India's Hexaware Technologies jumps on strong quarterly earnings

Hexaware Technologies

29/04/2025 09:27

** Shares of Hexaware Technologies HEXW.NS gain 4.1% to 730.35 rupees

** Technology services provider reported 15.8% y/y rise in Q1CY25 consolidated adjusted profit; revenue grew 16.7% y/y

** Strong earnings led by growth in financial services vertical, with majority of the revenue coming from the U.S.

** The latest earnings report is the first from the company since debut in February

** Avg rating of 3 brokerages on stock is "strong buy" median PT is 835 rupees - data compiled by LSEG

** Stock down ~2% since debut

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))