No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 3, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Hexaware Technologies Q2 Results: Profit jumps 38% YoY to Rs 380 crore but misses estimates

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 2 mins read
A A
Hexaware Technologies Q2 Results: Profit jumps 38% YoY to Rs 380 crore but misses estimates
Share on FacebookShare on TwitterShare on LInkedIn


Carlyle-backed Hexaware Technologies reported a 38% on-year rise in June quarter net profit in rupee terms at Rs 380 crore. Profit rose 16% sequentially.

Profit trailed expectations, largely due to a more than 20% increase in other expenses such as acquisition-related cost, and impairment of customer contract associated with an earlier acquisition.

Hexaware issued a muted revenue guidance for the year ahead. The company follows a January to December financial year.

Unlike its mid-tier peers, Hexaware’s Q2 revenue was relatively subdued at Rs 3,260 crore, rising 11.1% on-year and 1.6% sequentially in constant currency terms, lagging Street estimates. In constant currency terms, revenue stood at $382.1 million, growing 1.3% sequentially and 7.5% from a year ago.

During the quarter, revenue growth was impacted by decline in manufacturing and consumer segments, and flat growth in financial services.

Live Events

“Our growth expectations for the year are a little bit lower now than it was in the beginning of Q2,” R. Srikrishna, CEO, Hexaware told ET.“With lots of new promises of higher tariffs against multiple countries…that’s on the negative side. On the positive side, some trade deals have been announced with some smaller countries and there could be a slew of them in the next few weeks,” he added.Shares of Hexaware fell sharply on the earnings announcement. They closed 10.7% lower at Rs 738.25 apiece, underperforming a 0.88% decline in the benchmark BSE Sensex.

The Hexaware management said there is softness and cyclicality in the macro environment, and that all large consolidation deals are continuing.

“Small and mid-sized deals are progressing well. However, decision making is slowed. Consequently, lowered expectations for the rest of the year,” the company said.

Geographically, Europe witnessed growth both on-year and sequentially, but Asia Pacific witnessed a decline from a year ago, and marginal growth from the March quarter.

“There will be one or two quarters which will have blips (in Asia Pacific) but long-term, in general, it will be positive,” said Srikrishna. “In India, we made an acquisition to serve GCC (global capability centre) customers here. In the Middle East, we continue to have a strong pipeline and expect to convert in Q3 and grow revenues in Q4.”

This month, Hexaware acquired Bengaluru-based SMC Squared for $120 million (about Rs 1,038 crore) in an all-cash deal, which is expected to add revenue growth in the coming two quarters.

While adjusted margin improved to 18.1%, up from 17.1% in the March quarter, its full-year margin guidance stood at 17.1–17.4%.

The company expects banking to continue to deliver better sequential growth despite a one-off degrowth in Q1 which will impact financial services for the full year.

“On manufacturing, customers are waiting for clarity on costs. Once that happens, it takes a few weeks to translate that into what it means for them,” Srikrishna said.



Source link

Tags: croreestimatesHexawarejumpsmissesprofitresultsTechnologiesYoY
ShareTweetShare
Previous Post

Trump says he believes Powell is ready to start lowering rates

Next Post

The Enemy of Your Enemy is Not Your Friend

Related Posts

edit post
Investor education key to counter get-rich-quick culture: Sunil Subramaniam

Investor education key to counter get-rich-quick culture: Sunil Subramaniam

by TheAdviserMagazine
October 3, 2025
0

A recent survey showing that 62% of retail investors follow advice from financial influencers has sparked a wider debate on...

edit post
Japan’s next leader may be its first woman or youngest in modern era

Japan’s next leader may be its first woman or youngest in modern era

by TheAdviserMagazine
October 2, 2025
0

Japan stands a good chance of having its first woman prime minister or its youngest leader in the modern era...

edit post
Upcoming LG India IPO nears valuation of South Korea parent

Upcoming LG India IPO nears valuation of South Korea parent

by TheAdviserMagazine
October 2, 2025
0

Mumbai: LG Electronics India's market value, as per the pricing of its upcoming initial public offering (IPO), is nearly on...

edit post
‘I don’t know why I need to go to college’: Ford CEO says his Gen Z son worked as a mechanic and wondered if the 4-year degree was still worth it

‘I don’t know why I need to go to college’: Ford CEO says his Gen Z son worked as a mechanic and wondered if the 4-year degree was still worth it

by TheAdviserMagazine
October 2, 2025
0

Ford CEO Jim Farley gathered a host of experts this week to discuss what he calls “the essential economy,” the...

edit post
Elon Musk’s big week, from spurring a Netflix cancelation wave to blowing out Tesla sales estimates

Elon Musk’s big week, from spurring a Netflix cancelation wave to blowing out Tesla sales estimates

by TheAdviserMagazine
October 2, 2025
0

Months after Elon Musk left the Trump administration to the relief of Tesla investors worried about boycotts, the world’s richest...

edit post
Meet Dot: DoorDash’s new 5-foot, 350-pound robot delivery driver that can hit 20 mph

Meet Dot: DoorDash’s new 5-foot, 350-pound robot delivery driver that can hit 20 mph

by TheAdviserMagazine
October 2, 2025
0

Your 2am Ben & Jerry’s might soon be delivered by what looks like the love child of Wall-E and Lightning...

Next Post
edit post
The Enemy of Your Enemy is Not Your Friend

The Enemy of Your Enemy is Not Your Friend

edit post
Volkswagen seeks audience with Trump, dangling more than  billion in U.S. investments in exchange for tariff exemptions

Volkswagen seeks audience with Trump, dangling more than $10 billion in U.S. investments in exchange for tariff exemptions

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
How 401(k)s Compare to Real Estate for Long-Term Wealth

How 401(k)s Compare to Real Estate for Long-Term Wealth

0
edit post
TYRONE M. JIMMISON | The EDU Ledger

TYRONE M. JIMMISON | The EDU Ledger

0
edit post
AST SpaceMobile Breaks Out On Satellite Launch Update, Price Target Hike

AST SpaceMobile Breaks Out On Satellite Launch Update, Price Target Hike

0
edit post
Utah contracts with former federal defender chief to represent suspect in Charlie Kirk shooting death

Utah contracts with former federal defender chief to represent suspect in Charlie Kirk shooting death

0
edit post
Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout

Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout

0
edit post
BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees 00 Upside

BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

0
edit post
Investor education key to counter get-rich-quick culture: Sunil Subramaniam

Investor education key to counter get-rich-quick culture: Sunil Subramaniam

October 3, 2025
edit post
BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees 00 Upside

BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

October 3, 2025
edit post
Japan’s next leader may be its first woman or youngest in modern era

Japan’s next leader may be its first woman or youngest in modern era

October 2, 2025
edit post
Justin Sun Featured in Inaugural Crypto Roast and Delivers Keynote as TRON DAO Serves as Title Sponsor at TOKEN2049

Justin Sun Featured in Inaugural Crypto Roast and Delivers Keynote as TRON DAO Serves as Title Sponsor at TOKEN2049

October 2, 2025
edit post
Upcoming LG India IPO nears valuation of South Korea parent

Upcoming LG India IPO nears valuation of South Korea parent

October 2, 2025
edit post
New Shows and Movies Coming to Prime Video in October

New Shows and Movies Coming to Prime Video in October

October 2, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Investor education key to counter get-rich-quick culture: Sunil Subramaniam
  • BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside
  • Japan’s next leader may be its first woman or youngest in modern era
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.