♠ Posted by Unknown at 00:32
Hexaware Technologies Limited has announced today that the Company has signed a contract estimated at USD 250 million, with an existing client headquartered in United Kingdom for an additional 5 years starting January 2012. The value of the contract, projected at a quarter of a billion, is the single largest agreement signed by Hexaware till date.
Hexaware has been associated with this leading multi-billion enterprise for over seven years, and this contract further increases its share of wallet with the client. Through this contract, the Company will have an estimated USD 60 million worth incremental business. This engagement has been structured to enable Hexaware to offer its services to newer geographies spanning across Americas, Europe and Asia Pacific. The additional revenues from this engagement will begin to accrue from the first quarter of 2012. This contract is expected to improve offshore ratio over the term of the contract.
“Over the last six quarters, Hexaware has won 6 large deals each in excess of USD 25 million out of which 3 are over USD 100 million. Cumulatively these 6 deals are worth over USD 600 million. This proves our ability to win complex engagements in a highly competitive environment. This further reflects our focus on strategic account management and our ability to provide value to our clients.” said, Atul Nishar, Chairman, Hexaware Technologies. Read More
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