Hexaware Technologies Q3 net down

Mumbai: Hexaware Technologies registered a 11 per cent decline in consolidated net profit at Rs16.55 crore for the quarter ended September 30, 2004 as compared to Rs18.61 crore for the quarter ended September 30, 2003.

According to a release issued to the BSE today, total income has increased from Rs101.70 crore in the SQ-03 to Rs149.22 crore in the quarter ended September 30, 2004.

Hexaware Technologies has posted a 71.6 per cent decline in net profit at Rs6.56 crore for the quarter ended September 30, 2004 as compared to Rs23.10 crore for the quarter ended September 30, 2003.

Total income has increased from Rs63.65 crore in the SQ-03 to Rs64.69 crore in the quarter ended September 30, 2004.

The company has decided to again raise its revenue guidance for the financial year 2004 to $118 million, against earlier guidance of $114 million. This represents a 61.6 per cent increase over FY2003 revenues. Net profit has also been revised gain to $13 million - earlier guidance being $12.5 million.