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
U.S. President Barack Obama and new Indian Prime Minister Narendra Modi vowed on Monday to expand and deepen their countries' strategic partnership and make it a model for the rest of the world. Full Article | Full Coverage
China final HSBC PMI steady in September on stronger global demand but risks remain Full Article