DBT Bureau
Pune, 26 July 2025
Hexaware Technologies, a global IT services company, announced strong financial results for the second quarter of calendar year 2025, ending June 30.
The company posted revenue of USD 382.1 million, marking a 2.8% quarter-on-quarter (QoQ) and 8.6% year-on-year (YoY) growth. In rupee terms, revenue stood at Rs 32,607 million, up 1.6% QoQ and 11.1% YoY. Revenue growth in constant currency was 1.3% QoQ and 7.5% YoY.
Profitability also improved significantly. Hexaware’s EBITDA rose by 6.1% QoQ and 19.4% YoY to USD 65.9 million, with margins improving to 17.2%. Net profit grew 15.6% QoQ and 35.0% YoY, reaching USD 44.3 million.
The company added one more client in the USD 50 million+ category, taking the total to four. Headcount at the end of Q2 was 32,410, with a voluntary attrition rate of 11.1% and utilization at 83.7%.
Hexaware continued to secure major contracts, including AI-driven services for a U.S. fintech company, Azure migration for a Belgian insurer, and app modernization for a global bank and Australian healthcare firm.
CEO R. Srikrishna said, “In a tough global market, we delivered solid results and continue to invest in AI-led transformations for our clients.”
CFO Vikash Jain added, “Our strong margins and excellent cash flow reflect our financial discipline and strong execution.”
The company’s cash position stood at Rs 19,248 million, with adjusted cash conversion at 75.5%.
