Over the past three years, HEXW's revenue growth has outperformed that of peers on an organic basis, led by its 'Shrink IT, Grow Digital' strategy. The burden of legacy has been weighing upon service vendors, to a larger extent for the larger ones, as deals erode in value to the tune of ~30% at the time of renewal. HEXW too has exposure to legacy business - application management, on-premise ERP, manual testing and business intelligence. In each service line, however, it has been aggressively tilting towards newer areas, thereby reconstituting the portfolio. Agile development, cloud-based ERP, automated testing and analytics have been gaining a larger share in the overall mix