MARKET EYE-Hexaware Technologies falls after cutting Q4 revenue guidance

Fri Dec 7, 2012 10:00am IST

Related Topics

Stocks

   

* 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)
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

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

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