Hexaware Technologies Ltd.

BSE: 544362 | NSE: HEXT
Mid Cap | IT - Software
795.10
39.30 (5.20%)
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Hexaware Technologies gains on expanding Delivery Center at Mexico

Date: 14-03-2013

Hexaware Technologies is currently trading at Rs. 89.55, up by 0.60 points or 0.67% from its previous closing of Rs. 88.95 on the BSE.

The scrip opened at Rs. 88.75 and has touched a high and low of Rs. 89.80 and Rs. 88.35 respectively. So far 25,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.00 on 14-Sep-2012 and a 52 week low of Rs. 72.60 on 25-Jan-2013.

The current market cap of the company is Rs. 2,657.00 crore.

The promoters holding in the company stood at 28.12% while Institutions and Non-Institutions held 46.11% and 18.59% respectively.

Hexaware Technologies, a leading global provider of IT, BP0 and consulting services has inaugurated its third Global Delivery Center (GDC) in Saltillo, Mexico. This expansion in the facilities will allow Hexaware to hire 85 IT engineers in the coming months to add to the current employee strength of 300 at the existing Software Development centers. The new Development center will focus on providing IT services for clients in business segments such as Quality Assurance & Testing (QATS), Business Intelligence and Anaiytics (BI/BA), Remote Infrastructure Management Services (IMS) and domain-based offerings in Banking & Financial Services Vertical. Currently, the Global Delivery centers at Mexico serve over 30 customers and deliver over 100 active projects.

The company has extensive experience in managing large IT applications in real time as well as in providing high value services around packaged enterprise applications such as SAP and PeopleSoft and Business Intelligence and Anakitics. Hexaware's experience in the Quality Assurance as well as in Business Process Outsourcing arena fully complements and strengthens its service spectrum and allows it to operate as an enterprise-class solution delivery company. Hexaware's solutions aim to provide high value by optimizing cost of ownership of technology investments for its customers.

The new addition to its global delivery centers addresses the needs of its US based customers from the same time-zone location and at the same time helps to make further inroads into the rapidly growing Latin American IT market. Besides the centers in Mexico, Hexaware also has a presence in Brazil and Global Delivery Centers in Mumbai, Chennae Pune, Nagpur and Bengaluru in India and in the United States of America.

Hexaware Technologies is IT and Process outsourcing service provider in global space. It delivers services to industries like Banking and Financial, Insurance and Travel transportation and logistics.