Hexaware Ranks Number One Among the Top Service Providers in Overall Customer Satisfaction in Whitelane’s IT Outsourcing Study

March 16, 2017 Leave a comment

hexaware

Hexaware Technologies Limited, a leading global provider of application, infrastructure, BPS and digital services announced that it shares the number one ranking in overall customer satisfaction, in the European IT outsourcing survey conducted by Whitelane Research.

The annual study evaluated more than 4,600 unique IT outsourcing contracts held by over 1,500 top spending IT organizations in Europe. Hexaware received an overall customer satisfaction score of 79%, which was significantly higher than the average score (70%) for other service providers.

Hexaware has the most satisfied customers in application development, maintenance, and testing and has been rated in second place in that category, against traditional service providers. The company is positioned well above industry average on several Key Performance Indices (KPI), as per the study. It holds the top spot for various KPIs like service delivery quality, good and effective escalation process, reporting quality in a timely and accurate manner, price level on par with the market and contractual flexibility.

Read More: http://finance.yahoo.com/news/hexaware-ranks-number-one-among-083600631.html

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Hexaware Appoints Krishna Kumar as CTO

February 17, 2017 Leave a comment

hexawarePUNE: Hexaware Technologies Limited, a global provider of application, infrastructure, BPS and digital services today announced the appointment of Krishna Kumar as the Chief Technology Officer of the company. Kumar has over 25 years of experience, including about a decade each at Tata Consultancy Services and Yahoo.

More recently, he has been working on big data platforms and cloud infrastructure and has an engineering degree from IIT, Madras. R Srikrishna, CEO, Hexaware Technologies said, “Krishna joins us with a wealth of experience. His appointment strengthens our team and brings leadership skills directly relevant to the stage at which Hexaware is today. Our industry, for too long, has grown on the back of labor arbitrage.The future, though, will belong to service providers that are great at eliminating labor using automation and technology. Krishna will lead the digital workforce for Hexaware.”

Hexaware to Grow in Double Digits at 10-12% in 2017: Chief

February 9, 2017 Leave a comment

hexaware-1Midcap software firm Hexaware Technologies reported a 3.4 percent revenue growth in constant currency but according to the company’s chief R Srikrishna, its profitability will stay flat in the the calendar year 2017 as the margin growth will be in line with the revenue growth but the company will grow in double digits. “You should expect to see growth again in 2017 over 2016. But, it tends to be lumpy. So, I would not put a quarterly run-rate,” he said while speaking to CNBC-TV18 in an interview.

“You should expect to see growth again in 2017 over 2016. But, it tends to be lumpy. So, I would not put a quarterly run-rate,” he said while speaking to CNBC-TV18 in an interview.

According to Srikrishna, executive action can only change things to a certain extent and most things which are material to the H1B cannot be changed by executive action. “It needs legislative action and of the two bills that are there, one represents essentially Silicon Valley interests which has a little scope to go through. The other one is bipartisan, but you should know that similar bills that have not got bipartisan broader support, have not passed, he added.

Watch the exclusive footage of the interview of Hexaware CEO, R Srikrishna featuring on the show CNBC: http://www.moneycontrol.com/tv/cnbc-tv18-shows/midcap-radar-2017-02-08.html

Hexaware Technologies expands its BPS Services; opens 2nd delivery center in Chennai

December 6, 2016 Leave a comment

Hexaware Technologies Limited, a leading global provider of Application, Infrastructure, BPS and Digital services, announced the expansion of it BPS Services with a second delivery center in Chennai, India. The addition of this center in its global delivery network will further strengthen the Company’s delivery capabilities in providing accelerated business process solutions for clients across industries and various geographies.

hexaware

The inauguration was hosted by Allison Kirkby, Chief Executive Officer, Tele2, one of the leading European telecommunications operators. Hexaware has been a trusted partner for Tele2 since 2011. Over the years, Tele2 has become one of Hexaware’s strategic customers and among its top 3 customers in Europe. Together, Hexaware and Tele2 have partnered in various successful strategic undertakings. In the last 6 years this partnership has grown to include IT, customer & network operations and IoT/M2M.

“The opening of the new delivery center is in anticipation of continued growth we are experiencing in the marketplace, as we continue to invest in our capabilities to service our customers in line with our Shrink IT, Grow Digital strategy. We are also delighted to have Tele2 with us today. We see tremendous potential in leveraging our synergies for the benefits of our clients.” said R Srikrishna, Chief Executive Officer, Hexaware Technologies Limited.

The new center will deliver mission critical back office and front office services to global clients from varied industries including Telecommunication, Banking & Financial Services, Healthcare, Retail and Professional Employer Organization.

Read More: http://bit.ly/2gXJiiC

Hexaware Technologies Named a Top 15 Sourcing Service Provider by ISG

November 28, 2016 Leave a comment

Hexaware Technologies Limited, a leading global provider of Application, Infrastructure, BPO and Digital services, announced that it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company.

hexaware-1Hexaware was among the leading providers in the Breakthrough 15 category for the Americas region based on annual contract value (ACV) won over the last 12 months, according to the 3Q 2016 Global ISG Index.

Hexaware has witnessed industry-leading growth in the last two quarters of 2016. In the select verticals that it focusses on, Banking & Financial services has been leading the revenue share followed by Manufacturing & Consumer. New Bookings have been driven by Next Generation service lines, Agile Application Development, Infrastructure Management Services and Business Process Services. North America remains its strongest market in terms of revenue share followed by EU and then APAC. As a Gen 3.0 IT service organization, it has introduced new services to clients like RAISE IT, platform driven infrastructure and application management services, RPA enabled Digital Managed Services, which are in-line with the corporate strategy.

Shares of HEXAWARE TECHNOLOGIES LTD. was last trading in BSE at Rs.204.4 as compared to the previous close of Rs. 190.45. The total number of shares traded during the day was 261950 in over 3149 trades.

The stock hit an intraday high of Rs. 205.9 and intraday low of 190.75. The net turnover during the day was Rs. 52902353.

See full news here: http://bit.ly/2gmsQrQ

SpiceJet, Hexaware Tech among Five Wealth-Creating Midcap Stock Ideas

September 16, 2016 Leave a comment

The S&P BSE Midcap index may have lost nearly 3 per cent in the last one week, it has returned over 22 per cent in the last one year, as compared to just about 10 per cent surge on the benchmark index Sensex.

While some analysts believe the valuations of midcap stocks are overstretched, there are some who are bullish on these stocks given one chooses the right ones.

“Most of the mid cap stocks are looking overvalued but if one has 2-3 years long horizon, one can expect good returns. There are still pockets of midcap space which are at attractive valuation (like specialized engineering companies, niche financing and infrastructure companies) and they are expected to outperform in short term in spite of majority of midcap stocks being overvalued,” said Aasif Hirani – Director, Tradebulls.

Below are five midcap stocks ideas recommend by top brokerages:

India Nivesh

1) L&T Finance Holdings

L&T Fin has delivered better performance in the June quarter despite challenging business environment with healthy loan growth (despite run down of de-focused portfolio), healthy operating profit led by cost saving and positive surprise on asset quality despite transition to 120 dpd.

The brokerage like company’s strategy for FY16-20E of improving ROEs to high teen which will be led by focus on profitable and high margin segments.

India Nivesh maintained ‘buy’ rating on the stock with a target price of Rs 115.

Prabhudas Liladhar

2) Hexaware Technologies

hexaware-1

Hexaware Technologies reported impressive 6.6 per cent quarter-on-quarter dollar revenue growth. The company has guided for a robust second half as well with even fourth quarter of calendar year 2016 to be a good quarter unlike Q4 of CY15 which was soft.

The brokerage believes Hexaware’s performance is particularly heartening against a backdrop of revenue/margin miss by most mid?cap peers. It retained ‘Accumulate’ rating on the stock with a target price of Rs 255. Read more…

Hexaware betting big on Shrink IT and Grow Digital strategies, says its CEO

August 1, 2016 Leave a comment

Hexaware Technologies has posted robust earnings, with revenues up 12.6 per cent in the first quarter and dollar revenue seeing a healthy growth. Margins have seen steady growth as well.

Hexaware-CEO-Mr.-R-SrikrishnaSpeaking to BTVI, Hexaware Executive Director and CEO R Srikrishna said the company’s two-pronged strategy of Shrink IT and Grow Digital is paying off.

While the US business looks strong, the macroeconomic conditions in Europe are of a little more concern, even as the Brexit impact is still to be fully assessed. With $47 million in cash on books, Srikrishna said, the company is seriously looking at acquisitions in the healthcare and banking space.

Read Original Article Here:- http://www.thehindubusinessline.com/info-tech/hexaware-betting-big-on-shrink-it-and-grow-digit-strategies-says-its-ceo/article8925098.ece

Website:- http://hexaware.com