Hexaware grows with the giants

Management at Mumbai-headquartered IT services firm Hexaware can feel justifiably proud of the company’s performance in 2012, a year in which growth – and in some cases margins – outstripped many of its much larger peers. Hexaware ended the year with revenues of $364m, 18% higher than in 2011 – all organic. Operating margins expanded by 3 points to 19.3%.

I understand that Hexaware’s growth in the UK could be even higher, which would put them near if not at the top of UK growth charts albeit off a relatively small base (c.£20m by my estimates). Even so, quite a result!