Hexaware Technologies

Quarterly Results will impact further movement in Indian Stocks

Quarterly Results will impact further movement in Indian Stocks

Stock specific action can be expected as many companies will declare their quarterly results. Some of the companies which Epic Research has tracked, will be announcing results. Have a look at what you can expect from some of the blue chip companies declaring results.

CEAT - Ahead of good Q1 results stock has surged nearly 9% in intraday. The stock has also given a breakout of double bottom chart pattern on the daily chart and given closing above the neckline. We recommend buying from the current level for the target of 1400 with the stop loss of 1310.

Hexaware appoints R Srikrishna as CEO

R SrikrishnaNew Delhi: Mid-sized IT services firm Hexaware Technologies on Monday said it has appointed R Srikrishna as its new Chief Executive Officer, effective today.

Srikrishna will take over the role from Vice Chairman and CEO P R Chandrasekar, Hexaware said in a statement.

Prior to this Srikrishna was President of Infrastructure and Life Sciences Businesses at HCL Technologies, it added.

Baring Asia to acquire 42% stake in Hexaware Technologies

Baring Asia to acquire 42% stake in Hexaware TechnologiesPrivate equity firm Baring Private Equity Asia will acquire 41.8 per cent stake in software firm Hexaware Technologies for Rs 1,687 crore.

In one of India's biggest IT acquisition deals, Baring will acquire the stake in parts from promoters led by Hexaware Chairman Atul Nishar and General Atlantic Global Investments.

Hexaware expecting 10% growth this year

Hexaware expecting 10% growth this yearHexaware has said that it is aiming to achieve a 10 per cent growth in earnings this year backed by a strong order book position in the coming years.

The company expects its margins to continue to expand in the coming future. Atul Nishar, chairman, Hexaware said that the company has a strong order book position with order pipeline with deal worth USD-30 million spread across the coming three years. Hexaware is currently focusing on three-four large deals with each valued at above US$ 25 million.

Hexaware Reports Strong Market Position

Hexaware Reports Strong Market PositionOn Wednesday, renowned software firm, Hexaware Technologies Ltd, claimed that its shares of market value at $521.93 million, have reported a significant hike of around 4.5% to a four-year high of 83.20 rupees , during the morning trade. Further, the company has increased its revenue outlook for the second time this year. Earlier, the company has forecasted revenue of at least $295 million for the year.

Hexaware With Target Of Rs 61

Hexaware With Target Of Rs 61Hexaware reported Q1CY11 revenue growth of 5.7%QoQ to USD70.4mn (PINCe USD70.5mn) led by volume growth of 4.9%QoQ and blended pricing improvement of 1.2%QoQ and offshore mix impact of (0.4)%QoQ. Sharp improvement in EBITDA margin.

Revenue growth in-line with expectations – Revenue grew 6.3%QoQ to Rs3,185mn. EBITDA margin improved 280bpsQoQ led by improvement in pricing, utilization rate and offshoring. Higher forex gain at Rs100mn and lower tax rate helped post higher-than-expected PAT of Rs538mn (35.9%QoQ growth). EPS for Q1CY11 was Rs1.8.

Hexaware Intraday Buy Call

Hexaware Intraday Buy CallTechnical analyst Puneet Kinra of Bonanza Portfolio has maintained 'buy' rating on Hexaware Technologies Limited stock with a target of Rs 77.

According to analyst, the investors can buy the stock with a stop loss of Rs 61.

The stock of the company, on April 11, closed at Rs 70.20 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 3.79 and 18.51 respectively.

The share price has seen a 52-week high of Rs 71.40 and a low of Rs 34 on BSE.

Buy Hexaware With Target Of Rs 71

Buy Hexaware With Target Of Rs 71Technical analyst Hemant Kale of Maia Financial Services has maintained 'buy' rating on Hexaware Technologies Limited stock with targets of Rs 64 and 71.

According to analyst, the stock can be purchased at current levels with stop loss of Rs 50 or 46.

The stock of the company, on March 04, closed at Rs 54.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 65 and a low of Rs 33.25 on BSE.

Current EPS & P/E ratio stood at 3.79 and 14.10 respectively.

Intraday Buy Call For Hexaware Technologies

Intraday Buy Call For Hexaware TechnologiesTechnical analyst Puneet Kinra of Bonanza Portfolio has maintained 'buy' rating on Hexaware Technologies Limited stock with a target of Rs 57.50.

According to analyst, the stock can be purchased with a stop loss of Rs 50.50.

The stock of the company, on March 1, closed at Rs 54.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 65 and a low of Rs 32.65 on BSE.

Current EPS & P/E ratio stood at 3.79 and 14.61 respectively.

Buy Hexaware With Target Of Rs 98

HexawareHexaware reported a strong Q4CY10 with 9%QoQ USD revenue growth led by volume growth of 7.8%QoQ and offshore pricing improvement of 1.7%QoQ. It surpassed its Q4CY10 revenue guidance by 2.5% indicating the strong demand environment.

Strong revenue growth in line with expectations – Revenues grew 6.4%QoQ to Rs2,996mn, lower as compared to USD revenues due to appreciation of rupee. EBITDA margins improved 300bpsQoQ led by lower SG&A expense
(200bpsQoQ decline) and improvement in billing and utilization. Higher tax rates dent PAT, which declined 5.7%QoQ. EPS stood at Rs2.7.

Buy Hexaware With Target Of Rs 130

Buy Hexaware With Target Of Rs 130Technical analyst Parsh Zaveri of Zaveri Investment has maintained 'buy' rating on Hexaware Technologies Limited stock with a target of Rs 130.

According to analyst, the investors can buy the stock with a stop loss of Rs 115.

The stock of the company, on January 14, marked its closure at Rs 119.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 130 and a low of Rs 65.10 on BSE.

Current EPS & P/E ratio stood at 8.72 and 13.61 respectively.

Intraday Buy Call For Hexaware

Intraday Buy Call For HexawareTechnical analyst Salil Sharma has maintained 'buy' rating on Hexaware Technologies Limited with an intraday target of Rs 118.

According to analyst, the investors can buy the stock with a stop loss of Rs 108.

The stock of the company, on December 28, closed at Rs 112.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 113.15 and a low of Rs 65.10 on BSE.

Current EPS & P/E ratio stood at 8.72 and 12.93 respectively.

Buy Hexaware With Target Of Rs 116

Buy Hexaware With Target Of Rs 116Technical analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Hexaware Technologies Limited stock with a target of Rs 116.

According to analyst, the investors can purchase the stock with a stop loss of Rs 100.

The stock of the company, on December 13, closed at Rs 106.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 107.80 and a low of Rs 65.10 on BSE.

Current EPS & P/E ratio stood at 8.72 and 12.41 respectively.

PINC Result Review – Hexaware

Hexaware TechnologiesHexaware’s revenue grew by a robust 11.2%QoQ to USD61.1mn. EPS was Rs2.8 (including exceptional item). USD revenue guidance for Q4CY10 is 4.7-6.4%QoQ growth to USD64-65mn.

Strong volume led revenue growth, PAT boosted by exceptional item US and BFSI outperforms; TTHL surprised positively Sharp growth in EAS and analytics indicate uptick in discretionary IT spend Healthy new client addition; top clients ramp up

In demand Hexaware Technologies elevating on Q3 revenue attitude

In demand Hexaware Technologies elevating on Q3 revenue attitudeHexaware Technologies plunged up by 3.82% at Rs 74.70 at around 9:58 IST on BSE subsequent to the company lifted its earnings outlook for Q3 September 2010 to $60 million quoting on enhancing business atmosphere.

The statement was made throughout trading hours today, 20 September 2010.

In the meantime, the BSE Sensex was moving up by 96.64 points, or 0.49%, to 19,691.39. On BSE, 1.83 lakhs shares were dealt in the offset as next to an average every day volume of 2.03 lakh shares in the precedent one quarter.

Hexaware sees better growth because of better financial

Hexaware sees better growth because of better financialIndia IT major, Hexaware Technologies has claimed that it will be growing by 7.5 per cent in the upcoming third quarter. It is sure about this since the company has seen good performance on the financial front during the second quarter.

It has also got a contract worth $200 million and was signed during the second quarter. This information was given one of the top officials of the company.

Buy Hexaware With Target Of Rs 87

Buy Hexaware With Target Of Rs 87Stock market analyst Sanjay Surekha is of the view that investors can buy Hexaware Technologies Ltd with target of Rs 87.

According to analyst, the investors can buy the stock with strict stop loss of Rs 73.

The shares of the company, on June 23, closed at Rs 77.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 102.80 and a low of Rs 37.75 on BSE.

Current EPS & P/E ratio stood at 12.32 and 6.32 respectively.

Hexaware Technologies Ltd (HTL) is an IT and BPO service provider, which is based in Mumbai, Maharashtra.

Hexaware Technologies profit down in first quarter

Hexaware Technologies profit down in first quarterHexaware Technologies has announced its first quarter results of the year 2010. As per the report, the company has been outplayed in terms of net profit and revenue. The consolidated net profit of Hexaware Technologies has been found out to be Rs 11.6 crore in this quarter. This was Rs 36 crore for the same quarter in the preceding year. As a result the company has seen deceline of 67.78% on quarter-on-quarter basis (QoQ).

Buy Hexaware With Stoploss Of Rs 94

Buy Hexaware With Stoploss Of Rs 94Stock market analysts are of the view that investors can buy Hexaware Technologies Ltd stock to achieve an intraday target between Rs 98-100.

According to them, investors can buy the stock around Rs 96.50 with a strict stop loss of Rs 94.

Shares of the company, on Thursday (Dec 03), closed at Rs 96.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 97.50 and a low of Rs 18.75 on BSE.

Current EPS & P/E ratio of the stock stood at 13.60 & 7.32.

Hexaware Technologies inks strategic partnership with SOASTA Inc.

Hexaware Technologies inks strategic partnership with SOASTA Inc.Hexaware Technologies, a leading provider of IT & BPO services and consulting, has announced a strategic partnership with SOASTA Inc., the leader in cloud testing.

The partnership is considered as key component in Hexaware's strategy to expand its premiere testing services with a new cloud-based solution.




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