Hexaware Technologies, a global IT and BPO services provider, plans to hire 800 engineers through campus in this calender year and expects a double digit growth in its operating margins, a top company official said.

The Mumbai-based IT firm also plans to add 10-12 clients every quarter this year to its existing 165 clients.

"There has been an increase in the growth momentum in the North American and European markets. With recovery in these markets we also are quite positive and expect a double digit growth in operating margins this year as against the single digit growth last year," Hexaware Technologies' Chairman, Atul Nisar told PTI here today.

The company grew 6.5 per cent q-o-q to Rs 280-crore in the Q3 (July-Sep) of calender year 2010.

"We are also looking at hiring 200 engineers through campus every quarter in 2011. There will be some lateral hires too," Nisar added. The company's total head-count globally is 6,308 at present.

Hexaware is also looking at expanding its client base both in the present markets and new geographies such as Brazil and Mexico. The company has already bagged three clients in Mexico.

"We want to expand our presence in Canada, Mexico, Brazil as well as in countries like Japan and Australia. We hope to add 10-12 clients every quarter in the current fiscal year (Jan-Dec). These countries are gearing up and are likely to do good," Nisar said. (More) PTI PP AP VKV

On its inorganic growth, Nisar said the company plans to expand through acquisitions, mostly in North America.

"We have identified 7-8 companies each having a revenue size of USD 25-50-million. Talks are in advanced stage but we haven't done a due-diligence yet. We can go for more than one buy in BPO sector or remote infrastructure management services," Nisar said adding that the company has USD 100-million in cash that would take care of its acquisition plans.

The acquisition would boost Hexaware's revenue from the North American market. At present 66-70 per cent of the revenues comes from North America, followed by Europe (25-27 per cent). Asia Pacific contributes around 5-7 per cent to the company's total revenues.

"Our main objective would be to grow well this year. More than 90 per cent of the revenues is expected to come from the existing clients. The target this year will be to keep expanding the margins," Nisar added.

He further said that the growth from the domestic business, that currently accounts a mere 2 per cent, is also likely to grow with the major drivers being the banking and financial services and travel and transport sector.

Hexaware Technologies, that completed 20 years today, has also declared special rewards to its shareholders in the form of 1:1 bonus share issue and 50 per cent special interim dividend to celebrate the 20th anniversary.