Latest news with #HexawareTechnologies
Bloomberg
3 days ago
- Business
- Bloomberg
Brookfield-Backed Leela Luxury Hotels to Begin Trading in India
The operator of the Leela luxury hotels will begin trading in Mumbai on Monday after completing India's second-largest initial public offering this year. Schloss Bangalore Ltd., which is owned by Brookfield Asset Management Ltd., sold its shares at 435 rupees apiece, the top end of their marketed range. The IPO raised 35 billion rupees ($409 million), second only to Hexaware Technologies Ltd.'s billion-dollar deal this year in India.
Business Standard
7 days ago
- Business
- Business Standard
Hexaware Technologies partners with Fixie.ai
Hexaware Technologies has announced a new partnership with a market leader in voice AI technology. As part of this collaboration, Hexaware will integrate Fixie's Ultravox Realtime platform into its enterprise solutions to deliver faster, smarter, and more natural voice-powered interactions for its clients. Fixie's Ultravox Realtime brings enterprise-grade voice recognition, and a scalable architecture designed to handle thousands of concurrent calls. For Hexaware, it adds another powerful tool to help clients reimagine customer engagement with voice AI that is fast, reliable, and ready for real-world deployment. "Our partnership with Fixie will enable them to access larger enterprise requirements across industries while enhancing our ability to simplify enterprise AI adoption for our clients," said Vinod Chandran, Chief Operations OAicer at Hexaware. With its developer-friendly design, accuracy, security and scalability, Ultravox Realtime is perfectly suited for the high-volume, integrated deployments our clients require. This collaboration enables us to deliver superior voice experiences, faster and more responsive customer interactions, especially during peak loads and multilingual situations. As part of the partnership, Hexaware is also supporting Fixie's open-source eAorts by donating GPU computing resources. This will help accelerate the training of future Ultravox models, strengthening the open-source AI community while unlocking even more potential for enterprise users.
Economic Times
28-05-2025
- Business
- Economic Times
Motilal Oswal initiates coverage on Hexaware Technologies with a Buy, target price Rs 950
Motilal Oswal Financial Services initiates a Buy call on Hexaware Technologies, setting a target price of Rs 950. Hexaware, a small-cap IT company, demonstrates strong financial performance with a revenue increase of 16.42% year-over-year. The brokerage anticipates robust growth, driven by strategic partnerships and effective execution, despite near-term uncertainties in discretionary tech spending. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.) Motilal Oswal Financial Services has initiated coverage on Hexaware Technologies with a Buy call at a target price of Rs 950. The current market price of Hexaware is Rs Technologies, incorporated in 1992, is a Small Cap company with a market cap of Rs 48570 crore) operating in IT Software Technologies' key products/revenue segments include Information Technology Products for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3212.30 crore, up 1.08% from last quarter Total Income of Rs 3178.00 crore and up 16.42% from last year same quarter Total Income of Rs 2759.30 crore. The company has reported net profit after tax of Rs 327.10 crore in the latest company's top management includes McLaren Quinlan, Bharadwaj, Kripalu, Sharma, Shripad Sarwate, Albert Devilla, Modi, De Fatima Soares, Joy Horbach, Ramakarthikeyan, Michael Genachowski. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 61 crore shares by a strong foundation of strategic partnerships, differentiated capabilities, and a well-diversified revenue mix, Hexaware Technologies is well-positioned within the mid-tier IT services space. What sets it apart is its sharp GTM strategy aimed at scalable growth, robust cash conversion, and deep client mining capabilities. However, the near-term outlook remains fluid, with discretionary tech spending still unfolding - particularly across key verticals like US Banking, Healthcare, and Hi-Tech. Hexaware's strong execution, ongoing vendor consolidation wins, and mid-tier account traction provide resilience. Motilal Oswal Financial Services estimates a CAGR of ~12.2% in USD revenue for Hexaware over CY24-26E, outperforming the Tier-1 average of 4.1% and in-line with tier-2 average of 12.6%. Additionally, its EBIT margin is set to improve steadily from 14.6% in CY25E to 15.3% in CY27E, supported by operating leverage and offshore an EPS CAGR of 20.8% over CY24-CY26E, higher than the Tier-I/Tier-II average of 10.0%/13.5%, HEXT is in the top quadrant of performance within the industry. Given its strong execution, diversified vertical exposure and improving margin profile, the brokerage has initiated coverage with a BUY rating. They value Hexaware Technologies at 32x Mar?27E EPS (15% discount to Coforge?s P/E multiple) with a target price of Rs 950 (19% upside).Promoters held 74.71 per cent stake in the company as of 31-Mar-2025, while FIIs owned 10.59 per cent, DIIs 9.06 per cent.
Time of India
28-05-2025
- Business
- Time of India
Motilal Oswal initiates coverage on Hexaware Technologies with a Buy, target price Rs 950
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Motilal Oswal Financial Services has initiated coverage on Hexaware Technologies with a Buy call at a target price of Rs 950. The current market price of Hexaware is Rs Technologies, incorporated in 1992, is a Small Cap company with a market cap of Rs 48570 crore) operating in IT Software Technologies' key products/revenue segments include Information Technology Products for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3212.30 crore, up 1.08% from last quarter Total Income of Rs 3178.00 crore and up 16.42% from last year same quarter Total Income of Rs 2759.30 crore. The company has reported net profit after tax of Rs 327.10 crore in the latest company's top management includes McLaren Quinlan, Bharadwaj, Kripalu, Sharma, Shripad Sarwate, Albert Devilla, Modi, De Fatima Soares, Joy Horbach, Ramakarthikeyan, Michael Genachowski. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 61 crore shares by a strong foundation of strategic partnerships, differentiated capabilities, and a well-diversified revenue mix, Hexaware Technologies is well-positioned within the mid-tier IT services space. What sets it apart is its sharp GTM strategy aimed at scalable growth, robust cash conversion, and deep client mining capabilities. However, the near-term outlook remains fluid, with discretionary tech spending still unfolding - particularly across key verticals like US Banking, Healthcare, and Hi-Tech. Hexaware's strong execution, ongoing vendor consolidation wins, and mid-tier account traction provide resilience. Motilal Oswal Financial Services estimates a CAGR of ~12.2% in USD revenue for Hexaware over CY24-26E, outperforming the Tier-1 average of 4.1% and in-line with tier-2 average of 12.6%. Additionally, its EBIT margin is set to improve steadily from 14.6% in CY25E to 15.3% in CY27E, supported by operating leverage and offshore an EPS CAGR of 20.8% over CY24-CY26E, higher than the Tier-I/Tier-II average of 10.0%/13.5%, HEXT is in the top quadrant of performance within the industry. Given its strong execution, diversified vertical exposure and improving margin profile, the brokerage has initiated coverage with a BUY rating. They value Hexaware Technologies at 32x Mar?27E EPS (15% discount to Coforge?s P/E multiple) with a target price of Rs 950 (19% upside).Promoters held 74.71 per cent stake in the company as of 31-Mar-2025, while FIIs owned 10.59 per cent, DIIs 9.06 per cent.
Business Standard
23-05-2025
- Business
- Business Standard
Hexaware Accelerates Delivery Solutions with a New Office in Chicago
PRNewswire Mumbai (Maharashtra) [India], May 23: Hexaware Technologies (NSE: HEXT), a leading global IT services and solutions provider, is pleased to announce the opening of its newest office located at 145 S Wells St, 15th Floor, Chicago, IL 60606. The new center was inaugurated by Jenna Howard - Executive Director of Call Center Technologies at Duly Health and Care, and Allison Radecki, Global CIO - Morgan Street Holdings, alongside key Hexaware leadership, including R Srikrishna, CEO, and Siddharth Dhar, President and Global Head of Digital IT Operations. This move strengthens Hexaware's ability to deliver more responsive, personalized IT services, work closely with clients across industries, and tap into the dynamic talent and tech ecosystem of the third-largest city in the United States. R Srikrishna said, "The U.S. continues to lead in digital adoption, and cities like Chicago sit at the heart of that momentum. This office strengthens our ability to support clients as they navigate shifting macro trends, whether it is AI-led transformation or scaling innovation with speed and clarity." "As our client base grows across the U.S. especially in the Mid-west, this move helps us scale more effectively in the region, both in terms of capabilities and speed. Being in Chicago brings us closer to the people and conversations that matter, so we can deliver better, faster, and more relevant outcomes. Over the next five years, we're looking to add 250 talented professionals to fuel this momentum," said Siddharth Dhar. Healthcare leaders see promise in this expansion as well. Jenna Howard shared, "It's encouraging to see this kind of tech investment in Chicago's robust healthcare market. Hexaware's commitment to our partnership and Duly's communities help expand access and bring innovation to those who need it most." Allison Radecki noted the operational upside, saying, "Stronger onshore partnerships like this help elevate business performance, especially in areas like compliance, control, and the speed to value." Adding to Hexaware's growing U.S. footprint, the Chicago office is designed for flexibility, fast decision-making, and deeper collaboration with clients in financial services, healthcare, manufacturing, and more. It also strengthens Hexaware's commitment to building smarter, faster, more human-centered enterprises--powered by AI, cloud, and data, and driven by purpose. About Hexaware Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at
