Hexaware Technologies Ltd.

BSE: 544362 | NSE: HEXT
Mid Cap | IT - Software
717.00
-9.60 (-1.32%)
< Home < Back

Chennai floods to impact Hexaware Technologies’ revenue in Q3

Date: 19-12-2015

Chennai floods are expected to have material impact on Hexaware Technologies’ revenue and a one-time cost in the quarter ending 31st December 2015. Chennai is the largest delivery center for the company and contributes 23.5% of the total global revenue. The company has 44% of the global strength operating out of Chennai.

In view of the extremely heavy & incessant rainfall and subsequent flooding, Chennai operations except mission critical activities had to be suspended for 3 days. While Chennai was open for normal business from 7th December, attendance was lower than normal for several days as employees were still recovering from the aftermath of the floods.

Hexaware is a global provider of IT, BPO and consulting services with revenue over $ 422.4 Million. Our 11000+ employees are the drivers of our growth, working round the clock across the globe in delivering meaningful technology solutions to our customers.