NEW DELHI: Hexaware tumbled over 9 per cent on Wednesday even as the IT firm's June quarter numbers largely met analysts' expectations.The stock fell 8.74 per cent to hit a low of Rs 453.10 on the BSE today.The IT firm reported a profit after tax of Rs 153.6 crore for the second quarter of 2018, up 14.3 per cent sequentially and 25.4 per cent year on year.The company reported revenues of Rs 1,136.7 crore, a jump of 8.4 per cent sequentially and 15.4 per cent YoY.
In dollar terms, constant currency revenue was at $169.8 million, up 4.7 per cent QoQ.
PAT came in at $22.7 million, up 9.5 per cent QoQ and 19.5 per cent YoY.We continue to consistently deliver robust organic growth and are pleased to increase growth guidance for the year, said R Srikrishna, CEO, Hexaware.
The Americas led its geographic push with 6.2 per cent QoQ growth.
Europe also grew faster.
Infrastructure Management Services (IMS) grew at 8.9 per cent sequentially and 37.0 per cent yearly while Business Process Services rose 8.9 per cent QoQ and 11.5 per cent YoY this quarter.