Mumbai, July 30: Hexaware Technologies (NSE: HEXT), a global provider of IT solutions and services, today announced financial results for the second quarter of calendar year 2026 ended Jun 30, 2026.
Revenue:
- Q2CY26: USD 405.4 Mn | INR 38,452 Mn
- USD: +4.4% QoQ and +6.1% YoY | INR: +6.4% QoQ and +17.9% YoY
- Constant Currency: +4.4% QoQ and +6.3% YoY
Profitability:
EBIT (1):
- Q2CY26: 13.6% | +68 bps QoQ and (102 bps) YoY in % terms
- +9.8% QoQ and (1.3%) YoY in absolute terms
Basic EPS:
Q2CY26: INR 5.41 | (6.2%) QoQ and (13.4%) YoY
Key Client Metrics
- Added one customer in the USD 20Mn+ category (LTM basis), increasing the total to 16 (from 15 in the previous quarter)
- Top 10 customer revenue concentration at 35.7% in Q2CY26 (LTM basis)
Key People Metrics
- Closing Headcount: 34,506, QoQ net addition of 708 with 179 net addition in IT
- Voluntary Attrition for IT(2): 11.2%
- Q2CY26 Utilization Rate for IT(3): 84.8%
Other Key Metrics
- DSO (Billed + Unbilled) at 78 in Q2CY26, of which Billed is 39
- LTM Q2CY26 Operating Cash Flow (OCF) to Reported Profit % at 124.7%
- Cash and Cash Equivalents Position as of Jun 30, 2026, is USD 175 Mn(4) (5)
Leadership Speak
“We delivered strong growth in what remained a challenging quarter for the industry. At the same time, our AI Labs are innovating at remarkable speed, launching one new offering every month. This innovation forms the foundation for sustained growth in the AI world.”
R. Srikrishna, CEO
“This was our first quarter with the ERP go-live which marks a major milestone in our transformation journey. We delivered industry-leading revenue growth coupled with margin expansion and solid cash conversion. This demonstrates the strength of our business and our team’s disciplined execution.”
Vikash Jain, CFO
Key Wins
- Won a deal with a leading German biotechnology company to deliver AI for Business solutions
- Won a Zero License engagement with a leading capital markets institution
- Secured an AI-led middle-office transformation engagement with a leading American financial services company
- Won a legacy modernization engagement with a leading UK music copyright organization
- Secured an outsourcing and transformation deal with a leading London-based public university
- Won a Digital ITO deal with one of the leading non-bank lenders in ANZ
- Secured an outsourcing and transformation deal with a large fintech company in APAC
- Won a CRM transformation program with a leading global clinical research company