Hexaware Reports Q2 CY26 Results: Revenue Hits USD 405.4 Million, Margin Expands
Hexaware Technologies Limited, a global provider of IT solutions and services, announced its financial results for the second quarter of calendar year 2026 (Q2CY26), ending June 30, 2026. The company reported significant performance across various business segments while maintaining a focus on AI innovation.The consolidated interim statements showed a total revenue of INR 38,452 million (USD 405.4 Million) for the quarter. Profit Before Tax stood at INR 4,407 million.
Financial Performance Overview
Hexaware’s Q2CY26 results demonstrated growth in revenue and profitability compared to previous periods. The company maintained a focused approach on disciplined execution as it continues its transformation journey.Key financial metrics for the quarter are presented below:
| Metric | Q2CY26 (INR Mn) | QoQ (%) | YoY (%) |
|---|---|---|---|
| Revenue from operations | 38,452 | 6.4% | 17.9% |
| Total Income | 37,951 | - | - |
| Profit Before Tax | 4,407 | (6.8%) | (5.9%) |
| Reported Profit | 3,302 | (6.1%) | (13.0%) |
| Basic EPS (INR) | 5.41 | (6.2%) | (13.4%) |
The company reported that its revenue growth in Q2CY26 stood at 4.4% Quarter-over-Quarter (QoQ) and 6.1% Year-over-Year (YoY), with constant currency growth also registering 4.4% QoQ and 6.3% YoY.
Segmental and Geographical Performance
Hexaware’s business performance was analyzed across various industry verticals and global geographies, demonstrating the scale and diversification of its operations.Revenue Performance by Vertical:
The company's core segments showed mixed but generally positive trends:
| Segment | Q2CY26 QoQ (%) | Q2CY26 YoY (%) |
|---|---|---|
| Financial Services (FS) | 1.1% | 1.4% |
| Healthcare & Insurance (H&I) | 6.8% | 18.9% |
| Manufacturing and Consumer (M&C) | 3.5% | 17.9% |
| Professional Services (PS) | 13.3% | (3.4%) |
| Banking | 3.9% | 10.8% |
| Travel and Transportation (T&T) | (1.0%) | (14.5%) |
| Technology, Products & Platforms (TPP) | (3.1%) | 4.5% |
Revenue Performance by Geography:
Growth was driven across international markets:
| Geography | Q2CY26 QoQ (%) | Q2CY26 YoY (%) |
|---|---|---|
| Americas | 2.9% | 3.5% |
| Europe | 7.0% | 10.9% |
| Asia Pacific | 14.1% | 24.8% |
Financial Position Summary
The consolidated financial results reflected a robust balance sheet structure as of June 30, 2026. Total Assets stood at INR 115,757 million. The company’s equity position was noted with total equity amounting to INR 67,094 million.Operational and Strategic Milestones
The company reported several strategic accomplishments and operational metrics during the period:- Customer Base: Hexaware increased its customer base in the USD 20Mn+ category by one, bringing the total to 16 customers (up from 15 in the previous quarter).
- Client Concentration: The Top 10 customer revenue concentration was recorded at 35.7% based on a lookback period (LTM) for Q2CY26.
- Staffing and Utilization: Closing Headcount stood at 34,506. The IT utilization rate for the quarter reached 84.8%.
The Chief Operating Decision Maker commented that the results reflect strong growth in a challenging industry environment, noting that AI Labs are innovating rapidly, which forms the foundation for sustained growth.
Consolidated Balance Sheet Highlights (INR millions)
| Item | As of June 30, 2026 | As of December 31, 2025 |
|---|---|---|
| Property, plant and equipment | 7,204 | 6,789 |
| Goodwill | 37,710 | 35,768 |
| Trade receivables and unbilled revenue | 32,845 | 25,431 |
| Cash and cash equivalents | 16,596 | 21,324 |
| Total Assets | 115,757 | 109,046 |
HEXT Stock Price Movement
Hexaware Technologies Limited closed strongly on Wednesday, with its shares edging higher to settle at ₹618.30 after gaining 4.24%. The stock posted a total volume of 1.59 million shares during the session, trading well above its daily low of ₹590.40.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: