Bengaluru, July 30: Hexaware Technologies , a global provider of IT solutions and services, announced financial results for the second quarter of calendar year 2026 ended Jun 30, 2026.
Financial Summary and Highlight
|
USD Mn |
INR Mn |
|||||
|
Q2CY26 |
QoQ (%) |
YoY (%) |
Q2CY26 |
QoQ (%) |
YoY (%) |
|
|
Revenue |
405.4 |
4.4% |
6.1% |
38,452 |
6.4% |
17.9% |
|
EBIT |
55.3 |
9.8% |
43.9% |
5,236 |
9.1% |
59.1% |
|
PAT |
34.9 |
(5.3%) |
(21.1%) |
3,302 |
(6.1%) |
(13.0%) |
|
Constant Currency Growth |
Q2CY26 |
|
|
QoQ % |
YoY % |
|
|
Revenue |
4.4% |
6.3% |
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 , increasing the total to 16
- Top 10 customer revenue concentration at 35.7% in Q2CY26
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 to Reported Profit % at 124.7%
- Cash and Cash Equivalents Position as of Jun 30, 2026, is USD 175 Mn
“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
