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Written by / Agency / Source: Hexaware Technologies Ltd

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Hexaware Continues to be on the Above-industry Revenue Growth Path - This note is a response to certain baseless and malicious rumors last week pertaining to Hexaware allegedly losing one of its large clients. Hexaware categorically states that such speculation is false and mischievous - Hexaware.com
Hexaware Continues to be on the Above-industry Revenue Growth Path

 

NewswireToday - /newswire/ - Mumbai , India, 2013/01/28 - This note is a response to certain baseless and malicious rumors last week pertaining to Hexaware allegedly losing one of its large clients. Hexaware categorically states that such speculation is false and mischievous - Hexaware.com.

   
 
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The Company also wishes to reiterate that it has not lost any client nor has it encountered any adverse outcomes in the recent deal pursuits. Hexaware continues to win new business and add new logos across all its major focus areas consistently.

The Company continues to progress on its healthy revenue growth trajectory. For the last 10 consecutive quarters, Hexaware has delivered revenue growth in excess of 6% Q-o-Q (CQGR)
through organic means, which is well above industry average. The Company’s annual revenue growth rate guidance for CY 2012 is 18% y-o-y which is again significantly above industry growth estimates. Hexaware remains on course to deliver above industry revenue growth over the medium term.

Hexaware’s corporate objective remains focused on attaining sustainable profitability metrics while delivering robust revenue growth. Over the last few quarters, the Company’s profitability metrics have been superior in comparison with peers (companies of similar size). Having guided for lower profitability margins in Q4 2012, Hexaware remains confident of regaining the margins which are above peer group in a short period of time.

Hexaware would report its results for the quarter ending December 31, 2012 and for the full year 2012 on February 11, 2013.

About Hexaware
Hexaware (hexaware.com) is a leading global provider of IT & BPO services and consulting. The Company focuses on key domains such as Banking, Financial Services, Travel, Transportation, Healthcare and Insurance. Our business philosophy,“Your Success is Our Focus”, is demonstrated through the success we ensure for our clients. 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 wellestablished global delivery model armed with proven proprietary tools and methodologies, skilled human capital and SEI CMMI-Level 5 certification.

Safe Harbor Statement
Certain statements in this press release concerning our future growth prospects are forwardlooking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.

 
 
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Written by / Agency / Source: Hexaware Technologies Ltd

 
 

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Hexaware Continues to be on the Above-industry Revenue Growth Path

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Hexaware |
Publisher Contact: Sreedatri Chatterjee - Hexaware.com 
+91 226654 2682 / 83 sreedatric[.]hexaware.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Hexaware Technologies Ltd securities in any jurisdiction including any other companies listed or named in this release.

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