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Hexaware Targets 25% Topline Growth

21 Feb 2011 Evaluate

Buoyed by gradual recovery in the US and European economies and the consequent rise in spending on IT services, Hexaware Technologies is eyeing over 25% growth in its top line and a substantial accretion in its headcount in FY11. The company is in advanced stages of negotiations to seal about half-a dozen deals worth around $150 million.

The IT firm had clocked revenue of 1,054.6 crore in FY10 against 1,038.6 crore in the year-ago period. The company follows the January-December financial calendar. A healthy order pipeline backed by good client acquisitions, coupled with disappearing pricing pressure will further help the company. The company is pursuing 5-6-deals in $25-30 million range, totaling about $150 million.

Hexaware Tech. Share Price

495.30 -1.35 (-0.27%)
17-Apr-2026 16:59 View Price Chart
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