Hexaware Named a Top 15 Sourcing Standout by ISG

Rhea-AI Summary

Hexaware Technologies (Symbol: III) announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG) in the 2Q 2026 Global ISG Index™. Hexaware ranked in the Breakthrough 15 category globally and in the Americas, based on annual contract value won over the past 12 months.

The recognition reflects Hexaware’s performance in traditional sourcing and as-a-service markets. According to the company, recent growth has been supported by demand in financial services, banking, insurance, healthcare and manufacturing, and by its AI-native platforms RapidX®, Tensai®, Amaze® and Agentverse™.

Market Context

Historical event 1086736 was followed by a 0.52% 24-hour reaction. That record places the Hexaware r...

Analysis

Historical event 1086736 was followed by a 0.52% 24-hour reaction. That record places the Hexaware recognition alongside varied ISG announcements; the company-submitted basis provides context, while no Hexaware financial outcome is quantified here.

Key Figures

Sourcing ranking: Top 15 Reporting quarter: 2Q 2026 Index history: 95th consecutive quarter +4 more

7 metrics

Sourcing ranking Top 15 ISG 2Q 2026 Global ISG Index

Reporting quarter 2Q 2026 Global ISG Index

Index history 95th consecutive quarter ISG Index review

Big 15 revenue threshold More than $10 billion ISG provider category

Building 15 revenue range $3 billion to $10 billion ISG provider category

Breakthrough 15 revenue range $1 billion to $3 billion ISG provider category

Booming 15 revenue threshold Less than $1 billion ISG provider category

Historical Context

5 past events · Latest: Jul 28 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 28	Industry report release	Positive	+3.4%	ISG reported enterprise migration toward software-defined networks supporting cloud, multicloud, and AI workloads.
Jul 27	Research study launch	Positive	+4.0%	ISG launched research evaluating more than 75 enterprise managed network service providers.
Jul 27	Industry report release	Positive	+4.0%	ISG highlighted public-sector adoption of AI-enabled workplace strategies and digital employee experience metrics.
Jul 24	Research study launch	Positive	+0.5%	ISG launched research covering multicloud FinOps, observability, and security platforms.
Jul 24	Research study launch	Positive	+0.5%	ISG launched research on AI-enabled contact center and customer experience service providers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

All five listed ISG news events were followed by positive 24-hour price reactions, ranging from 0.52% to 4.02%.

Key Terms

annual contract value (acv), iaas, saas

3 terms

annual contract value (acv) financial

"based on annual contract value (ACV) won over the last 12 months"

Annual Contract Value (ACV) shows how much money a company expects to earn in one year from a single customer’s contract. It helps businesses understand the size and value of their customer relationships, much like knowing how much a subscription or membership costs each year. This metric is important for measuring growth and planning future sales.

iaas technical

"including IaaS and SaaS providers"

Infrastructure as a Service (IaaS) is a cloud computing model that lets companies rent computing resources—like servers, storage, and network capacity—on demand instead of owning hardware. For investors, IaaS matters because it enables faster scaling, lower upfront costs, and predictable operating expenses for businesses, which can boost growth potential and margins; think of it as paying to use a utility grid rather than building your own power plant.

saas technical

"including IaaS and SaaS providers"

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ISELIN N.J., Aug. 4, 2026 /PRNewswire/ -- Hexaware Technologies (NSE: HEXT), an AI-first digital and IT services company, today announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a global AI-centered technology research and advisory firm.

Hexaware was among the leading providers in the Breakthrough 15 category globally and for the Americas region based on annual contract value (ACV) won over the last 12 months, according to the 2Q 2026 Global ISG Index™.

Now in its 95th consecutive quarter, the ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Each quarter it names the top 15 commercial providers in the Big 15 (revenues of more than $10 billion), Building 15 (revenues between $3 billion and $10 billion), Breakthrough 15 (revenues between $1 billion and $3 billion) and Booming 15 (revenues of less than $1 billion) categories in the Americas, EMEA and Asia Pacific regions. Each Top 15 category includes providers that compete in the traditional sourcing market, as well as those that compete in the as-a-service market, including IaaS and SaaS providers.

"Being named a Top 15 Sourcing Standout again this quarter reflects the confidence our clients place in Hexaware to help close the distance between where their business stands today and where they want it to be. Over the past year, our teams have concentrated on removing sources of friction across the enterprise, from platform modernization to operations to putting AI to work at the core of everyday business. This continued recognition is a credit to our people around the world, who bring strong expertise and a client-first approach to every engagement," said R. Srikrishna, CEO & Executive Director, Hexaware.

Hexaware's growth over the past 12 months has been driven by strong demand across its priority industries such as financial services, banking, insurance, healthcare, and manufacturing. The Americas remained a strong region for new business, with expanded enterprise client relationships and continued investment in AI-native offerings across cloud, data, and application modernization. Hexaware's proprietary platforms such as RapidX®, Tensai®, Amaze®, and Agentverse™ have helped clients embed AI into their core operations and adopt outcome-based delivery models with confidence.

Hexaware's inclusion in the ISG Index™ is based on data the company submits to ISG each quarter.

"The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry," said Paul Reynolds, Chief Research Officer of ISG. "Hexaware continues to establish itself as a leading and growing player in the global market for technology and business services, based on its volume of business in relation to other industry providers."

About ISG

ISG (NASDAQ: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data and research, in-depth knowledge and governance of provider ecosystems, and the expertise of its 1,500 professionals worldwide working together to help clients maximize the value of their technology investments.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

 

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SOURCE Hexaware Technologies Limited

FAQ

What does Hexaware’s Top 15 Sourcing Standout recognition mean for III shareholders in 2026?

Hexaware’s Top 15 Sourcing Standout status signals strong recent contract wins and market visibility. According to Hexaware, the ranking is based on annual contract value secured over 12 months, highlighting demand for its AI-driven services across key industries and regions.

Why was Hexaware (III) included in ISG’s Breakthrough 15 category in the 2Q 2026 Global ISG Index?

Hexaware was named a Breakthrough 15 provider based on annual contract value won globally and in the Americas. According to Hexaware, this reflects its performance among providers with $1–$3 billion in revenues in both traditional sourcing and as-a-service markets.

Which regions and industries drove Hexaware’s performance recognized by ISG in August 2026?

Hexaware reports that the Americas remained a strong region for new business, supported by expanded enterprise relationships. According to Hexaware, growth over the last 12 months was driven by demand in financial services, banking, insurance, healthcare, and manufacturing, alongside investments in AI-native offerings.

How are Hexaware’s AI platforms like RapidX and Tensai linked to its ISG Top 15 recognition?

Hexaware states that proprietary platforms RapidX®, Tensai®, Amaze® and Agentverse™ help clients embed AI and adopt outcome-based delivery. According to Hexaware, these offerings have supported growth and contributed to the contract value performance highlighted in the ISG Index™ recognition.

What is the ISG Index and how does it rank companies like Hexaware (III)?

The ISG Index™ provides a quarterly review of sourcing industry data and trends, naming top 15 providers in revenue-based tiers. According to ISG, Hexaware’s inclusion is based on data submitted each quarter and its annual contract value relative to other providers.

Is Hexaware considered a leading global technology and business services provider after the 2Q 2026 ISG Index?

ISG’s Chief Research Officer stated that Hexaware continues to establish itself as a leading and growing player. According to ISG, this assessment is based on Hexaware’s business volume relative to other technology and business services providers tracked in the ISG Index™.