IT and BPO services provider Hexaware on Monday said it has secured a large contract that is likely to get the company a potential revenue of USD 177 million over the five years. "Under this contract, Hexaware is expected to ramp the team up to a peak size of over 600 personnel operating under global delivery centers. It is envisaged that Hexaware will offer Information Technology (IT) and BPO services from 15 locations spread globally," Rajiv Pant, President and Head - America Operations, Hexaware Technologies said in a statement. Through this contract, the company has a potential USD 100 million worth incremental business while extending existing business worth another USD 77 million over the course of the five-year agreement, the statement said. Cheering the news, Hexaware stock today shot up by over five per cent to close at Rs 75.75 a piece on the BSE. The company said it has been associated with this leading United States-headquartered multinational corporation for several years, and with this deal further increases its revenue size from the client. The statement did not disclose name of the company but indicated it is a leading Business Process Outsourcing (BPO) client for its subsidiary Caliber. Heaware said that it expects the ramp-up of the execution team to happen over the next four to six quarters. "This is our third large deal signed in the past three months," P R Chandrasekar, CEO and Vice Chairman, Hexaware Technologies said.