Hexaware reports Q3 2013 Results
Hexaware Technologies has reported the financial performance for the third quarter of the calendar year ended September 30, 2013. Hexaware revenue grew to $98.8 million, up 4.2% sequentially in dollar terms (up 15.7% to Rs.621 crore). Gross margin went up by 130 basis points Q-o-Q and EBIT margin was up 20 basis points.
Hexaware has delivered solid results during the quarter. With the uptick seen in the business environment, the Company is poised to continue on its growth path, noted Atul Nishar, Chairman, Hexaware Technologies Limited.
This has been a good quarter with healthy revenue growth, stable profit margins and a steady addition of 13 new clients and robust increase of 250 personnel to our talented human capital. We will continue to strengthen our field organization as well as our domain and technology competencies, stated P. R. Chandrasekar, CEO & Vice-Chairman, Hexaware Technologies Limited.
During the previous quarter, the Company added 13 new clients across all its key focus areas. Of these, 3 clients were added in the Banking and Financial Services (BFS) domain and 6 clients were added in the Healthcare & Insurance (H&I) space and one client in the travel segment. Of the 13 clients added in Q3 2013, 5 customers are based in America, 3 in Europe and 5 in the Asia-Pacific (APAC) region.
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