Hexaware Technologies has reported its performance report for the fourth quarter of the calendar year ending December 31, 2012.
The report revealed that the Gross margin has improved by 80 basis points (bps) Y-o-Y to 39.2%from 38.4%.Annual revenue growth rate went up by 18%. The largest focus vertical at Hexaware grew by 28% Y-o-Y in CY 2012. Attrition for Q4 2012 reduced to 8.7% as compared to 13.9% for Q4 2011.
The average bill rate per hour for Q4 2012 improved to $ 74.27 for onsite services and to $ 23.16 for offshore locations. 11 new clients added in Q4 2012; 47 in CY 2012 cutting across all focus areas. At the end of the quarter, the number of active clients improved to 218.The average size of the Top 10 client segment has expanded from approximately $ 11 mn in CY 2010 to around $ 18 mn in CY 2012.
Hexaware won the EMC Transformers Award for its Cloud and Disaster Recovery (DR) implementation.
Atul Nishar, Chairman, Hexaware Technologies Limited said, “In line with the Dividend policy announced in 2011, Hexaware Board has decided to continue with the liberal dividend policy and the Company intends to distribute approximately 50% of the net profits (Profit after Tax) as dividend. Given the financial strength as well as the evident growth prospects, dividend will continue to be declared every quarter.”
