Hexaware

Hexaware Q4 net profit surges eightfold; stock shoots up 10%

Hexaware Q4 net profit surges eightfold; stock shoots up 10%Hexaware Technologies, an Information Technology and Business Process Outsourcing service provider company, has announced financial results for the fourth quarter and the full-year 2008.

During the result announcement, the Navi Mumbai-based company said that its consolidated net profit for the financial year ended December 31, 2008, grew eight-fold to Rs 58.98 crore over the corresponding period a year ago.

Hexaware Technologies stock jumps over 100% in a single day

Hexaware TechnologiesOn Thursday, the shares of Software firm Hexaware Technologies witnessed a huge jump and gets more than double its Wednesday's closing price, in short span on market rumours of a possible stake sale by the company.

Sources reveled that there was talk that a private equity investor in the company was exiting and in addition, a large Indian IT company was also eyeing Hexaware for an acquisition.