Hexaware Technologies expands its BPS Services; opens 2nd delivery center in Chennai

India Infoline News Service | Mumbai | December 05, 2016 09:55 IST

The addition of this center in its global delivery network will further strengthen the Company's delivery capabilities in providing accelerated business process solutions for clients across industries and various geographies.

Hexaware Technologies Limited, a leading global provider of Application, Infrastructure, BPS and Digital services, announced the expansion of it BPS Services with a second delivery center in Chennai, India. The addition of this center in its global delivery network will further strengthen the Company's delivery capabilities in providing accelerated business process solutions for clients across industries and various geographies.
 
The inauguration was hosted by Allison Kirkby, Chief Executive Officer, Tele2, one of the leading European telecommunications operators. Hexaware has been a trusted partner for Tele2 since 2011. Over the years, Tele2 has become one of Hexaware's strategic customers and among its top 3 customers in Europe. Together, Hexaware and Tele2 have partnered in various successful strategic undertakings. In the last 6 years this partnership has grown to include IT, customer & network operations and  IoT/M2M.
 
Located in the Special Economic Zone, this 1400 seater state of the art delivery center is set to deliver high value and domain specific services for global clientele across verticals. Intelligent Process Automation has rapidly emerged as a non-invasive change enabler with the power to disrupt the shared services operating models and has dramatically drive down cost of operations. Hexaware's inimitable Digital Managed Services (DMS) platform provides seamless automation experience addressing people, process and technology needs enabling Shared Services Centers to embrace Digital  Labour.
 
"The opening of the new delivery center is in anticipation of continued growth we are experiencing in the marketplace, as we continue to invest in our capabilities to service our customers in line with our Shrink IT, Grow Digital strategy. We are also delighted to have Tele2 with us today. We see tremendous potential in leveraging our synergies for the benefits of our clients." said R Srikrishna, Chief Executive Officer, Hexaware Technologies Limited.
 
"I am happy to have been a part of the inauguration of Hexaware's new Delivery Center. Tele2 is a company driven by a challenger spirit, flexibility and a will to always do better and I see the same qualities at Hexaware, making them a great partner to support us in creating value for our customers." said Allison Kirkby, Chief Executive Officer, Tele2.
 
The new center will deliver mission critical back office and front office services to global clients from varied industries including Telecommunication, Banking & Financial Services, Healthcare, Retail and Professional Employer Organization.

Stock View:
 
Hexaware Technologies Ltd is currently trading at Rs 202.65, up by Rs 0.1 or 0.05% from its previous closing of Rs 202.55 on the BSE.
 
The scrip opened at Rs 201 and has touched a high and low of Rs 204.4 and Rs 200.3 respectively. So far 152391(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6117.58 crore.
 
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 273.6 on 17-Mar-2016 and a 52 week low of Rs 178.1 on 17-Oct-2016. Last one week high and low of the scrip stood at Rs 210.75 and Rs 199.9 respectively.
 
The promoters holding in the company stood at 71.23 % while Institutions and Non-Institutions held 17.08 % and 11.39 % respectively.
 
The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

 

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