About the Company:
Hexaware Technologies Limited is an information technology and business process outsourcing service provider company based in Navi Mumbai, India. The company founded in 1990. The company majorly deals into development support, integration, implementation and testing services across all major enterprise software systems such as Oracle, Sap, Microsoft, Peoplesoft and Workday. It has thirty five offices globally and eight development centres in New Jersey, Mexico, Mumbai, Chennai, Pune and Bengaluru. Hexaware also provides software services in banking, airlines, financial services, health care & insurance sectors.
QoQ & YoY Performance:
India’s one of the major IT and Software consulting company has declared the results for the fourth quarter of fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs.15,417 crores, up by 0.85% in the March quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.13,081 crores is surged by 1.50%. EBITDA numbers increased by 15.12% on QoQ.
- YoY Performance: The Company has reported a 21.97% increase in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have surged by 21.65%.
- Profitability of the company: Net profit of the company landed to Rs.1749.63 crores, increased by 4.27% QoQ and 26.35% YoY.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock was closed at Rs.279.60 per share, the company has posted strong financial results as the revenue is increased by 21.97 percent YoY and net profit is surged by 26.35 percent YoY basis; so we will suggest you to take “BUY” positions in the stock for the target of Rs.325.