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IT major, Hexaware Technologies, is pursuing about half-a-dozen deals in the range of $ 25-30 million and hopes to seal at least a few in the next three months, a top company official said.
“We are in advanced stages of negotiations with some existing clients and hope to clinch a few deals this quarter. We are talking to some 5-6 customers - the deals are worth totally around $150 million at around $ 25-30 million each,” Hexaware’s Chairman, Mr Atul Nishar, told PTI here on Wednesday.
These are in the company’s core business segments of travel and transportation and capital markets, he said, adding the customers are US and Europe-based.
The company has put-up a healthy performance in Q4 FY 10 (financial year-ending December) with its revenues increasing 18.9 per cent at Rs 299.6 crore as against Rs 252 crore in the year-ago period. Its PAT for the period stood at Rs 39.6 crore as against Rs 36 crore in the year-ago period.
“There was an all-round growth and we exceeded our guidance for Q4. Our margins have also grown well,” Mr Nishar said.
The company expects an upward of 25 per cent growth in its top-line in FY 11. In FY 10, the company’s revenues grew to Rs 1,054.6 crore as against Rs 1,038.6 crore in the year-ago period.
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