Hexaware

However, Mr. Aggarwal said the pipeline of outsourcing deals continues to remain strong for Hexaware.

Hexaware Expects Healthy Sales Growth Dhanya Ann Thoppil 2011

Mumbai-based Hexaware provides database software and testing services largely to the financial services and insurance sectors and is one of the fastest-growing medium-sized companies in India.

Hexaware Expects Healthy Sales Growth Dhanya Ann Thoppil 2011

In a statement, Hexaware said it has received new business worth $100 million through the deal.

Hexaware Signs $177 Million Contract With U.S. Client Kenan Machado 2011

The string of orders at Hexaware comes amid concerns of outsourcing demand slowing down after a sustained deterioration in the global economic environment.

Hexaware Expects Healthy Sales Growth Dhanya Ann Thoppil 2011

MUMBAI – Indian software company Hexaware Technologies Ltd. Monday said one of its existing clients in the U.S. has extended a technology outsourcing contract for five more years in one of its largest ever deals, with potential revenue of $177 million.

Hexaware Signs $177 Million Contract With U.S. Client Kenan Machado 2011

Mumbai-based Hexaware, which provides database software and testing services mostly to the financial and insurance sectors, is one of the medium-sized Indian software exporters to have struggled to recover from the global slowdown of 2008.

Hexaware Signs $177 Million Contract With U.S. Client Kenan Machado 2011

News of the deal pushed Hexaware shares higher Monday.

Hexaware Signs $177 Million Contract With U.S. Client Kenan Machado 2011

Under the latest deal, Hexaware will offer enterprise resource planning services, application development and maintenance as well as business process outsourcing services to the client from 15 locations, it said.

Hexaware Signs $177 Million Contract With U.S. Client Kenan Machado 2011

The deal is likely to start adding substantially to revenue from the 2012 first quarter ending March 31, Hexaware Chairman Atul Nishar told reporters at a conference.

Hexaware Signs $177 Million Contract With U.S. Client Kenan Machado 2011

MUMBAI -- Hexaware Technologies Ltd. expects to continue its healthy sales growth in 2012 despite global economic uncertainties, as some of the largest-ever outsourcing contracts it signed earlier this year start contributing to revenue and as billing rates remain stable.

Hexaware Expects Healthy Sales Growth Dhanya Ann Thoppil 2011