Weak Revenue; Trend to Continue in Next Quarter As Well Led by client-specific issues, Hexaware Technologies (Hexaware) has delivered a weak performance in 3QCY17, with its USD revenue rising by 0.9% QoQ (0.4% QoQ in CC terms) to US$154mn, which was below our estimate by 0.7%. Volume growth came in at 0.9%, similar to revenue growth. Vertical-wise, the key BFS vertical grew by a subdued 1% QoQ, Travel & Transportation revenue declined by 0.6% QoQ and MFG and Consumer declined by 2% QoQ. The Insurance and Healthcare vertical was the stand-out performer, clocking a healthy 7.4% QoQ growth in USD revenue. Notably, EBIT margin (ex-ESOP charges) rose by 78bps QoQ...