Hexaware Technologies falls after cutting Q4 revenue guidance

Fri Dec 7, 2012 12:18pm IST

Related Topics

Stocks

   

Reuters Market Eye - Hexaware Technologies (HEXT.NS) falls in early trade after it revised its fourth-quarter revenue guidance downwards.

The company now expects revenue for the December quarter at $92 million, down from an earlier guidance of $94.7 million-$96.5 million.

Revised revenue guidance also includes the impact of $450,000 on account of hurricane Sandy in the eastern cost of the United States, it said.

Hexaware shares down 4 percent at 102.05 rupees.

Hexaware's lower guidance comes on the back of fears that revenue outlook for 2013 for Indian IT companies looks bleak after Cognizant Technology Solutions' (CTSH.O) SEC filing.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Reliance Projects

Reliance Projects

Exclusive: Reliance plans $13 billion projects including new refinery.  Full Article 

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Low Stocks

Low Stocks

Indian power station coal stocks lowest since 2012 blackouts.  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Google Drones

Google Drones

Google is testing unmanned drones to deliver anything from dog food to medicine.  Video 

#RiceBucketChallenge

#RiceBucketChallenge

In India, rice replaces ice in bucket challenge.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage