Hexaware Technologies Q2CY26 Revenue Up 6.1% YoY to USD 405.4 Mn, EBIT Margin at 13.6%
Hexaware Technologies reported Q2CY26 revenue of USD 405.4 Mn (₹38,452 Mn), up 6.1% YoY in USD and 17.9% in INR. EBIT margin was 13.6%, with reported EBIT at USD 55.3 Mn. The company revised its full-year revenue growth guidance to 6-7% due to macro factors. Hexaware continues to focus on AI integration and has expanded its global talent footprint.
The results show year-over-year growth and improved profitability, which is positive for investors. However, the downward revision of revenue guidance due to macro factors introduces some uncertainty, moderating the impact to medium.
The company reported positive year-over-year revenue growth and an improved EBIT margin. Despite a downward revision in revenue guidance, the core business performance metrics remain strong, and the focus on AI indicates a forward-looking strategy.
Hexaware Technologies Limited has announced its financial results for the quarter and six months ended June 30, 2026. The company reported revenue of USD 405.4 million (₹38,452 million) for Q2CY26, marking a 6.1% year-over-year increase in USD terms and a 17.9% increase in INR terms. On a constant currency basis, revenue grew by 6.3% year-over-year.
The company's reported EBIT margin stood at 13.6% for the quarter, an increase of 358 basis points year-over-year. In absolute terms, reported EBIT was USD 55.3 million (₹5,236 million), up 43.9% year-over-year in USD and 59.1% in INR.
Basic EPS for Q2CY26 was ₹5.41, a decrease of 13.4% year-over-year. The closing cash balance as of June 30, 2026, was USD 176 million.
Hexaware has also revised its revenue growth guidance for the full year to 6-7%, citing a narrowed runway due to delayed deal ramp-up and worsening macro conditions. The EBIT margin guidance remains at 13.0%-14.0%.
The company continues to focus on AI-driven services, planning to launch one new service per month and infuse AI across its customer base. A key initiative includes hosting an AI day on August 21st in Chennai. Significant team expansion and AI utilization in sales are also part of the global hunting strategy.
Key people metrics show a closing headcount of 34,506, with a QoQ net addition of 708 employees. Voluntary attrition for IT was 11.2%, and the IT utilization rate was 84.8%. The company expanded its talent footprint to Colombia and added GIFT City to its India presence.
The presentation also highlighted various awards and recognitions received by Hexaware, including rankings in sustainability, fastest-growing company awards, and leadership positions in IT sourcing and AI-ML enablement services. The company also detailed its CSR efforts and ESG initiatives, aiming for net-zero emissions by 2040.
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