Hexaware announces contract worth $ 250 million

Hexaware Technologies Limited, a leading global provider of IT, BPO and consulting services has announced today that the Company has signed a contract estimated at $ 250 million, with an existing client headquartered in United Kingdom for an additional 5 years starting 1st January 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 increases 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.