MoneyWorks4Me analysed the past 10-year performance of Hexaware Technologies Ltd and arrived at the following conclusion:
The 5-year analysis of Hexaware Technologies Ltd's performance infers:
We analysed the performance of Hexaware Technologies Ltd share prices over the last 10 years. Here is what we found out:
Hexaware Technologies (HTL) is IT and Process outsourcing service provider in global space. HTL was incorporated on November 1992. The company provides technological solutions and specialises in Business Intelligence, Business Analytics, Enterprise Applications, Transportation, HR-IT and Legacy Modernization. It delivers services to industries like Banking and Financial, Insurance and Travel transportation and logistics. The companyâ€™s onsite/offshore delivery model provides
Hexaware Technologies (HTL) is IT and Process outsourcing service provider in global space. HTL was incorporated on November 1992. The company provides technological solutions and specialises in Business Intelligence, Business Analytics, Enterprise Applications, Transportation, HR-IT and Legacy Modernization. It delivers services to industries like Banking and Financial, Insurance and Travel transportation and logistics. The companyâ€™s onsite/offshore delivery model provides significant cost savings. The development centers are assessed at SEI CMMI-Level 5, and are also ISO 9001:2000 and TickIT certified.
Founded in 1990 Hexaware today maintains seven state-of-the-art development centers â€“ four in India and one each in Germany, USA and Mexico, and offices in North America, Europe and Asia Pacific, and employs around 6000 workers globally. Hexawareâ€™s centers comply with the crucial quality and security best practices â€“ SEI CMMI Level 5 and BS 7799.
In 2006, Hexaware acquired FocusFrame, a US based specialized testing consulting firm, in an all cash deal for $34.3 mn. FocusFrame is a California-based firm specializing in automated testing of ERP and custom applications. Their business revolves around systems verification, Quality Strategy and IT Governance solutions, and various functional, performance, and system stress verification exercises. The Company completed the integration of the Quality Assurance and Testing Services(QATS) operations of FocusFrame with Hexaware in early 2009.
Hexaware launched a joint venture Risk Technology International Limited in 2007. In the first quarter of 2009, Hexaware acquired the remaining stake from its JV partner Pemtrad International, to convert RiskTech into a wholly owned subsidiary.
Hexaware is committed to quality and its development centers are assessed at SEI CMMI Level 5. It is also certified ISO 9001:2000, BS 7799, TickIT and SAS 70 Type 1. Hexaware has been certified as PCI DSS 1.2 (Payment Card Industry Data Security Standard) compliant. Payment Card Industry Data Security Standard is a data security standard promoting confidentiality of card holder data and facilitating the broad adoption of consistent data security measures globally.
It provides enterprise solution such as Peoplesoft, SAP, Oracle applications, JDE and Siebel. It has partnered with Microsoft to provide end to end solutions by using Microsoftâ€™s Technologies.
Hexaware's global operations are located in North America, Europe and Asia Pacific. It is also listed on Luxembourg stock exchanges.
Banking and Financial services- Under this it offers services in areas like asset management, corporate banking, retail banking and leasing. It provides wide range of services such as eagle, calypso, murex, temenos, GL trade, etc.
Insurance services- The company provides services in areas of underwriting, policy administration, claims administration and agency compensation. Under this it has created HexSOAF.
Travel transportation and logistics- It provides services to industries like Airlines and Airports, Travel and hospitality and Logistics. It provides solution like business analytics, Airlines MRO solutions, revenue accounting system, RFID Solutions etc. For Airline BPO services to offers caliber point business solutions.
2014Launch of Manufacturing VerticalLaunch of HCM service offering
2013Hexaware opens delivery centre in SingaporeWins large IT+BPO Multi Million Dollar deal for a Logistics Major in APACWins the Application Partner of the Year 2013 â€“ HCM Cloud [Asia Pacific]Wins Top 100 CISO AwardListed among Asiaâ€™s 200 Best Under a Billion on ForbesWins the first client in OTMWinner of Top 100 CISO Award 2013.Winner of BPO Excellence Awards 2012- 2013 [Subsidiary : Caliber Point].
2012Launches several offerings through SaaS model leveraging Cloud Solutions, Mobile Testing Solutions as a new service offering in Enterprise MobilityRanks in International Association of Outsourcing ProvidersÂ® (IAOPÂ®) Global Outsourcing 100Â® listWinner of the prestigious UK Oracle User Group PeopleSoft Partner of the Year Award for the year 2012.
2011Wins a USD 250 mn contract - largest for the Company till dateSigns USD 177 mn contractWins Golden Peacock Award for Excellence in Corporate Governance
2010Expands reach to 20 countriesSigns the first USD 100+ mn contractEstablishes Global Delivery Centre in Bengaluru, IndiaGlobal Platinum Partnership with Oracle