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Hexaware Technologies Ltd.

BSE: 532129 Sector: IT
NSE: HEXAWARE ISIN Code: INE093A01033
BSE 00:00 | 30 Oct Hexaware Technologies Ltd
NSE 05:30 | 01 Jan Hexaware Technologies Ltd
OPEN 470.10
PREVIOUS CLOSE 470.75
VOLUME 21204
52-Week high 471.90
52-Week low 231.00
P/E 29.93
Mkt Cap.(Rs cr) 14,139
Buy Price 470.50
Buy Qty 500.00
Sell Price 470.75
Sell Qty 208.00
OPEN 470.10
CLOSE 470.75
VOLUME 21204
52-Week high 471.90
52-Week low 231.00
P/E 29.93
Mkt Cap.(Rs cr) 14,139
Buy Price 470.50
Buy Qty 500.00
Sell Price 470.75
Sell Qty 208.00

Hexaware Technologies Ltd. (HEXAWARE) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me great pleasure to report that Hexaware recorded yet another year ofsustained performance in FY 2019. The Company closed the fiscal with significantimprovements in revenues profitability and margins. The results demonstrate the Company'sexcellent execution capabilities and tireless efforts to achieve excellence.

Performance overview

Amidst a volatile global economy the strong double-digit growth in topline sustainedprofitability and healthy margins validate Hexaware's strong business model. We remain oneof the fastest growing IT services company adopting varied routes to digitalization fromprocess automation to cloud related solutions. At Hexaware we offer a vast range oftechnologically superior solutions that play a pivotal role to enable enhanced customerexperiences. Our ability to offer innovation through automation to more than 263 clientsacross different industries in over 30 countries truly makes us a global company andamong the leading IT outsourcing companies in Asia.

Industry review

As the global IT industry continues to grow steadily the Indian IT service sectorcontinues to be one of the biggest contributors of the GDP and export revenues. WorldwideIT spending has been experiencing headwinds primarily led by the pandemic. However in thelong run the sector will continue to sustain job creation direct and indirect havingmatured from being a cost-effective back office task to an advanced arena driving digitaltransformations for leading companies across the globe.

In the recent past global enterprises have rapidly adopted digital technologies. In afast paced and ultra-competitive business environment possessing the best technology todeliver optimum performance is critical to business success and sustainability. While theCovid-19 crisis has challenged every aspect of our customer's business it stronglyreinforces our belief in the role that technology can play as we move ahead. The emergingtechnologies like AI ML Robotic Automation IoT and AR among others have helpedenterprises improve productivity monitor performance automate processes and reducecosts. These technologies when combined with an innovative approach help organizations tobring about transformational changes to their legacy-based business model. Withorganizations now under tremendous pressure to transform the role of these emergingtechnologies becomes more vital than ever.

Raising the bar

As digital transformation continues to change the operating landscape of severalindustries we remain in the forefront with our strategies of – Automate Everything TMCloudify Everything TM and Transform Customer Experiences TM. Wefurther strengthened our Customer Experience strategy with the acquisition of MobiquityInc. a leading digital consultancy. By innovating meaningful digital solutions toTransform Customer Experiences™ Mobiquity helps us derive synergies to exploreopportunities for new and existing customers.

In addition we continue to widen our presence across the globe. We strive to be aleader in digital transformation offering innovative and customized solutions that createsignificant value for our customers.

I wish to express my regards and appreciation for all our stakeholders including myfellow Board members management team employees customers and partners for theircontinuous support.

I am confident that with our sustained commitment and efforts Hexaware is perfectlypositioned to grow and create sustainable value for all.

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