Hexaware Technologies Limited
5,589words
10turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
rs1
11.1%
82.6%
INR 36,130
0.1%
4.6%
3.9%
12.6%
0.3%
3.2%
13.0%
Guidance — 1 items
Update on Deals
opening
“We expect stability in this client • We closed Phase II win with a large global bank, which is expected to translate into meaningful revenue contribution in H2 CY26 • We also secured two additional consolidation wins in an European bank and global professional services firm, further strengthening our financial services and professional services portfolios”
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Opening remarks
Key People Metrics
• Closing Headcount: 33,798, QoQ net reduction of 46 with 124 net addition in IT • 11th straight quarter of IT headcount addition • Voluntary Attrition for IT(1): 11.1% • Q1CY26 Utilization Rate for IT(2): 82.6% Financial Highlights
Revenue
• Q1CY26: USD 388.5 Mn | INR 36,130 Mn o USD o INR o Constant Currency : (0.1%) QoQ; +4.6% YoY : +3.9% QoQ; +12.6% YoY : (0.3%) QoQ; +3.2% YoY
Profitability
• EBIT (3): o Q1CY26: 13.0% | (6 bps) QoQ & (133 bps) YoY in % terms o (0.6% ) QoQ & (5.1%) YoY in absolute terms • Basic EPS: o Q1CY26: INR 5.77 | +20.5% QoQ & +7.2% YoY
Cash
of 10Mn+ customers to 34 compared to 32 in the previous quarter • Closing cash balance as of 31st March 2026: USD 220 Mn (4)(5) Notes: (1) Voluntary attrition rate for the IT service line is calculated as the total number of IT business professionals and support function professionals who left the company voluntarily during a period, divided by the average number of IT business professionals and support function professionals during the period, computed on a trailing twelve-month basis. (2) Utilization rate for IT is calculated as the total hours IT business professionals spend on customer-billed assignments, divided by the total available base hours. IT business professionals designated as Mavericks (campus hires) are included in the utilization computation after the completion of an initial training period of up to four months. (3) EBIT in USD terms, QoQ and YoY growth calculated against Adjusted EBIT (4) Includes restricted and MF Investments (5) Exchange rate used 94.84 © 2026 Hexa
Update on Deals
• Q1 witnessed strong deal momentum, with wins across consolidation, outsourcing, and transformation programs • AI in SDLC single largest driver of deal activity and differentiation • In the GSE consolidation program, we have been selected as one of three strategic vendors. We expect stability in this client • We closed Phase II win with a large global bank, which is expected to translate into meaningful revenue contribution in H2 CY26 • We also secured two additional consolidation wins in an European bank and global professional services firm, further strengthening our financial services and professional services portfolios
Revenue Outlook
• We are reiterating the CY 26 baseline revenue growth of 7.6% • The outlook is underpinned by ramp-up of previously won large deals, complemented by strong conversion from recent wins, positioning us well for improved growth momentum through the year • CY26 Vertical Outlook: • Banking, H&I and M&C are expected to lead the growth for CY26 • PS and FS to follow • T&T is expected to lag due to macro
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