Hexaware Technologies: Higher growth compared to industry; Buy

Jainam Research | Jan. 21, 2019, 12:17 p.m.

Recommendation

Majority of the clients of Hexaware are below USD 5 million so any furlough in clients will not hit its revenue badly. Hexaware announced a global collaboration with Microsoft to accelerate cloud adoption by enterprises. Hexaware will use Azure in building solutions that improve reliability and reduce operating costs while transforming customer experiences. We recommend our Investors to “BUY" the stock with potential upside of 39% with Horizon of 3 years.



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