Hexaware Technologies falls after cutting Q4 revenue guidance
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.
- Tweet this
- Share this
- Digg this
The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May. Full Article