Hexaware ups revenue guidance for Q3 to USD 60 mn

The company, which had earlier forecast its revenue to be between USD 58 million and USD 59 million for Q3 2010, has also surpassed its annual headcount addition guidance of 1,000.

"With the enhanced revenue visibility on account of the large deals secured in Q2 2010 and the improving quality of the deal pipeline, we have surpassed the annual guidance of net addition of 1,000 employees in just eight months," Hexaware Technologies Chairman Atul Nishar said in a filing to the Bombay Stock Exchange.

Hexaware has added 1,115 employees in 2010, taking its global headcount to 6,252 as of August 2010.

It said the employee addition would enable the company deliver orders at hand and facilitate its participation in the demand uptake seen in the market, particularly in the Americas region.

The company is also upgrading the revenue guidance for Q3 2010 to a sequential quarter on quarter (Q-o-Q) revenue growth of 9.2 per cent and revenue for Q3 2010 is likely to be USD 60 million, he added.

The company added that it has recently set up a global delivery centre in Bangalore, with an initial capacity of 250 seats.

Shares of Hexaware Technologies rallied by 10.42 per cent to trade at Rs 79.45 on the Bombay Stock Exchange.