Hexaware’s EBITDA margin has contracted by 134 basis points to 14.56 per cent in Q1CY16 as compared to previous quarter.
The company’s PAT has decreased by 15.27 per cent to Rs 84.19 crore in Q1CY16 on a quarterly basis. Its PAT margin has contracted by 142 basis points to 10.26 per cent in Q1CY16 as compared to previous quarter. Hexaware’s cash stands at Rs 308 crore in Q1CY16. The company’s Days of Sales Outstanding (DSO) stands at 49 days, at the fag end of Q1CY16. It has added three new clients at the end of March 2016 quarter.
On the vertical segment revenue front, Hexaware earned 39.21 per cent from Banking and Financial Services segment; 27.97 per cent from Manufacturing, Consumer and others segment; 17.51 per cent from Insurance and Healthcare segment; and remaining 15.31 per cent from Travel Transportation segment during Q1CY16. On the geographical segment front, Hexaware earned 81.4 per cent from Americas segment; 12 per cent from Europe segment; and 6.6 per cent from Asia Pacific segment during Q1CY16.
On segmental front, Hexaware earned 37.8 per cent from Application Development and Maintenance segment; 13.7 per cent from Enterprise Solution; 20.2 per cent from Testing; 15.2 per cent from Business Intelligence & Analytics; 5.8 per cent from Business Process Services; and 7.3 per cent from Infrastructure Management Services during Q1CY16.
The share price of Hexaware has tumbled by 9.05 per cent on bourses in early trades; and is trading at Rs 211.85 on an intraday basis.
Hexaware is into Information Technology, Business Process Services (BPS) and is a consulting service provider. The company is engaged in information technology consulting, software development and business process management. It operates through five segments viz. Travel, Transportation, Hospitality and Logistics; Banking and Financial Services; Insurance and Healthcare; Manufacturing and Services; and others.
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