Hexaware Approves Q3 Results, Strategic Cybersolve Acquisition, and Subsidiary Mergers
Hexaware Technologies approved Q3 FY2025 results, reporting increased revenue and profit. The board also approved the strategic acquisition of Cybersolve and in-principle mergers of several subsidiaries to streamline operations.
The announcement covers significant events including strong quarterly financial results, a strategic acquisition valued at USD 66 million, and a major group restructuring through subsidiary mergers. These actions are expected to have a substantial impact on the company's financial health, operational efficiency, and market strategy.
The announcement highlights strong financial performance with increased revenue and profit for Q3 FY2025. Additionally, the strategic acquisition of Cybersolve strengthens cybersecurity capabilities and market position, while the proposed subsidiary mergers aim to simplify the group structure, all contributing to a positive outlook.
The Board of Directors of Hexaware Technologies Limited met on Thursday, November 06, 2025, to approve key strategic and financial decisions: * Financial Results: The board approved the standalone and consolidated audited financial results for the quarter ended September 30, 2025. Consolidated revenue from operations for Q3 FY2025 was ₹3,483.6 crore (₹34,836 million), up from ₹3,135.7 crore (₹31,357 million) in Q3 FY2024. Consolidated profit for the period increased to ₹369.9 crore (₹3,699 million) from ₹299.7 crore (₹2,997 million) in the prior year's quarter. Basic Earnings Per Share (EPS) for the quarter stood at ₹6.09, compared to ₹4.98 in the same quarter last year. * Acquisition: The board approved the acquisition of a 100% stake in Cybersolve (I) Private Limited from Identity And Access Solutions LLC. Simultaneously, Hexaware Technologies, Inc., a wholly-owned subsidiary, will acquire 100% stakes in Identity And Access Solutions LLC (IAAS) and IT Glitterz LLC. Hexaware Technologies Canada Ltd., another wholly-owned subsidiary, will acquire 100% stake in Identity and Access Solutions Canada, Inc. The total consideration for Cybersolve is estimated at USD 66 million (approximately ₹549.33 crore), comprising an upfront payout of USD 34.5 million (approximately ₹287.75 crore) and estimated earnouts of USD 31.5 million (approximately ₹261.58 crore). This acquisition aims to strengthen Hexaware's AI-led cybersecurity capabilities and tap into the fast-expanding Identity and Access Management (IAM) market. * Merger of Subsidiaries: In principle approval was granted for the merger of several wholly-owned subsidiaries and step-down subsidiaries to simplify the group structure: * In India: Mobiquity Softech Private Limited and Softcrylic Technology Solutions India Private Limited will merge with Hexaware Technologies Limited. * In US: Mobiquity Velocity Solutions Inc, Mobiquity Inc, and Softcrylic LLC will merge with Hexaware Technologies Inc. * In Netherlands: Mobiquity Coöperatief U.A. and Mobiquity Consulting BV will merge with Mobiquity BV. This merger plan is subject to board approval of the scheme of arrangement and various regulatory formalities. * Dividend: An interim dividend of ₹5.75 per equity share of Re. 1 each for FY 2025 was declared on October 01, 2025.
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