Marred by the extended impact of client-specific issues, Hexaware Technologies (Hexaware) delivered a weak performance in 4QCY17. Its USD revenue grew by 1.3% QoQ (same in CC terms) to US$156.1mn, while volume rose by 1.1% QoQ. From vertical perspective, Travel & Transportation witnessed steep pressure with segmental USD revenue declining by 7.5% QoQ. On a positive note, USD revenue from the key BFS vertical grew by a decent 3.9% QoQ, while USD revenue from Insurance & Healthcare and MFG & Consumer rose by 2.2% QoQ and 1.1% QoQ, respectively. However, owing to wage hike and investments made for acquiring new clients, EBIT margin declined by a steep 151bps QoQ to 14.3%, which along with lower other...