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Hexaware Technologies Named a Top 15 Sourcing Service Provider by ISG

Posted On: 2016-11-26 01:56:47

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 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™.

Now in its 56th consecutive quarter, the ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Each quarter it names the 15 top providers in the Big 15 (revenues of more than $10 billion), Building 15 (revenues between $2 billion and $10 billion) and Breakthrough 15 (revenues of less than $2 billion) categories for each region. Each Top 15 category includes providers that compete in the traditional outsourcing market, as well as those that compete in the as-a-service market, including IaaS and SaaS providers.

"Our industry has thrived on labor arbitrage for too long. The next decade belongs to companies that can eliminate labor. Traditional companies cannot pivot from labor arbitrage to labor elimination easily. Hexaware is at the forefront of this effort to eliminate labor through automation, AI, ML and every other means available. We are delighted by this recognition." said R Srikrishna, CEO & Executive Director, Hexaware Technologies Limited.

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.

Hexaware's inclusion in the ISG Index™ is based on data the company submits to ISG each quarter. "For nearly 15 years, the ISG Index™ has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance," said Paul Reynolds, chief research officer of ISG. "Hexaware continues to establish itself as a leading and growing player in the global market for Application, Infrastructure, BPO and Digital services, based on its volume of business in relation to other industry providers."

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.


Source: Equity Bulls

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