Hexaware Q3 PAT up by 180%

MUMABI: Indian software services firm Hexaware Technologies Ltd. reported a jump in its July-September profit after tax to Rs 16.55 crore from a pre-exceptional Rs 5.92 crore a year earlier.

Revenue rose 60 percent to Rs 146 crore in the quarter, the firm said in a statement.

Hexaware also raised its guidance for net profit for the year to December 2004 to $13 million from $12.5 million, and for revenue to $118 million from $114 million.

The statement said the company had added new multi-year contracts worth $30 million during the third quarter.

This included a $9 million three-year contract from Citibank Germany and a three-year contract from Lufthansa Systems AG.