Hexaware Technologies (HTL) 4QCY14 revenue was US$114.5mn, up 4.1% QoQ, 1.1% above our estimate, while constant currency (CC) revenue rose by a healthy 5.1% QoQ. EBITDA margin rose 191bps QoQ, aided by higher utilisation and lower SG&A, driving adjusted net profit to Rs938mn, up 9.1% QoQ