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Carlyle-backed Hexaware Technologies reported a 38% on-year rise in June quarter net profit in rupee terms at Rs 380 crore. Profit rose 16% sequentially.
Profit trailed expectations, largely due to a more than 20% increase in other expenses such as acquisition-related cost, and impairment of customer contract associated with an earlier acquisition.
Hexaware issued a muted revenue guidance for the year ahead. The company follows a January to December financial year.
Unlike its mid-tier peers, Hexaware’s Q2 revenue was relatively subdued at Rs 3,260…
