Mumbai: Hexaware Technologies Ltd posted a net profit of Rs17.1 crore for the quarter ended December, after a one-time forex trading hit dragged the software services and back office firm into the red last year.
The company also forecast revenues of $51 million (Rs248 cr) to $53 million (Rs258 cr) for the quarter to 31 March.
“We believe our corporate plans...such as improvement in the offshore utilization and multiple cost rationalization initiatives, would enable the organization to emerge stronger from the current challenging environment,” chief executive officer P.R. Chandrasekar said in a note on Monday.
The December quarter included a foreign exchange loss of Rs28.8 crore, the company said. Hexaware, which has slowed its hiring, had 5,622 employees as of December-end and added 12 new clients during the quarter.