Hexaware Technologies Reports Q1CY26 Revenue Growth and Profitability Enhancements
Hexaware Technologies Reports Q1CY26 Financial Results
Hexaware Technologies, a prominent player in the global IT solutions and services sector, has released its financial results for the first quarter of the calendar year 2026, which ended on March 31, 2026. This report illustrates a respectable growth trajectory, evident from its revenue and earnings figures.
Financial Overview
The company's total revenue for Q1CY26 reached USD 388.5 million, reflecting a 4.6% increase compared to the previous year. However, there was a slight decline of 0.1% on a quarterly basis. The revenue in Indian Rupees further emphasizes this growth, with a jump from INR 36,130 million, marking an increase of 12.6% year-over-year. Despite the minor quarter-over-quarter decrease, the year-on-year performance indicates a steady upward trend.
In terms of profitability, Hexaware reported an Earnings Before Interest and Taxes (EBIT) of USD 50.4 million, a noteworthy 78% increase compared to the prior quarter, though it marked a decline of 5.1% year-over-year. The Profit After Tax (PAT) stood at USD 36.9 million, which represents a 13.5% increase from the previous quarter and a 7.5% rise from the same quarter last year.
Key Growth Metrics
Hexaware's growth can be attributed to several critical factors:
- - Client Acquisition: The company successfully added two customers within the USD 10 million+ segment, increasing its total in this category from 32 to 34.
- - Revenue Concentration: The top 10 customers accounted for 35.9% of revenue in Q1CY26, demonstrating a stable client base and revenue stream.
- - Financial Services and Healthcare Sectors: Noteworthy growth was observed in sectors such as healthcare and insurance, which experienced a 13.5% year-over-year revenue increase. In contrast, the technology, products, and platform segment showed a significant decline of 23.5% year-over-year.
Operational Efficiency
Hexaware maintains an operationally efficient model, with a closing headcount of 33,798 employees, reflecting a slight net reduction of 46 compared to the last quarter but a net addition of 124 in the IT division. The company recorded a utilization rate of 82.6% for IT professionals and a voluntary attrition rate of 11.1%.
Leadership Insights
R. Srikrishna, CEO
Topics Business Technology）
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