Hexaware has said that it is aiming to achieve a 10 per cent growth in earnings this year backed by a strong order book position in the coming years.

The company expects its margins to continue to expand in the coming future. Atul Nishar, chairman, Hexaware said that the company has a strong order book position with order pipeline with deal worth USD-30 million spread across the coming three years. Hexaware is currently focusing on three-four large deals with each valued at above US$ 25 million.

The company recorded an increase of 20 per cent in earnings during the first quarter compared to the previous quarter due to new deals. Nishar pointed out that the margins of the company have improved form 16.8 per cent to 19.3 per cent during the quarter.

“We expect margin expansion to continue after 240 bps improvement in EBITDA margin in this quarter. EBITDA has moved in the range of 19-20 per cent, and we are comfortable with this for this year. The volume growth of 1.9 per cent improved utilisation in this quarter and the improvement in the offshore ratio helped us in improving the margin, which we believe will continue to expand in the coming quarter, “he said.

He said that the company is aiming to improving growth from the third quarter evenfurtehr with new deals.