Today Hexaware Technologies shares climb 5%

Shares of Hexaware Technologies rose nearly 5% to close at ₹558.75 on August 24, after touching an intraday high of ₹574.85, as the IT services firm outlined bold plans to capture a larger slice of the artificial intelligence opportunity. The stock reacted positively following the company’s AI Day event in Chennai, where management detailed strategies to generate new revenue streams while boosting profitability. CEO R Srikrishna noted that more than 50% of Hexaware’s revenue and work is already AI-infused, with over 900 agents in production and 70% of delivery AI-assisted. Hexaware is targeting a net new AI total addressable market exceeding $300 billion. The company aims to replace traditional SaaS workflows with AI-native, client-owned solutions and is aggressively chasing deals above $100 million while targeting a 30% win ratio. Its dual strategy includes a “Zero Friction Enterprise” framework addressing vulnerabilities, tech debt, backlogs, defects, tickets and software licences, alongside “AI for Business” initiatives focused on solving complex problems and entering adjacent markets such as healthcare and life sciences, where it has developed 238 use cases.