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 Q1 ended March 31, 2010
• Revenue from operations stood at $ 48.6 mn; constant currency basis Revenue was $ 49.6 mn
o Q-o-Q decrease of 10.1 % in $ terms
• Net Profit after Tax was 2.5 mn
o Q-o-Q decrease of 67.1 % in $ terms
• 9 new clients added during the quarter; 156 active clients
• Global headcount stood at 5,304; up 167 from 5,137 at the end of December 2009
• Net cash & cash equivalents increased to $ 94.3 mn, an increase of $ 6.2 mn over the last quarter.
• Days sales outstanding (DSO) stood at 62 days
Guidance
• Revenue for Q2 ’10 is likely to be in the range of $ 52 mn to $ 53 mn
http://www.hexaware.com/fileadd/q1-10.pdf