Hexaware Technologies has reported healthy performance for FY14. Their revenue shot up by 17% from `2,019 crore to `2,367 crore. During the year, Hexaware has been re-assessed at level 5 of the CMMI using the multi-model approach for development and services version 1.3. With this, the company was found to be the tenth orgainzation in the world, and only the second in Mexico to recive a CMMI Version 1.3 level 5 distinction.
They added new clients across all its key focus areas like banking and financial services domain, healthcare and insurance space and travel & transportation vertical. To enable the company's future growth prospects, Hexaware has invested by adding 167 freshers offshore during the quarter. In addition, the company has further strengthened its field sales force by a gross addition of 14 personnel for sales and marketing activities.
The company entered into a strategic alliance with COMPAREX India. This strategic partnership will allow Hexaware to utilize COMPAREX'S services to expand its territory of business and jointly deliver maximum business value from technology investments. Apart from this, Hexaware Technologies has also appointed Christian Oecking as an Additional Director on the Board of Directors of the company.
Duirng the fourth quarter, the company experienced decline in their revenue from some of its top 10 customers. This was primarily due to some project clousers as well as budget re- allocation to other initatives on the client side.