Hexaware Technologies falls after cutting Q4 revenue guidance

Last Updated: Fri, Dec 07, 2012 07:06 hrs

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.

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