Hexaware Q1 profit up by 4.3%, suspends revenue guidance

Hexaware has reported a rise in quarterly profits but suspended its annual revenue guidance.

The company said in a statement that Covid-19 has led to significant uncertainty in the current environment.

“Once the Government mandated lockdown is lifted, we will be resuming services in our offices in a staggered and segmented approach starting with those delivering critical services for which onsite presence is required,” the company said. Profits for the March-ended quarter, which is Q1 for Hexaware, came in at ₹175 crore, a 4.3 per cent sequential rise when compared to ₹167.8 crore posted in the December 2019-ended quarter. On a year-on-year basis, profits were up 26.3 per cent.