BPO vendor Hexaware Technologies revenue for the third quarter of fiscal 2014 rose 22.4 percent to Rs 621.1 crore from Rs 507.5 crore in the same period last financial year.
The IT services firm’s net profit increased 17.4 percent to Rs 98.7 crore for the third quarter ended September 30, 2013.
The company added 13 clients during the quarter.
The IT services firm, which competes with Infosys, Wipro, TCS, etc. also reported addition of 250 employees across business to 8,950. Hexaware said attrition for the quarter ended September 2013 was at 12.3 percent.
Baring Private Equity Asia recently acquired controlling stake in the company.
“We will continue to strengthen our field organization as well as our domain and technology competencies,” said P R Chandrasekar, CEO and vice chairman, Hexaware Technologies.
During the quarter, the company added 13 new clients across all its key focus areas.
Of these, 3 clients were added in the banking and financial services (BFS) domain and 6 clients were added in the healthcare & insurance (H&I) space and one client in the travel and transportation vertical. Of the 13 clients added in Q3 2013, 5 customers are based in Americas, 3 in Europe and 5 in Asia Pacific (APAC) region.
From a horizontal service line perspective, 4 clients were won in enterprise solutions space, 3 clients each in business intelligence and business analytics (BI/ BA) horizontal, quality assurance and testing services (QATS) and 1 client each in business process outsourcing (BPO) and remote infrastructure management services (Remote IMS) service line.