#United States #Hexaware Technologies #Iselin, NJ #IT Solutions #Q2CY25 Revenue

Hexaware Technologies Delivers Impressive Q2CY25 Results

Hexaware Technologies (NSE: HEXT), a prominent name in the global IT services sector, recently unveiled its financial results for the second quarter of calendar year 2025, which ended on June 30, 2025. The company reported a robust revenue figure of USD 382.1 million, reflecting an 8.6% year-over-year increase, a clear testament to its effective execution in a challenging global macroeconomic environment.

Financial Highlights

Revenue and Profitability

In addition to the impressive revenue growth, Hexaware reported its EBITDA for the quarter at USD 65.9 million, equating to 17.2% of its revenue, and showing a notable increase of 156 basis points year-over-year. The company achieved a basic earnings per share (EPS) of INR 6.25, demonstrating a remarkable 37.7% increase from the previous year.

Constant Currency Growth

When assessed on a constant currency basis, Hexaware achieved a 1.3% growth quarter-over-quarter and a 7.5% increase year-over-year, underscoring its strong operational performance across various markets.

Key Metrics and Client Engagement

During Q2CY25, Hexaware continued to enhance its client engagement with noteworthy achievements. One highlight was the company's ranking as #1 in Service Delivery according to the 2025 Whitelane Research IT Sourcing Study for the UK and Ireland, reinforcing its position as a leader in the IT solutions space. Additionally, Hexaware successfully expanded its portfolio, scaling one more customer to the USD 50 million+ revenue category, bringing the total to four such clients on a Last Twelve Months (LTM) basis.

Strategic Outlook and Leadership Statements

The leadership team at Hexaware remains optimistic about the company’s trajectory in both revenue and profitability amidst a complex economic backdrop. CEO R. Srikrishna acknowledged, “In a difficult global macro environment, we had a solid quarter of execution on revenue, profitability, and bookings.” He emphasized the firm's commitment to innovation and investment in technologies that propel its clients towards an AI-powered future. CFO Vikash Jain added that the quarter highlighted healthy year-over-year revenue growth, solid margin execution, and a strong cash flow conversion rate, reiterating their strategic focus on continuous improvement.

Innovations and Key Wins

Hexaware’s growth is also attributed to its innovative solutions in legacy and application modernization. Recent projects include leveraging the RapidX™ framework for a major airline and a significant financial institution, alongside application modernization efforts using Amaze® for a leading global healthcare company in Australia. The company is also exploring various AI-driven services, including cloud consolidation for a global supply chain management firm in the U.S. and Azure migration for a prominent insurance provider in Belgium.

Employee Engagement and Retention

Hexaware's workforce also continues to thrive, with a closing headcount of 32,410 and a net addition of 540 employees over the last twelve months. The utilization rate for IT professionals stands at a commendable 83.7%, while voluntary attrition reflects an encouraging 11.1%.

Conclusion

In conclusion, Hexaware Technologies' Q2CY25 financial results illustrate the company's resilience and capability to navigate challenging market conditions while fostering growth through strategic advancements and innovations in technology. As a forward-thinking IT solutions provider, Hexaware remains committed to equipping its customers for the evolving digital landscape, especially as they transition into an increasingly AI-centric future.