He believes that the headwinds have not accelerated this quarter and hopes to do better in CY15 over CY14.
Hexaware Technologies announced its first quarter results. Hexaware Q1 net Profit stood at Rs. 83.3 Crore. For the quarter, EBIT Margin was at 16.2%, while revenue was at Rs. 713.4 Crores; up 0.2% QoQ and 21.1% YoY.
The company has announced that the Board of Directors of the Company at its meeting held on April 29, 2015, inter alia, have declared payment of interim dividend @ Rs. 2 per share (100%) on equity shares of Rs. 2/- each.
In an interview with CNBC TV18, R Srikrishna, CEO of Hexaware Technologies, said that the company has missed the estimates due to some headwinds in the sector.
He believes that the headwinds have not accelerated this quarter and hopes to do better in CY15 over CY14.
Further, he mentioned that the staggered salary increments impacted the margins by 65-70bps. The company has expanded SG&A as they are confident about the future.
The company has announced that the Board of Directors of the Company at its meeting held on April 29, 2015, inter alia, have declared payment of interim dividend @ Rs. 2 per share (100%) on equity shares of Rs. 2/- each.
In an interview with CNBC TV18, R Srikrishna, CEO of Hexaware Technologies, said that the company has missed the estimates due to some headwinds in the sector.
He believes that the headwinds have not accelerated this quarter and hopes to do better in CY15 over CY14.
Further, he mentioned that the staggered salary increments impacted the margins by 65-70bps. The company has expanded SG&A as they are confident about the future.
No comments:
Post a Comment