Hexaware Technologies’ stock slipped 2% after the company posted a soft December quarter performance. The IT firm reported constant currency (CC) revenue growth of just 0.2% sequentially, marking its first earnings release since re-listing on the stock exchanges.
For the full 2024 calendar year, Hexaware maintained a strong 13.5% CC revenue growth. However, quarterly revenue in US dollar terms dipped 0.5% to $372 million, down from $374 million in Q3. In rupee terms, revenue grew marginally by 0.6% to ₹3,154.4 crore.
On the positive side, the company’s EBITDA margin expanded by 30 basis points to 16.3%, indicating improved operational efficiency. Net profit for the quarter also saw a healthy rise of 5.4% compared to the previous three months.
Hexaware Technologies’ stock opened at ₹827.00 after a previous close of ₹819.25. The stock hit a high of ₹827.00 and a low of ₹796.10 during the day. Its 52-week high stands at ₹ 847.00 and 52 week low at ₹708.00.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
