Hexaware Tech revenue to grow at 12-14% next fiscal: Fitch

17 January 2022

Fitch Ratings has projected Hexaware Technologies' revenue to grow at 12-14% in the next fiscal and said the company has a "positive" credit outlook. The agency has assigned India-based Hexaware Technologies long-term foreign- and local-currency issuer default ratings (IDR) of 'BB-' and said the Outlook is positive. Fitch declared that Hexaware has strong execution ability and exhibited stronger growth than peers. It has solid long-term relationships with key customers because of moderate-to-high switching costs, differentiated product offerings and high customer satisfaction.