Hexaware Technologies comes up with decent quarterly numbers

Hexaware Technologies Ltd. reported its results for the quarter ended December 31, 2016 on Tuesday. 

Total sales for this quarter, Q4FY16, came in at Rs 940.87 crore. This represents a 4.06 per cent sequential increase and 14.81 per cent YoY increase. The company generated 82.5 per cent of total revenue from US in this quarter. Furthermore, the company's onsite revenue for the quarter stood at 64.5 per cent of the total revenue and offshore revenue stood at 35.5 per cent.

The operating profit (EBIT) for the recently concluded quarter amounted to Rs 148.32 crore and the EBIT margin stood at 15.76 per cent. In terms of the bottom-line, the company reported a profit after tax (PAT) figure of Rs 121.48 crore, which represents a sequential QoQ increase of 9.01 per cent and a YoY increase of 22.26 per cent. The board of director of the company declared fourth interim dividend of Rs 1 per share (50 per cent of Rs 2 FV).

The company's stock which opened for trading at Rs 198 on the BSE, has risen by 4 per cent, after the results were declared to touch the day-high of Rs 205.65 and is currently trading around the Rs 200 mark.

Hexaware Technologies Limited is a global provider of IT and process outsourcing services. The company's focus areas include banking, financial services and insurance, business intelligence and analytics, enterprise risk management, business process outsourcing, enterprise resource planning (ERP), healthcare and life sciences and HR outsourcing. The company also offers consulting, IT and BPO services.