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Hexaware reports Q4 2011 revenue growth

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Posted on -Thursday, February 2, 2012    By VARINDIA Correspondent
 

Hexaware Technologies Limited has reported strong performance for the fourth quarter of the calendar year ended December 31, 2011.

Atul Nishar, Chairman, Hexaware Technologies Limited said, "Over the last 7 quarters, we have delivered industry leading revenue growth of 8.1% CQGR and have guided for strong growth for the 8th successive quarter. With our superior track-record of delivering 22% CAGR over the last 9 years, we remain confident of sustaining our above industry revenue growth rate over the medium term. While the profitability margins have surged in 2011, Hexaware has several levers left to maintain or even improve operating margins in 2012 from our current levels on a constant currency basis."

P. R. Chandrasekar, CEO & VC, Hexaware Technologies Limited said, "This has been a remarkably strong quarter on all fronts including 7.8% revenue growth in constant currency; 460 basis points expansion in EBIT margin, improvement in operational metrics such as increased headcount, healthy bill rates and continued optimization of Selling, General and Administration (SG&A)spend. Through the year 2011, we have continued to make investments in strengthening our vertical capabilities and enhancing the depth in our horizontal competencies. With this, we have established the perfect platform to deliver above-industry performance in 2012. To meet our growth plan, we intend to add 1,500+ employees during the year ahead."

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