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Hexaware Technologies bags largest contract till date worth $250 million

Hexaware Technologies Ltd. | IT - Software | IT & ITES | BSE: 544362 | NSE: HEXT

15 Nov 2011 Evaluate

Hexaware Technologies, a leading global provider of IT, BPO and consulting services has signed a contract estimated at $250 million, with an existing client headquartered in United Kingdom for an additional 5 years starting January 01, 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 increase its share of wallet with the client. Through this contract, the company will have an estimated $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 $25 million out of which 3 are over $100 million. Cumulatively these 6 deals are worth over $600 million. Further, as a part of this engagement, Hexaware will continue offering services to this Strategic customer that cut across the following horizontals -Enterprise Solutions (ERP), Business Intelligence / Business Analytics (BI / BA), Quality Assurance and Testing Services (QATS), Application Management Services (ADM) and Remote Infrastructure Management Services (IMS).

Under this contract, Hexaware is expected to ramp the team up to a peak size of 800 personnel operating under Dedicated Global Delivery Centers. It is envisaged that Hexaware will offer Information Technology (IT) services from its centers in Chennai, Mumbai, Pune and Mexico.

Hexaware Tech. Share Price

495.30 -1.35 (-0.27%)

17-Apr-2026 16:59 View Price Chart

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Hexaware Technologies bags largest contract till date worth $250 million

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