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.
