You are here » Home » Companies » Company Overview » Hexaware Technologies Ltd

Hexaware Technologies Ltd.

BSE: 532129 Sector: IT
NSE: HEXAWARE ISIN Code: INE093A01033
BSE 00:00 | 29 Jan 351.00 -0.90
(-0.26%)
OPEN

355.20

HIGH

360.60

LOW

349.30

NSE 00:00 | 29 Jan 351.70 -0.75
(-0.21%)
OPEN

354.60

HIGH

360.85

LOW

349.00

OPEN 355.20
PREVIOUS CLOSE 351.90
VOLUME 18244
52-Week high 439.00
52-Week low 312.35
P/E 21.76
Mkt Cap.(Rs cr) 10,474
Buy Price 351.00
Buy Qty 4001.00
Sell Price 355.00
Sell Qty 50.00
OPEN 355.20
CLOSE 351.90
VOLUME 18244
52-Week high 439.00
52-Week low 312.35
P/E 21.76
Mkt Cap.(Rs cr) 10,474
Buy Price 351.00
Buy Qty 4001.00
Sell Price 355.00
Sell Qty 50.00

Hexaware Technologies Ltd. (HEXAWARE) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me great pleasure to share with you an update on the overall performance ofyour Company during FY 2018. We had an excellent year with good growth in revenue andprofit which has been the result of the strategic building blocks we have put in place -Automate Everything Cloudify Everything and Transform Customer Experience.

On a global scale more and more companies continue to invest increased budgets indigital technologies. Investments are significantly higher in newtechnologies such ascloud storage in data analytics in artificial intelligence and in robotics.

Solid Industry Growth

The IT industry is set to post a double-digit sales growth over FY 2019-20. Businessflow from the US region is increasing and while there is some uncertainty in Europebecause of Brexit business from the region is likely to continue growing. Ana lyticscloud services and robotics will be among the major growth drivers for the industry. TheIndian IT industry is clearly at a very attractive stage right now - due to high growthsuperior margins earnings in strong currencies superior governance and availability ofhigh quality management talent who can professionally run businesses. Digital has clearlybeen the driver of growth during the year. To enhance digital capabilities the industryhas been investing in setting up centres of excellence and innovation hubs in key markets.

A key growth driver for the industry is the prediction of Digital Transformation.Worldwide spending on technologies and services enabling digital transformation ofbusiness practices products and organisations is forecast to reach USD 1.97 trillion by2022. This indicates a 5-year CAGR of 16.7%. It is predicted that by 2020 about 30% ofG2000 companies would have allocated capital budget equal to at least 10% of their revenueto fuel their digital strategies realising digital transformation as a long-terminvestment. According to the Gartner report worldwide IT spending is projected to totalUSD 3.8 trillion in 2019 rising by 3.2% from the expected spending of USD 3.7 trillion in2018.

The Hexaware Advantage

We are one of the fastest growing IT services company with consistent growth on theback of increased order wins and geographical expansion and with a vision of having 50%digital workforce and strong culture of innovation. We are creating a culture ofautomation first approach building capabilities and focusing on products and alliances totransform how IT services are delivered. We are enabling this through excellent clientrelationships and strong execution capabilities that helps us build trust with our clientsand within client organisations. Our solidity in client mining helps us in providingentrance to new organisations which in turn helps us drive new businesses and reduce therisk of client concentration and dependencies.

On a Growth Trajectory

Changing landscape of technology has been a reality of our times and we at Hexawareare continuing our focus towards meeting customers' needs through investment ininnovation. We have been on a growth trajectory despite a globally weak businessenvironment. We possess the R&D flexibility to boost digital transformationalcapabilities. At Hexaware we have always focussed on segments that could providedifferentiated services to our clients compared to multinational corporations. I ampleased that the differentiated strategy we are pursuing has worked well with our clients.

To steer our growth strategy forward we are aiming towards systematic synergisation ofvarious elements and our "Inside Out Outside In" strategy to become a large ITplayer in the decade to come.

We have been combining innovative technology with deep industry expertise underpinnedby security and trust. We express our gratitude to our cherished clients and to thousandsof Hexawarians whose brilliance makes it possible for us to achieve our goals.

We are truly optimistic about our technology our clients and about the world we arebuilding together. We are also devoted in earning the trust and respect of ourshareholders customers employees and the communities we serve every single day.

With Warm Regards

Atul Nishar

Chairman