Hexaware Tech bags Euro 5 mn Geman contract
Hexaware bags Euro 5 mn Geman contract
Hexaware Technologies bagged a contract worth Euro 5 million from a leading German financial institution.
This is a major development project which entails building a new core application for the client. The scope of the build also involves integration of the new built solution with the back-end system involving three different businesses of the client. A fairly large J2EE programming team and Oracle experts have already been deployed on the project.
The company had set-up a global development centre in Bad Homburg, Germany in 2004.
Currently a team of over 110 professionals including domain experts are delivering solutions from this center to the German market. The European region contributes to about 27% of the global revenue.
Shares of the company declined Rs 0.5, or 0.41%, to settle at Rs 121.3. The total volume of shares traded was 33,675 at the BSE.(Thursday)
