Hexaware Technologies Limited has reported strong performance for the fourth quarter of the calendar year ended December 31, 2011.

 Highlights of Q4 ended December 31, 2011

•         Revenue from operations increased to $ 84.1 mn (` 431.9 Crore) well ahead of the quarterly revenue guidance of $ 82.0 mn - $ 82.5 mn

1. Q-o-Q increase of 6.7% in $ terms and 18.0% in ` term
2. Q-o-Q increase of 7.8% in $ terms on a constant currency basis
3. Y-o-Y increase of 26.3% in $ terms and 44.1% in ` terms

•         Gross margins improved by 250 basis points Q-o-Q to 40.7%

•         EBITDA margins improved to 23.0%; up 430 basis points from Q3 2011

•         Operating Profit (EBIT) Margins continued its expansion to 21.6%; sequential increase of 460 basis points from 17.0% in Q3 2011

•         Profit after Tax increased to ` 88.2 Crore; up 36.4% from ` 64.7 Crore reported in Q3 2011; while PAT margins went up 270 bps on a Q-o-Q basis to 20.4%

•         Days of Sales Outstanding (DSO) remained low at 62 days at the end of Q4 2011

•         15 new clients added during the quarter; 192 active clients at the end of Q4 2011

•         Global headcount increased to 8,317; net addition of 1,806 during 2011

•         Added 225 fresh graduate engineers in January 2012; undergoing Training and Induction currently