HEXAWARE : RUSI BRIJ
Changing fortunes...
When 55 out of your total 166 clients belong to the elite of Fortune 500/ Global 500 list, the company can only grim from ear to ear.
Here’s what Atul Nishar, Executive Chairman,
Hexaware Technologies has to say: “The external demand environment continues to remain favourable. Though quarterly revenues have reduced marginally, but the outlook for the next year looks positive. Strong momentum in signing of new deals and an increased hiring represents excellent visibility for next year’s growth. Of the $100 millions new order book, almost $55 millions will be accrued in 2008.”
Rusi Brij, VC and CEO states similar. “In order to maximise client mining opportunities, the company has recently trimmed its client roster by 20 clients to defocus from marginal billing clients. Though this has marginal impact on Q4 revenues, the total value of the current pipeline exceeding $150 million is likely to get decided by early 2008,” he explains. Further, to add more value to its operations, Hexaware inaugurated its second development center in Saltillo, Mexico on October 31, 2007. Through its Mexico facilities, the IT major seeks to serve its clients in America and Canada who fall in the same time zone, albeit in a more cost effective manner. Hexaware might have been able to scale great heights in the past year and is going strong this year too, yet the only hurdle could be the sub-prime crisis plaguing a lot of clients.
Changing fortunes...
When 55 out of your total 166 clients belong to the elite of Fortune 500/ Global 500 list, the company can only grim from ear to ear.
Here’s what Atul Nishar, Executive Chairman,
Hexaware Technologies has to say: “The external demand environment continues to remain favourable. Though quarterly revenues have reduced marginally, but the outlook for the next year looks positive. Strong momentum in signing of new deals and an increased hiring represents excellent visibility for next year’s growth. Of the $100 millions new order book, almost $55 millions will be accrued in 2008.”Rusi Brij, VC and CEO states similar. “In order to maximise client mining opportunities, the company has recently trimmed its client roster by 20 clients to defocus from marginal billing clients. Though this has marginal impact on Q4 revenues, the total value of the current pipeline exceeding $150 million is likely to get decided by early 2008,” he explains. Further, to add more value to its operations, Hexaware inaugurated its second development center in Saltillo, Mexico on October 31, 2007. Through its Mexico facilities, the IT major seeks to serve its clients in America and Canada who fall in the same time zone, albeit in a more cost effective manner. Hexaware might have been able to scale great heights in the past year and is going strong this year too, yet the only hurdle could be the sub-prime crisis plaguing a lot of clients.
Source : IIPM Editorial, 2008
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