Hexaware Technologies Ltd, a leading global IT & BPO services provider, today announced financial results for Fourth Quarter and Full-Year 2006.
Fiscal year ended December 31, 2006
â¢ Revenue from operations was Rs 8,482.14 mn ($187.22 mn), an increase of 39.9%* over CYâ 05 â¢ Net Profit after tax was Rs 1,242.32 mn ($27.44 mn), an increase of 99.1%* over CYâ05 â¢ 49 new clients added during the year; highest addition ever â¢ 129 active clients; 41 are Fortune 500 / Global 500 corporations â¢ 41 âmillion dollarâ clients were billed during the year vs. 30 such clients in CYâ 05 â¢ Increase in global headcount of 2183 to 5829 at the end of the year â¢ Significant improvement in gross margins from 35.7% in CYâ05 to 37.3% in CYâ06. Improvements in operating margins from 9.9% to 13.2% and PAT margins from 10.3% to 14.6% over the same period
Fourth Quarter ended December 31, 2006
â¢ Consolidated Revenue from operations was Rs 2,402.18 mn ($53.76mn) â¢ Net profit after tax was Rs 337.54 mn ($7.59mn) â¢ Diluted EPS on an annualized basis was Rs 8.99; Basic EPS was Rs 9.46 â¢ Added $ 40.2 mn of new business orders â¢ 12 new clients acquired during the quarter
On November 28, 2006, Hexaware successfully closed the acquisition of FocusFrame Inc., a US based testing services firm, ahead of schedule.
â NOTE: All data comparison shown above relates to CYâ05 financials that exclude corresponding Peoplesoft BoT figures. This BoT was transferred to Oracle on Nov 2, 2005.