 "Hexaware Tech Q3 net up 30% at Rs 84 cr")
New Delhi: IT company Hexaware today reported 29.9 percent jump in profit after tax at Rs 84 crore for the third quarter ended September 30, 2012.
The company had posted PAT of Rs 64.7 crore for the same period a year ago. “Over the last few years, we have enhanced our core capabilities in the two focus verticals - Banking and Capital Markets and in Travel and Transportation… We are now actively pursuing inorganic opportunities to expand our vertical presence,” Hexaware Technologies Chairman Atul Nishar said in a statement.
[caption id=“attachment_634007” align=“alignleft” width=“380”]  The company has declared payment of interim dividend at the rate of Rs 1.20 per share. Reuters[/caption]
The company has declared payment of interim dividend at the rate of Rs 1.20 per share (60 percent) on equity shares of Rs 2 each. Hexaware’s income from operations increased 38.6 percent at Rs 507.51 crore during the quarter, compared to Rs 366 crore in the corresponding period last year.
“During this year, we have added significantly to the field sales organisation. These investments have enabled us to expand our focused account management program to cover our Top 50 clients,” Hexaware Technologies CEO and Vice Chairman P R Chandrasekar said.
At the end of September 2012, the global headcount in the company increased to 9,143 from June 2012 which is 979 people more compared to its total headcount in September 2011.
The statement said that Hexaware gave an average of 11 percent wage increase for its personnel at offshore effective April 1, 2012 and an average compensation increase of 4 percent for employees at overseas locations effective October 1, 2012.
Without disclosing name of company, Hexaware said that it has bagged a multi-million dollar deal in the Financial Services domain in Europe during the quarter. The company stock was trading at Rs 110.55, down 1.21 percent, during morning session at BSE today.
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