Financial Daily from THE HINDU group of publications
Friday, Feb 03, 2006


Group Sites

Info-Tech - Financial Performance
Corporate Results - Software

Hexaware Q4 net up 15 pc; to pay 30 pc final

Our Bureau

MUMBAI: Hexaware Technologies Ltd, global IT and BPO services provider, reported a 15.4 per cent increase in its fourth quarter net profit at Rs 24.75 crore compared to Rs 21.46 crore in the corresponding year-ago period.

The company said that during the quarter, the India Services Centre (ISC) was transitioned to Oracle. This helped the growth in profitability.

Revenue from operations during the quarter was Rs 174 crore, up by 10.8 per cent from the year-ago period.

During the quarter, Hexaware bagged $40 million worth business orders, higher than the previous three quarters. It reported a 43.6-per cent increase in its full year profit after tax at Rs 91.49 crore against Rs 63.74 crore in 2004.

In dollar terms, Hexaware achieved revenues of $153.77 million and net profit of $20.72 million during 2005 against the guidance of $153 million and net profit of $19.5 million.

The board also recommended a 30 per cent final dividend. An interim dividend of 30 per cent was paid earlier for the year 2005.

During the year, revenue from operations was Rs 678.66 crore, up by 24 per cent. The company added 39 new clients during the year and has 126 active clients; 30 `million dollar' clients were billed against 25 clients in 2004.

The company commenced work on Phase I of its campus in Chennai, which is expected to accommodate 3,000 software professionals. It will be operational by first quarter of 2007, the company said in a news release quoting Mr Atul Nishar, Executive Chairman, Hexaware Technologies Ltd.

SpecSoft Consulting Inc, a wholly-owned subsidiary was merged with Hexaware Technologies Inc on January 3, 2006, to effectively nurture its capabilities under the Hexaware brand. The merger will make operations more efficient.

More Stories on : Financial Performance | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Sanjeev Aga to head COAI

GSM players' ARPU higher than CDMAs'
Hexaware Q4 net up 15 pc; to pay 30 pc final
Pentamedia Graphics net declines
Tanla Solutions Q3 net jumps
SEEC announces new facility in Hyderabad
TCS to run automated rural job scheme — Pilot project launched in AP; leakages can be plugged, says Ramadorai
RelQ Software plans to double headcount; plans $3-m expansion
Mascon to buy US, Singapore cos
Wipro signs deal with GM; eyes $300-million revenue
Avexus, Infospectrum tie up
PTC in pact with IBM
Quintegra sets up office in Malaysia
Paramount Computer to set up India centre
C1 enables e-tenders worth Rs 40,000 cr
Seminar on IT in SSI sector
BBC to telecast reality series on call centres
`Electronics growth to propel chip demand to $36.3 b, create 3.5 m jobs'
Sierra Senior V-P

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line