Bengaluru – Feb 05, 2026: Hexaware Technologies (NSE: HEXT), a global provider of IT solutions and services, today announced its financial results for the fourth quarter and full calendar year 2025. The company reported a CY25 revenue of USD 1,537.4 million, marking a 7.6% year-on-year (YoY) growth. For the fourth quarter, revenue stood at USD 389 million, reflecting a 4.5% YoY increase, while EBITDA expanded by 65 basis points YoY to 17.0%.

On a constant currency basis, Hexaware delivered a 7.1% YoY growth for CY25, with Q4CY25 revenue increasing 3.5% YoY. In INR terms, CY25 revenue reached INR 134,304 million, up 12.2% YoY, while Q4CY25 revenue stood at INR 34,782 million, up 10.3% YoY.

Profitability:

For Q4CY25, reported EBITDA was 17.0%, representing a 65 bps YoY increase, with an absolute growth of USD 8.6 million. CY25 EBITDA rose 15.9% YoY to USD 263.3 million, with margins expanding by 122 bps YoY. Reported profit after tax (PAT) for CY25 was USD 157 million, a 12.1% YoY increase, while Q4CY25 PAT was USD 32.5 million. Basic EPS for CY25 stood at INR 22.51, up 16.2% YoY, whereas Q4CY25 EPS was INR 4.79.

Client and Business Highlights:

Hexaware added one customer in the USD 100 million+ category and one in the USD 50 million+ category, taking the total in CY25 to four compared to three in CY24. The top 10 customers contributed 36.4% of CY25 revenue, reflecting a strong and diversified client base.

People and Operations:

As of December 31, 2025, Hexaware’s total headcount was 33,844, with a net addition of 1,535 employees since Q4CY24. The voluntary attrition for IT employees was 11.0%, and Q4CY25 utilization rate for IT stood at 80.8%.

Other Key Metrics:

The company maintained a strong cash position of USD 237 million at year-end, with CY25 adjusted cash conversion at 75.8%. Days Sales Outstanding (DSO) for billed and unbilled revenues was 67 days, with billed DSO at 38 days. The company declared a dividend of INR 11.5 per share for CY25.

Leadership Comments:

R. Srikrishna, CEO, said,

“With rapidly improving AI capabilities, our key strategy remains speed and agility. We aim to launch a new AI-enabled service every month and deliver it to key customers within 90 days. While CY25 presented industry challenges, accelerated deal wins in the latter part of the year set us up for a strong CY26.”

Vikash Jain, CFO, added,

“Amid a challenging macroeconomic environment, disciplined execution enabled healthy margin expansion and robust cash flow conversion of over 75%. The year also saw two capability-led acquisitions. We remain focused on long-term growth and value creation for our stakeholders.”