Subscribe for Hexaware Technologies Ltd IPO; Geojit Financial Services

Geojit Financial Services, has come out with its report on Hexaware Technologies Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on February 11, 2025.

Broker Research

February 12, 2025 / 11:01 IST

IPO

Geojit Financial Services, Hexaware Technologies Ltd

Hexaware Technologies Ltd. (HTL) is a global IT services company based in Navi Mumbai, India. They provide a wide range of technology solutions, including digital transformation, cloud services, data and AI, and IT operations. HTL provide both onshore and offshore IT services, which account for 57% and 43% in CY23. It has a global delivery presence spread across the Americas (71.5% revenue in CY23), Europe (22.1%) and APAC (6.4%). Hexaware helps businesses across various industries like financial services, healthcare, and manufacturing to improve their operations and customer experiences. The IT Services and Business Process Services (BPS) market is projected to reach ~₹343.0 trillion by CY29, with IT Services expanding at a CAGR of about 7.2% and BPS at around 2.5% over the CY2024-29E period. Hexaware's revenue increased from ₹7,177.7cr in CY21 to ₹10,380.3cr in CY23, recording a CAGR of 20.3%. This growth was largely attributed to a rise in the number of customers and higher revenue generation from existing clients.

Valuation and Outlook

With a consistent financial performance featuring better margins, the company is well -positioned for future success. We recommend subscribing to this issue for long-term investment.

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