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Forex gains for the rest of the year will be materially lower, says Hexaware

Updated : July 25, 2018 10:29:04 IST

Hexaware Technologies reported June quarter sequential revenue rise of 8.4 percent to Rs 11,367 crore. Revenue rose 8.4 percent to Rs 1,136.7 crore sequentially.

R Srikrishna, CEO of the company spoke to CNBC-TV18 about the results and outlook.

"We expect margins to grow in-line with revenues," Srikrishna said adding that the forex gains for the rest of the year will be materially lower.

Talking about deal wins, he said, “Last quarter we were up. This quarter is flattish but usually our pattern is more wins in H2 (second half of the year) than in H1. So there is no slowdown.”

“We will have wage hikes in H2; in Q3 and more in Q4 and usually rupee depreciation ends up funding the wage hike. So I am not looking at rupee depreciation as a way to improve margin in the short-term, it is going to fund our wage hikes,” he added.
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