Reliance Securities
Hexaware Technologies (Hexaware) has reported an in-line revenue performance in 2QCY18. Aided by healthy revenue performance in Insurance & Healthcare (+10.9% QoQ), MFG & Consumer (+11.2%) and Professional Services (+9.2%) verticals, its USD revenue grew by 3.8% QoQ (4.7% QoQ in CC terms) to US$168.3mn. However, on YoY comparison USD revenue grew by 10.3%, which marks deceleration for the 5th successive quarter. Volume growth came in at 4.9%, more or less in line with CC revenue growth. The key BFS vertical grew by a subdued 1.8% QoQ, while YoY growth slipped to 9%, marking the slowest YoY USD revenue growth in last 4 years (since 2QCY14) and the first quarter since...
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