Hexaware Technologies Ltd.

NSE: HEXAWARE | BSE: 532129 | ISIN: INE093A01033 | Industry: IT Consulting & Software
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ICICI Securities Limited
Hexaware Technologies' (Hexaware) revenues declined 1.7% QoQ in dollar terms mainly led by Covid-19 (that impacted revenues by 2-3%). Revenue decline was mainly led by lower utilisation. EBIT margins declined ~160 bps mainly led by higher depreciation (Ind-AS impact) and 100-120 bps of Covid19 impact. PAT margin in the quarter was higher due to forex gains. The company had robust net new deal wins in the quarter of US$69 million....
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