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 by specializing in Business Intelligence & Analytics, Enterprise Applications, Testing 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.
Highlights of Q2 ended June 30, 2010
•Q2 ’10 Revenue stood at $ 54.9 mn exceeding the upper-end of the revenue guidance of $ 53 mn
o Q-o-Q increase of 13.1 % in $ terms
o In constant currency terms, Hexaware delivered $ 55.9 mn an increase of 15% on a sequential basis
•Net Profit after Tax was at $ 3.1 mn
o Q-o-Q increase of 21.5 % in $ terms
•Bags its single largest contract worth $ 110 mn with a Fortune 500 corporation; also wins an extension worth $ 60 mn with another client
•Declared 30% interim dividend
•12 new clients added during the quarter; 156 active clients
•Days sales outstanding (DSO) improved by 9 days to 53 days, from 62 days last quarter
•Global headcount increased to 6,031, an addition of 727 employees from 5,304 at the end of March 2010
•Net cash & cash equivalents increased to $ 95.9 mn from $ 94.3 mn
http://www.hexaware.com/fileadd/q2-10.pdf