Mumbai, April 15 (PTI): Global IT software company Hexaware Technologies Ltd has posted a profit of Rs 11.52 crore for the first quarter ended March 31, 2004 compared with Rs 1.75 crore in the year-ago period.

Gross revenues were up at Rs 114.37 crore as against Rs 66.69 crore in the corresponding previous period.

Given the improved visibility of business, the company has decided to raise the revenue guidance for 2004 to $ 108 million against $ 102 million and a net profit of $ 11.2 million as against $ 10.2 million.