Hexaware reports revenue growth of 30% Y-o-Y; 9.6% Q-o-Q

- EBITDA Margin up 340 bps Q-o-Q at 18.7%; despite onsite wage hikes- Profit after Tax up 54% Y-o-Y; Q3 2011 PAT margins at 17.7%- Annual $ revenue guidance revised upwards to 32% Y-o-Y growthHexaware Q3 2011 revenue grew to $ 78.8 mn up 5.3% sequentially in $ terms (up 9.6% in terms INR to INR 3660 mn); at the upper end of the revenue guidance- On a constant currency basis, Revenues came in at $ 79.2 mn, up 5.9% Q-o-Q sequentially, ahead of quarterly revenue guidanceFRobust volume growth of 9.2% sequentially; the strategy of offshoring succeeds with offshore revenue mix going up by 300 bps Q-o-Q to 46.3%EBIT margins improved 350 basis points

Press Release Distribution, Hexaware reports revenue growth of 30% Y-o-Y; 9.6% Q-o-Q