Hexaware Technologies (Hexaware) recorded a largely in-line performance in 1QCY18. USD revenue rose by a healthy 3.9% QoQ, while CC revenue rose by 3.3% QoQ. Growth was led by good performance in the Travel & Transportation (+13.6% QoQ) and MFG & Consumer (+13%) verticals, aided by closure of some large projects. USD revenue came in at US$162.2mn, with YoY growth at a decent 12.1%. However, it should be noted that this is the 4th successive quarter of YoY revenue deceleration, owing to client-specific issues faced last year. Volume growth came in at 3.5%, more or less in line with revenue growth. Regards other verticals, the key BFS vertical grew by a relatively subdued 2.1% QoQ, Insurance and Healthcare revenue declined...