Financial Highlights
Hexaware Technologies reported third‑quarter calendar year 2026 revenue of USD 411.9 million, equivalent to INR 39,331 million. The revenue grew 1.6% quarter‑over‑quarter (QoQ) in USD terms and 2.3% QoQ in INR terms, while year‑over‑year (YoY) growth was 4.3% in USD and 12.9% in INR. On a constant‑currency basis the company recorded a 1.7% QoQ increase and a 4.5% YoY increase.
Profitability
Adjusted EBIT for the quarter was USD 50.2 million, representing an EBIT margin of 13.8%. The margin improved by 17 basis points QoQ, though it was down 88 basis points YoY. In absolute terms, adjusted EBIT rose 2.9% QoQ but fell 1.9% YoY. Net profit (PAT) reached USD 44.9 million, up 28.8% QoQ and 7.2% YoY; in INR terms PAT was INR 4,294 million, up 30.0% QoQ and 16.1% YoY.
Earnings per Share
Basic earnings per share were INR 7.06, reflecting a 30.5% increase QoQ and a 15.9% increase YoY.
Client Metrics
The company added one new customer in the USD 20 million‑plus category on a last‑twelve‑months (LTM) basis, raising the total count to 17 from 16 in the prior quarter. Revenue concentration among the top ten customers stood at 35.4% on an LTM basis.
Workforce Metrics
Closing headcount was 35,887 employees, representing a net addition of 1,381 staff members during the quarter, of which 386 were added in the IT segment. Voluntary attrition for the IT function was 11.1%, and the IT utilization rate was 84.9%.
Cash Flow & Liquidity
Days sales outstanding (DSO), combining billed and unbilled amounts, was 77 days, with billed days at 41. The LTM operating cash flow to reported profit ratio was 109.6%. Cash and cash equivalents as of 30 September 2026 amounted to USD 199 million.
Leadership Commentary
CEO Vivek Jetley stated, “I am delighted to join Hexaware at an exciting time for the company and our industry. What attracted me to Hexaware is its talented people, deep client relationships, and entrepreneurial culture. With AI creating new possibilities for enterprises across industries, I believe we have a tremendous opportunity to build on these strengths, deepen the impact we create for our clients, and shape the next phase of Hexaware's growth.” CFO Vikash Jain added, “Q3 reflected continued progress across several key financial and operating metrics. Revenue grew sequentially, accompanied by a higher adjusted EBIT margin and strong cash conversion. Our focus now is to carry the momentum from our stronger businesses into broader growth while staying disciplined and investing in the capabilities that build lasting value.”
Revenue by Vertical
- Financial Services: +3.0% QoQ, +2.4% YoY
- Healthcare and Insurance: –0.4% QoQ, +6.3% YoY
- Manufacturing and Consumer: +1.8% QoQ, +3.0% YoY
- Professional Services: +0.3% QoQ, +7.8% YoY
- Banking: +6.6% QoQ, +13.5% YoY
- Travel and Transportation: –3.5% QoQ, –8.5% YoY
- Technology, Products & Platforms: +7.2% QoQ, +9.7% YoY
Overall revenue growth was +1.6% QoQ and +4.3% YoY.
Revenue by Geography
- Americas: +1.5% QoQ, +1.1% YoY
- Europe: +3.1% QoQ, +12.8% YoY
- Asia Pacific: –1.6% QoQ, +20.0% YoY
These regional contributions sum to the total revenue growth noted above.
Recent Wins
The company announced several strategic wins: it was selected by a smart‑home and property technology platform to deliver AI‑native customer experiences; it partnered with a large US infrastructure provider for legacy modernization and an AI use‑case factory; it engaged a leading Australian bank to enable data modernization; it engaged a global pharmaceutical player for AI application and agentic development; it was chosen by a US biopharmaceutical company to lead its S/4HANA upgrade; it was selected by a Middle‑East‑based bank to execute its Sitecore migration; it was chosen by a global data storage company to build an end‑to‑end factory IT for a new production line; and it was selected by a UK utility company to drive its modernization program.
Forward‑Looking Statements
The release contains forward‑looking statements regarding future growth prospects, litigation, competition, wage pressures, client concentration, regulatory constraints, tariff impacts, technology disruptions, acquisition integration, and broader economic conditions. The company cautions that actual results may differ materially due to the risks and uncertainties outlined.