Mid-size IT solutions company Hexaware will add more than 100 fresh engineers during the current quarter to support the new orders it has won.
“The demand pipeline for IT engagements is starting to grow. We are seeing lot of activity in cloud, Enterprise resource and planning and package implementation space. We are chasing 3-4 large deals (more than $25 million), one of which we expect to close in the third quarter,” Hexaware President (North America) Rajiv Pant said.
The company has also won a $30-million contract from an existing customer last quarter.
The company expects the hiring momentum of the quarter to continue for the rest of the year, even though it did not provide specifics numbers. It would continue to hire both freshers and experienced hands in FY14, said R.V. Ramanan, Executive Director.
Hexaware, which follows a January-December accounting year, employs a total of 8,670 personnel.
The Mumbai-based company plans to dish out wage hikes to its India-based staffers in its third quarter. No call has been taken yet on the quantum of the hikes, Ramanan added.
For the first quarter ended March 31, Hexaware recorded a 10.3 per cent fall in net profit at Rs 79.3 crore as overhead costs mounted. It posted a net profit of Rs 88.4 crore for the same quarter a year ago.
The overall costs went up 22.9 per cent to Rs 316.2 crore (Rs 257.4 crore) on a year-on-year basis. Revenues rose 15.8 per cent to Rs 507.7 crore (Rs 438.3 crore).