MOSL: HEXAWARE (Neutral)-Delivering change for sustained outperformance
HEXAWARE: Delivering change for sustained outperformance
(HEXW IN, Mkt Cap USD1.6b, CMP INR374, TP INR390, 4% Upside, Neutral)
We attended Hexaware’s (HEXW) analyst day, where management shared the progress on its strategy of ‘Automate Everything – Cloudify Everything – Transform Customer Experience.’ Key highlights:
Mobiquity’s Digital prowess is expanding the opportunity set
- HEXW's recent acquisition of Mobiquity is meshing well with the current offerings of the company. Mobiquity has front-end domain expertise with offerings around strategy and experience design, while HEXW is strong in engineering and execution.
- This is creating ample opportunities for both the entities to pitch full stack experience to their respective client groups.
- Mobiquity has strong vendor and client relationships with AWS and Backbase, which is creating opportunities for HEXW in IMS and retail banking, respectively.
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.
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.
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