Hexaware Technologies Ltd. has launched an agentic AI tool that transforms SaaS with artificial intelligence to fix the “performance problem” faced by customers, even while going through the pain of developing its own.
Zero License, developed by a Navi Mumbai-based IT firm, replaces bloated SaaS workflows with agent AI “in months, not years,” according to a statement. It cuts software license costs, eliminates manual coding and simplifies complex stacks by making AI the primary execution layer. Maintenance is fast, upgrades are easy.
“Most organizations don’t have a tooling problem. They have an execution problem,” Sanjay Salunkhe, president and global head – digital and software services, Hexaware, said in the statement. “Zero licensing helps enterprises move from software that streamlines work to AI that actually works.”
Hexaware’s shift toward enterprise AI comes at a time when the company has shrunk, according to its latest quarterly results.
IT services firm’s revenue fell 0.2% in last three months ₹Rs 3,478.2 crore in the quarter ending December 31, 2025, despite contribution from AI cyber security firm Cybersolve, acquired in November last year. According to JM Financial, this underlines the underlying organic weakness.
Hexaware Q4 Results FY25 (Consolidated, QoQ)
- Revenue down 0.2% ₹3,478.2 crores
- 12.2% decline in EBIT ₹449.7 crores
- EBIT margin declined 178 bps to 12.9%
- Net profit increased by 1.4% ₹374.9 crores
One basis point is one hundredth of one percentage point.
In constant currency terms, revenues declined 1.4% in the October-December period, mainly due to adverse foreign exchange-related costs.
Nevertheless, Hexaware Technologies management believes that underlying demand has improved during the quarter with better decision making and strong dealmaking, but revenues are still down due to seasonality and customer-related factors. The October-December quarter is traditionally a weak one for Indian IT.
Hexaware shares fell 2.49% on Wednesday ₹571.95 per share on the BSE, while the benchmark Sensex ended the day 0.05% lower at 84,233.64 points.
