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Hexaware Technologies signs multi-year agreement worth $ 30 million of estimated revenue

04 Apr 2013 Evaluate

Hexaware Technologies, a leading global provider of IT, BPO and consulting services has signed a large deal with revenue estimated at $ 30 million, with an existing Fortune 500 client, headquartered in The United States for a period of 3 years. 

Hexaware has been associated with this leading multi-billion corporation for seven years, and this contract further increases its share of wallet with the client. Over the years, Hexaware has evolved to emerge as a key offshore partner for the client. This contract consolidates client IT spend across various business users and multiple technologies. Through this contract, Hexaware will have an estimated $ 5 million worth incremental business over the course of the deal. The revenues from this contract will begin to accrue with immediate effect as it also secures extension for the revenue streams from existing service lines for a 3 year period. An agreement like this gives clients greater predictability over their spend over the course of the deal while giving them greater agility to manage periods of ramp-up and ramp-down in line with business dynamics. 

As a part of this engagement, Hexaware provides services that cater to multiple business users across different technology platforms. The service lines include: Software Development and Application Services Management (ASM) through Microsoft, Java and Legacy Applications, Enterprise Solutions through PeopleSoft and SAP, Business Intelligence and Analytics (BI / BA), Quality Assurance and Testing Services (QATS), Remote Infrastructure Management Services (IMS) and Business Process Outsourcing (BPO). Having a single order, such as this, gives Hexaware greater predictability on the business volume and the client a greater visibility on their cash outflows and benefits from economies of scale.

Hexaware Tech. Share Price

463.45 7.00 (1.53%)
23-Apr-2026 16:59 View Price Chart
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