Impressive all-round performance, buy back a positive Hexaware Technologies' USD revenue grew by strong 4.3% qoq in 3QCY16 to US$135.2mn. EBIT margin expansion by 214bps qoq (ex-ESOP compensation cost) led by lower visa cost and higher utilisation is a key positive. Utilisation is at its highest level since 4QCY13 (74.1%). Higher margins led to 11.9% qoq growth in net profit. Deal wins from new clients grew healthily by 110% qoq to US$42mn. Share buyback is another positive development. Hexaware is buying back up to 5.69mn shares at a price of Rs240 per share, amounting to Rs1.37bn. Assuming full...