Hexaware Tech CEO sees deal pipeline improving

Back office and IT services firm Hexaware Technologies Ltd is seeing its deal pipeline in North America improve, but expects profit margins to come under pressure in the June quarter too, an official said.                                          

"We do see an improvement in the deal pipeline, particularly in the Americas," PR Chandrasekar, chief executive officer and vice chairman, told Reuters in an interview on Thursday.                        

The company is looking at higher orders from financial services and travel and transportation sectors, he added.                             

The company earlier forecast revenue of $52-53 million for the second quarter ending June, 1-3% lower than a year ago.          

Profit margins will remain under pressure in the second quarter thanks to an average 15% wage hike in April for India-based employees, he added.