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.