Report
Ashish Chopra

MOSL: THE CORNER OFFICE (HEXAWARE TECHNOLOGIES) — Fuelling the growth engines-Supporting sustenance of revenue growth

THE CORNER OFFICE (Hexaware Technologies) Fuelling the growth engines; Supporting sustenance of revenue growth outperformance

 

Mr R Srikrishna, CEO & Executive Director

Mr R Srikrishna (Keech) is the CEO of Hexaware Technologies.

Prior to Hexaware, he served in HCL for over 20 years as the President of two units – Healthcare and Lifesciences and Infrastructure Services. He was instrumental in growing these units to multibillion dollar businesses.

Mr Srikrishna joined Hexaware in 2014. Since then, he is dedicated towards delivering world-class services to customers, and ensuring employee satisfaction, thereby creating and sustaining long-term profitable growth.

 We met Mr R Srikrishna, CEO of Hexaware (HEXW), to discuss the company’s strategic focus, given dramatic shifts in the consumption of technology services. Since the beginning of his leadership role at HEXW, the company has focused on transformation and has recently enhanced its strategy to define its journey over the next few years. Our key takeaways:

 Legacy pressures seen across the industry

  • Over the past three years, HEXW's revenue growth has outperformed that of peers on an organic basis, led by its 'Shrink IT, Grow Digital' strategy.
  • The burden of legacy has been weighing upon service vendors, to a larger extent for the larger ones, as deals erode in value to the tune of ~30% at the time of renewal.
  • HEXW too has exposure to legacy business - application management, on-premise ERP, manual testing and business intelligence.
Underlying
Hexaware Technologies

Hexaware is a global provider of IT and Process outsourcing services. Co. focuses on maximizing client returns from outsourcing and off-shoring. Co. manages IT applications in real time as well as providing high value services around packaged enterprise applications such as SAP and PeopleSoft. Co. maintains operations in business process outsourcing arena. Co.'s solutions aim to provide value by optimising cost of ownership of technology investments for customers. Co. maintains a client base comprising several Global 1000 organizations. Co.'s global operations are located in North America, Europe and Asia Pacific.

Provider
Motilal Oswal
Motilal Oswal

​Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance. 

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

Analysts
Ashish Chopra

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