Another bumper quarter for Hexaware

Mid-tier, India-based IT/BP offshore services firm, Hexaware, rather put its larger peers to shame last quarter (to 31st March), reporting headline growth of 25% yoy and nearly 5% qoq, to $88m. EBIT margins are now 20.8%, very firmly in ‘Tier1 land’. The key for Hexaware, as it is for all the sub-Tier 1 players, is to find the gaps in the market which the giants step across - or indeed trip over. Judging from Hexaware’s numbers of late (and see Transformed Hexaware doing the business), there seem to be plenty of gaps for them to fill.