Tuesday, February 16, 2010

Stock Idea : Hexaware Technologies Ltd

Stocks idea : Hexaware Technologies Ltd— BUY—75—INR
Sector — Software
Regd.Off.— 152, M.B.Park, Sector-3, Mahape, Navi Mumbai - 400710
Listed — NSE, BSE.
Company overview—
Hexaware is a global provider of IT and Process outsourcing services incorporated in the year 1990. It specializes in Enterprise solutions, Application Management, EAI, e-Commerce, and Embedded Systems. Hexaware has experience in managing large IT applications in real time as well as high value services around packaged enterprise applications such as SAP and PeopleSoft. Hexaware is organized along three main client-facing groups. These are: Global Competency Group, Service Delivery and Sales Geographies. It offers software services for the banking, finance, insurance, healthcare, transportation and hospitality industries. Company has offices in India in the cities of Chennai, Mumbai, Delhi and Pune. Hexaware’s global operations are located in North America, Europe and Asia Pacific. It also has a regional office in Princeton, New Jersey.
Products & Services—
Company provides its services to Banking & financial services, insurance, Transportation & Hospitality, Healthcare sector basically. Company provides services into architecture consulting, development, maintenance, re-engineering, integration, e-business services, SAP services, Oracle services, peoplesoft services, CRM, business intelligence, HR BPO services, HR IT services, HR consulting services, Design and support services etc. Hexaware is a global provider of IT and Process outsourcing services. It focuses exclusively on maximizing client returns from outsourcing and off shoring. Company have extensive experience in managing large IT applications in real time as well as in providing high value services around packaged enterprise applications such as SAP and PeopleSoft. Its experience in the business process-outsourcing arena fully complements and strengthens its service spectrum and allows it to operate as an enterprise class solution delivery company. Its solutions aim to provide high value by optimizing cost of ownership of technology investments for customers. Hexaware has a client base comprising several Global 1000 organizations. Its commitment is to provide solutions that translate into tangible business outcomes for customers. Its”partner-in-business” approach generates high business value for customers and rich dividends to Hexaware in the form of a continual stream of repeat business. Hexaware’s domain capability expertise and reduced learning curves enables significant compression in time-to-value deliverables. Company applies a robust Key Account Management process to find more ways to delight key customers and grow market share to further strengthens its customer-centricphilosophy.
Company's onsite / offshore delivery model provides significant cost savings. Its development centers are assessed at SEI CMMI-Level 5, and are also ISO 9001:2000 and TickIT certified. These help it to continually provide high value, high quality deliverables to its clients. Valuation—
Company is open to inorganic expansion and would consider any good buy in the remote infrastructure management and BPO spaces. With USD 79.5 million cash in hand, funding will not pose a problem and that the company is interested in companies in North America and Western Europe. At current market price, stock is trading at attractive valuation of 7.14 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy “Hexaware Technologies Limited” with medium to long-term investment horizon.
Source: Internet (Valuenotes by Abhishek Jain)

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