‹ All Posts
SASI KUMAR SEBI RA

30th Jul · SEBI-Registered Analyst

Hexaware delivered another strong quarter on the revenue side

Revenue grew to ₹3,845 cr (+18% YoY), with good growth from Financial Services, Healthcare, Banking and Manufacturing. but one number surprised me. despite higher revenue, PAT came in at ₹330 cr, lower than ₹380 Cr last year. the reason wasn't weak business. The company took a hit from currency losses and acquisition & integration costs during the quarter. A few things worth noting: 🟢 healthcare & insurance remained one of the fastest growing segments. 🟢banking also continued to perform well. 🔴 travel & transportation is still behind last year's levels and remains the weakest major vertical. Another update: ✓ hexaware completed the CPS acquisition in the UK, strengthening its consulting business. ✓ it also announced an interim dividend of ₹8.50 per share, while continuing to maintain a healthy cash position. overall, the business looks healthy. Revenue growth is strong, but this quarter's profit was affected by a few temporary factors.

#PersonalFinance#FundamentalViews#Post-ClosingCommentary#StockInNews#EquityResearch
716 likes·76 comments