Hexaware takes part in TSAM Congress and Expo

Date : June 19, 2014
Venue : New York
Website : https://www.osneybuyside.com/tsam-na

The TSAM Congress & Expo is one of the biggest worldwide buy-side event focussed on enhancing viability and efficiencies of Investment Management organizations. With 6 co-spotted tracks, 400+ actively present people and noteworthy line-up of 100+ speakers and industry pioneers, it is exceptionally helpful for profesionals concentrated on best practices in data management, customer reporting, execution and risk management

Hexaware Technologies welcomes you to this discussion with line-up of some most applicable points in Investment Management with heading C-level stakeholders and influencers to take part in exchanges on the business' present state and future. With heavyweight speakers speaking to associations including any semblance of Alliance Bernstein, Franklin Templeton, Invesco, BNP Paribas, you're ensured to get notification from the business' best in the not so distant future.

Go along with us on June 19 at New York Marriott where Hexaware will be displaying at Booth #18 and figure out how Hexaware conveys inventive methodology for investment data management solutions. We will divulge a range of offerings for Buy-side firms blanket Value added & Technology answers for location business challenges. Hexaware with its strategic partner Marklogic Corporation has been welcome to talk on theme.

Introducing disruptive technology to deliver buy side enterprise data management solutions

Click Here to know more about TSAM Congress & Expo, NY

Click here to meet Hexaware representatives at Conference

VP and Head HR Mr Stanley George, Hexaware - ICTACT Bridge 2013

Mr. Stanley George, VP and Head HR (South India), Hexaware Technologies Ltd, helped the discourse by delivering his wide encounter in the business experience and his setting adjusted itself to upgrading the education system to be a proliferating arena for the ambitious people in understudies and therefore assemble future India. Distinguishing the workable spots in education that need improvement and teaming up with the business is fundamental to address them could be the right way towards enhancing the quality of the student populace. It could be basic in making the understudy group creative and independent to face the challenges in the society.

IT, BPO firm Hexaware Tech ties up with Comparex India

IT, BPO firm Hexaware Tech ties up with Comparex India

Hexaware Technologies, a leading provider of IT, BPO and consulting services, on Thursday announced that it has entered into an strategic alliance with Comparex India.

The alliance will enable Hexaware to utilise Comparex’s services to expand its territory of business and jointly deliver market-leading technologies for enterprises looking to increase the efficiency and derive maximum business value from technology investments. Comparex can leverage the technical expertise of Hexaware to strengthen its business across various platforms.

“Hexaware is a Gold certified partner with Microsoft and has successfully completed many large-scale projects across the globe in the areas of Windows migrations and Lync/O365 implementations. Hexaware has forged a strategic alliance with Comparex to open new doors of opportunity by leveraging our strategy and strengths,” says Nataraj N, CIO & global head – Infrastructure Management Services, Hexaware Technologies. “Through this alliance Hexaware and Comparex can offer a wide range of services and solution to clients, who can take advantage of our unique value proposition and solutions,” he added.

Hexaware’s vast experience in application services and managing hybrid Infrastructure environments brings a perfect understanding of how these pieces can be stitched together to provide ultimate end-user experience. The firm offers end-to-end remote infrastructure management services and solutions focusing on key domains like banking, financial services, insurance, travel, transportation, logistics, manufacturing, life sciences and healthcare, the company said.

“Hexaware has a deep background in providing IT related services and we have deep background in global software management and licensing across the 29 countries in which we operate. We see tremendous potential in leveraging our synergies for the benefits of our customers worldwide,” said John Havlick, executive vice president of Americas & Asia Pacific, Comparex.

Comparex is a global IT service provider specialising in software procurement, license management and technical product consulting, the statement said.

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Hexaware sees strong order pipeline; 20% growth: Nishar

Atul Nishar, chairman, Hexaware, says that we remain quite positive on growing at 20% or more. We feel that if the situation improves with US elections and no debacle in Europe then the environment could only improve.

Atul Nishar, chairman, Hexaware , says that we remain quite positive on growing at 20% or more. We feel that if the situation improves with US elections and no debacle in Europe then the environment could only improve.

He also says that currently there are five deals in the pipeline and one is in the advance stage. The deals are spread across from the United States and Europe, and across major verticals like capital markets, travel and emerging verticals. And in the last nine quarters the company has signed seven large deals.

Below is the edited transcript of his interview to CNBC-TV18.

Q: Hexaware recently had a deal and there have been reports or analyst notes which suggest that the company is in conversation with potential clients for four deals and one is in advance stages. Do you think something could fructify in the near-term?

A: Currently, there are five deals in the pipeline and one is in the advance stage. The deals are spread across from the United States and Europe, and across major verticals like capital markets, travel and emerging verticals. And in the last nine quarters we have signed seven large deals.

Q: Are billings under pressure even if the deals are coming? Are they coming from tight fisted managements?

A: In over last two years, we have marginally improved our average billing on both on onsite and offshore. We don’t see any pressure on pricing on the IT industry. Repeatedly, we have guided that our pricing should be assumed to be stable.

The important point is that the client want value, greater performance, result oriented projects and fixed priced or greater commitment by off shoring companies.  Clients do want to cut their costs and get more value, but they also know if it is all done at the cost of the service provider, it will not sustain that particular situation.

Q: How much do you think is Nasscom’s 13-14% growth target under threat? What might it fall to half or high single digits?

A: Nasscom has guided for 11-14% and it is a wide enough range. In the industry we saw that some companies like mid-sized companies and companies who are scale players have also done very well. It is a mixed reason. We have seen more client specific issues coincidence for downsizing for whatever reason that may dent revenue that doesn’t mean they will not be able to grow in future.  

Q: Do you think Nasscom will hold the lower end of their 11% range?

A: That is the current optimism. So, there is no reason to believe that there is material change from the guided number.

Q: The one concern around Hexaware has been for some time that you have seen an improvement in margins, but going forward it would come under pressure because in Q3 wage hikes are expected to shave off margins to a certain extent. How do you respond to that?

A: In Q2, ours being calendar year, Hexaware reported 22.9% EBITDA which was higher than Q1. We gave normal 10% increment to all our off shore employees. The impact was absorbed in our margin and in spite of that the margin improved.

We also absorbed the significant visa costs that traditionally come in that quarter. In the coming quarter there will be onsite increase in wages. For off shore workers the date of increment is April 1 and for onsite employees the date is July 1, which remains unchanged. And we feel with this we can guide stable margins.

We are proud that at Hexaware, we have grown at higher than the industry average at good margins. We don’t believe in taking new deals by compromising on margins in any manner.

Q: So at this juncture you don't want to change your guidance of 20% dollar revenue growth any which way, up or down?

A: We remain quite positive on growing at 20% or more. We feel that if the situation improves with US elections and no debacle in Europe then the environment could only improve. 

 

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show »

 

 

Short-term contracts give mid-cap IT cos new lease of life

With the duration of outsourcing deals getting shorter, deals worth nearly USD 85 billion are up for renegotiations this year, reports CNBC-TV18’s Shreya Roy.

Midcap IT players may get a new lease of life. With the duration of outsourcing deals getting shorter, deals worth nearly USD 85 billion are up for renegotiations this year, reports CNBC-TV18’s Shreya Roy.

Over the last few years, uncertain times have forced IT companies to go in for more short-term contracts. For mid-cap IT companies, this may have been a blessing in disguise.

Data from outsourcing advisory firm TPI says that around 700 contracts will be up for renegotiations this fiscal year, compared to 530 last year.

“There is a significant reduction in the tenure of contracts as they were originally signed. Compared to 10 years ago, when 500 of these were being done, there are 1000 a year. The tenure has gone down to five years instead of seven, so a lot of deals are naturally coming back to the market as renewals. In itself, this is a very large opportunity,” said Siddharth Pai, partner and MD at TPI India.

For many IT players, this may be just what the doctor ordered. After all, renewals account for almost 65% of the outsourcing market. Advisory firm Everest estimates that by October 2013, deals worth nearly USD 85 billion will be up for renewal.

These include a contract between HP and Bank of America, a mega deal from Shell group which is currently with AT&T, HP, and T-Systems, a blue cross blue shield deal with Dell and Manu Life's deal with IBM.

Many of these contracts are expected to be broken up into smaller chunks, as outsourcers are looking increasingly towards multi-sourcing. Analysts say this could work in the favour of the smaller players, especially those like Mindtree and Hexaware, which have been focusing on developing niche capabilities to help differentiate from larger players.

 

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Excerpts from India Business Hour on CNBC-TV18 Watch the full show »

Welcome back … Good Times!

As the winter recedes and spring is ready to bloom in the northern hemisphere – the fears of doom and gloom recede too. If one looks at the IT Industry worldwide with lens of India-based software service providers, the sense of déjà vu is back. Fond memories of the good times come rushing back.

Now you may ask; what makes me say this?  After a dismal period ranging from late 2008 to early 2010; the tide has turned. After few years, this could well be the first year where Fortune 500 companies may have a year-on-year increase in their planned IT Spend. Further, the stress that had engulfed everyone from the Wall Street to the Main Street and everyone in the middle has dwindled and the early signs of a return to growth have clearly emerged. The visible trends, sound bites cuts across most industry verticals which further reinforce the confidence that IT Industry could register healthy growth in 2011.

You could also ask me; have we gone to the good old days again? I would say – Well, that is where we want to go but we are not there yet. While the mood is buoyant, all the pieces of the jig saw puzzle have not fallen into place yet. There are pockets of concern particularly in continental Europe which are still battling sovereign debt, geo-political uncertainties in Middle East, North Africa and natural calamities in Japan. Hence, it may take a little while longer for all the regions to buzz in unison. Having sounded the cautionary tone, the mood has certainly swung in favor of committing investments; driving growth and leveraging the winds of change.

If you agree with this, you may ask – what does the return to growth mean to me? It certainly signals good times! It means the activity levels will remain high. New clients will be added. New deals will be signed. The clients will reap the benefits of IT Outsourcing and the Service Providers will deliver value. The economics will work in favor of both economies and the employees at both sides will be happy to see more greenbacks (or whatever the color of your currency).

So, join me in ushering in the Good Times again!

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The author of the piece is: Sreenivas V. He is the Chief Strategy Officer at Hexaware Technologies Limited. The contents on the blog above are his personal views.

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