Hexaware Technologies, a leading global IT service and solution provider, has become a silver sponsor for Duck Creek’s annual Formation event, 2023. The company is among the few to be honoured by the Innovation Award for OnDemand Enablement Tooling from Duck Creek Technologies. After becoming a silver sponsor of the prestigious Duck Creek Formation, the senior management, Milan Bhatt, EVP & Global Head, Healthcare & Insurance, Hexaware, said :
“Hexaware takes great pride in helping insurers with digital transformation using Duck Creek OnDemand SaaS-based insurance suite. Our solutions and services help P&C insurers globally to accelerate their cloud upgrade journey and launch a new line of business faster with assured stabilisation. Join us at our booth to hear from our experts on how our Duck Creek offering, award-winning solutions, and automation suite enables insurers to engage with their customers better and improve operational efficiencies.”
The event’s agenda is to bring together a community of people with insights, technology, and inspiration to build a better future. The event has four categories of sponsors. Hexaware Technologies Limited falls in the silver category, along with other sponsors, including Next Level Solutions, Yovant, Terasoft, LexisNexis Risk Solutions, Whatfix, and Verisk, to name a few. The global representation this sponsorship has given the company has also indirectly affected its share price. Currently, Hexaware Technologies Ltd unlisted share price is Rs. 580.
About Duck Creek Formation 2023
The Duck Creek Formation 2023, organised by Duck Creek Technologies, is an event that connects innovative minds and new trends across the tech industry to build together a new network and explore new standards in P&C and general insurance.
The idea behind the 3-day event is to showcase and bring innovations & technology trends and drive the next era of insurance. Duck Creek Formation 2023 aims to foster meaningful interactions that promote trust, earn loyalty, and create lasting value. The event has aligned more than 30 sessions with the leading industry professionals who will be sharing their insights on P&C insurance. The interactive sessions will showcase the solutions to enter and take advantage of the digital world.
The 3-day event has planned different sessions and events so that the participants have an equal opportunity to explore new networking possibilities for the business and attend valuable sessions to brush up on their business insights.
Duck Creek Technologies: An Introduction
Formed in Boston, Massachusetts, in 2000, Duck Creek Technologies is one of the leading providers of P&C insurance software and services all over the globe. The company works on the lines of redefining the future of property & casualty (P&C) along with the general insurance industry. The software company works on low-code solutions and innovative tools that provide a new gateway to better and more comprehensive industry-based solutions. The company offers a unique platform for insurance systems to leverage the power of the cloud and bring about efficient and intelligent insurance solutions.
The company provides a variety of intelligent solutions like Distribution Management, Duck Creek OnDemand, Duck Creek Reinsurance, Billing and Rating solutions, and Digital Engagement producers. The company also provides leading industry content along with market solutions available on both a standalone basis and in the full site and is available via Duck Creek OnDemand.
The company showed strong financials in the first quarter of the year 2023, an increase of 10% from the past year. The revenue in the first quarter of the fiscal year 2023 was $80.6 million. The subscription and maintenance & support revenues increased, while the company’s professional services and licence revenue showed a decrease in the profit percentages. Overall, the company’s performance is expected to be on the rise in FY2023.
About Hexaware Technologies Limited
Hexaware Technologies Limited is a public limited company incorporated on 1 May 1990. It is a global technology and business process services company with 54 offices in 19 countries providing services in the areas of Banking, Financial Services, Capital Markets, Insurance, Manufacturing, Retail, Education, Telecom, Professional services, and more.
The global IT and BPO service provider has shown significant financial growth in the past few years and has generated a record-high turnover in the year 2021 in the new customer business accounting for 380 million USD. The company’s market cap is Rs 16713.42 crore, and the paid-up capital accounts for Rs. 15,50,00,000. The company has a positive growth trajectory for the coming years as it is claiming global fame and financial progress.
Being associated with big names in the field, like the Duck Creek Formation, will give a significant representation to Hexaware Technologies Limited, and the company will propel on the growth journey. If you wish to be a part of Hexaware Technologies Ltd’s growth journey, buying unlisted shares is the best way out. Use the best platform to buy and sell unlisted shares and generate significant returns. Stockify is one such platform where you can get unlisted shares of well-established companies from various domains. The platform provides early access to the unlisted shares of blue chip companies not yet listed in the Indian stock market. So if you want to diversify your portfolio and get significant returns, then connect with us!