Hexaware Technologies Share Price Up Nearly 5%; Targets $3 Billion Revenue by 2029

Hexaware Technologies is targeting $3 billion in revenue by 2029, up from around $1.5 billion at present, as per The Economic Times news report.  

As per the report, Chief Executive Officer R Srikrishna said in an interview with Business Standard that the company expects artificial intelligence, business expansion and acquisitions to contribute to the increase. 

US Accounts for 73% of Revenue 

The United States remains Hexaware's biggest market, accounting for 73% of its revenue. The company is now looking to increase its presence in other regions, with West Asia, India and Australia forming part of its Asia-Pacific expansion plans. 

West Asia has been identified as an important market for the company's revenue target. The expansion may include acquisitions, while private equity partnerships are also being considered. 

AI and Changes in IT Spending 

Hexaware expects AI to change the way companies spend on technology. Enterprise IT budgets have traditionally been divided between employee costs, software licences and cloud infrastructure. 

Srikrishna said AI tokens are becoming another item in these budgets. As businesses increase their use of AI models, spending on tokens could become a regular part of technology expenditure. 

Focus on Existing IT Problems 

The company is using AI to address specific issues within enterprise technology systems. Its areas of focus include vulnerabilities, technology debt, pending work, service tickets, defects and software licences. 

Hexaware is also looking at whether AI can reduce the dependence on conventional Software-as-a-Service products. The company is targeting what it describes as "zero licences", alongside efforts to reduce the other operational issues. 

Zerovity Supports AI Delivery 

Zerovity is Hexaware's AI delivery layer and is used to coordinate work across enterprise IT systems. The company has placed it within its wider delivery model, which combines AI tools with human involvement. 

The approach is part of Hexaware's plan to use AI across client technology operations rather than only for tasks aimed at improving productivity. 

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Hexaware Technologies Share Price Performance  

As of August 24, 2026, 11:32 am, Hexaware Technologies Ltd share price was trading at ₹555.30, a 4.29% increase from the previous closing price. 

Conclusion 

Hexaware is aiming to double its revenue to $3 billion by 2029. The plan combines AI-based work, expansion in West Asia and other Asia-Pacific markets, and possible acquisitions. 

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