Hexaware Technologies, a leading global provider of IT solutions and services, has announced its financial results for the second quarter of calendar year 2025, marking a solid quarter of execution on revenue, profitability, and booking. The company has reported a revenue growth of 8.6% year-over-year (YoY), driven by a strong performance in the digital transformation space. **Revenue Highlights**
• **USD 382.1 Mn | INR 32,607 Mn**: Revenue grew by 8.6% YoY, with a growth of 2.8% quarter-over-quarter (QoQ). • **Constant Currency: +1.3% QoQ and +7.5% YoY**: Revenue growth when adjusted for constant currency was 1.3% QoQ and 7.5% YoY. The company’s revenue growth is driven by its strong presence in the digital transformation space, with a focus on leading customers in the Fortune 500. **Profitability Highlights**
• **Reported EBITDA: 17.2%**: EBITDA margins expanded by 156 basis points (bps) YoY, with a growth of 6.1% QoQ. • **Basic EPS: INR 6.25**: Basic EPS grew by 37.7% YoY, with a growth of 16.2% QoQ. **Key Client Metrics**
• **Hexaware Ranked #1 in Service Delivery**: Hexaware has been ranked #1 in Service Delivery in the 2025 Whitelane Research IT Sourcing Study for UK & Ireland. • **Scaled 1 more customer to USD 50 Mn+ category**: The company has scaled 1 more customer to the USD 50 Mn+ category, taking the total count to 4 on a quarter-over-quarter (Q2) basis. **Key People Metrics**
• **Closing Headcount: 32,410**: The company has a closing headcount of 32,410, with a net headcount addition of 540 Q2. • **Voluntary Attrition for IT: 11.1%**: Voluntary attrition for IT services was 11.1% Q2. **Other Key Metrics**
• **DSO (Billed + Unbilled) at 73**: The company’s DSO was at 73 in Q2, with billed amounts accounting for 40%. • **LTM Q2CY25 Adjusted Cash Conversion % at 75.5%**: Hexaware’s adjusted cash conversion percentage was at 75.5% on a last-twelve-month (LTM) basis. **Leadership Speak**
“We had a solid quarter of execution on revenue, profitability, and booking in a difficult global macro environment,” said R. Srikrishna, CEO, Hexaware. “We continue to invest to make a rapid pivot to lead our customers into an AI-powered future.”
“This quarter reflects our continued momentum, marked by healthy YoY revenue growth, solid margin execution, and outstanding cash flow conversion,” said Vikash Jain, CFO, Hexaware. “Our effective tax rate remains among the best in the industry.”
**Key Wins**
• **Legacy modernization leveraging RapidX for a major airline and a large financial institution**: Hexaware has completed a legacy modernization project using RapidX for a major airline and a large financial institution. • **App modernization using Amaze for an international healthcare company based in Australia**: The company has completed an app modernization project using Amaze for an international healthcare company based in Australia. • **Strengthened sales execution of the global wealth business of a large private equity firm**: Hexaware has strengthened its sales execution of the global wealth business of a large private equity firm, leveraging Salesforce. • **App modernization using Amaze for a top 5 global bank**: The company has completed an app modernization project using Amaze for a top 5 global bank. • **AI-driven services for Enterprise Product Development, Assurance Services, and Cloud Ops for a large US-based fintech firm**: Hexaware has completed an AI-driven services project for Enterprise Product Development, Assurance Services, and Cloud Ops for a large US-based fintech firm. • **Cloud consolidation for a global supply chain management and logistics services company in the US**: The company has completed a cloud consolidation project for a global supply chain management and logistics services company in the US. • **Multiple AI and ERP deals with a large property management company in the US**: Hexaware has secured multiple AI and ERP deals with a large property management company in the US. • **Azure migration for a leading insurance provider in Belgium**: The company has completed an Azure migration project for a leading insurance provider in Belgium. **About Hexaware**
Hexaware is a global digital and technology services company with artificial intelligence (‘AI’) at its core. The company leverages technology to deliver innovative solutions that help customers in their digital transformation journey and subsequent operations. Hexaware embeds AI into every aspect of its solutions and has created a suite of platforms and tools that allow customers to adapt, innovate, and optimize in this AI-first era. Hexaware serves a diverse range of customers, including 31 Fortune 500 organizations. With a team of 32,410 employees in 28 countries, Hexaware’s presence is spread across major countries, nationalities, languages, time zones, and regulatory zones. **Forward-looking Statements**
Certain statements in this press release concerning Hexaware’s future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. **Disclaimer**
Hexaware has included certain non-GAAP financial measures in this presentation to supplement Hexaware’s consolidated financial statements presented on a GAAP basis. These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hexaware’s results as reported under GAAP. **Rounding off**
Certain amounts and percentage figures included in this presentation have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures preceding them. **Logo**
Hexaware’s new logo is available for download at https://mma.prnewswire.com/media/2237417/Hexaware_NEW_Logo.jpg. **View Original Content**
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**SOURCE Hexaware Technologies Ltd.**
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