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Hexaware Reports Financial Results for Third Quarter 2010

Hexaware is a leading global provider of IT & BPO services and consulting. The Company focuses on key domains such as Banking, Financial Services, Insurance, Travel, Transportation, Hospitality, Logistics, Life Sciences and Healthcare. Hexaware focuses on delivering business results and leveraging technology solutions by specializing in Business Intelligence & Analytics, Enterprise Applications, Quality Assurance and Testing, Remote Infrastructure Management Services and Legacy Modernization. Founded in 1990, Hexaware has a well-established global delivery model armed with proven proprietary tools and methodologies, skilled human capital and SEI CMMI-Level 5 certification.

Financial Highlights

  • Q3 ’10 Revenue increased to $ 61.1 mn (` 2,817 mn); surpasses the upgraded quarterly guidance of $ 60.0 mn
  • Q3 ’10 Profit after Tax up 192% q-o-q at ` 420 mn from ` 144 mn in Q2 ’10
  • 13 new clients added in Q3 ’10; of which 4 were Fortune 500 clients
  • Global Headcount increased to 6,308 at the end of September 2010; Year to date increase of 1,171; q-o-q increase of 277
  • Latest State-of-the-Art Delivery Centre in Bengaluru, India now operational

http://www.hexaware.com/fileadd/Hexaware%20Announces%20Q3%202010%20Results.pdf

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Posted by Guru's Pick on Thursday, November 11, 2010 6:40 AM
     
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