MARKET EYE-Hexaware Technologies falls after cutting Q4 revenue guidance

Fri Dec 7, 2012 10:00am IST

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* Hexaware Technologies 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' SEC filing.
 

 (manoj.dharra@thomsonreuters.com)
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