Mumbai, July 25th , 2025 – Hexaware Technologies (NSE: HEXT), a leading global provider of IT solutions and services, today announced financial results for the second quarter of calendar year 2025 ended June 30, 2025.
Financial Summary and Highlights
| USD Mn | INR Mn | ||||||
| Q2CY25 | QoQ (%) | YoY (%) | Q2CY25 | QoQ (%) | YoY (%) | ||
| Revenue | 382.1 | 2.8% | 8.6% | 32,607 | 1.6% | 11.1% | |
| EBITDA | 65.9 | 6.1% | 19.4% | 5,644 | 6.1% | 22.5% | |
| PAT | 44.3 | 15.6% | 35.0% | 3,797 | 16.1% | 38.3% | |
| Constant Currency Growth | Q2CY25 | |
| QoQ % | YoY % | |
| Revenue | 1.3% | 7.5% |
Revenue:
- Q2CY25: USD 382.1 Mn | INR 32,607 Mn
- USD:+2.8% QoQ and +8.6% YoY | INR: +1.6% QoQ and +11.1% YoY
- Constant Currency:+1.3% QoQ and +7.5% YoY
Profitability:
- Reported EBITDA(1):
- Q2CY25: 17.2% | +53 bps QoQ & +156 bps YoY in % terms
- +6.1% QoQ & +19.4% YoY in absolute terms
- Basic EPS:
- Q2CY25: INR 6.25 | +16.2% QoQ & +37.7% YoY
Key Client Metrics:
- Hexaware Ranked #1 in Service Delivery in the 2025 Whitelane Research IT Sourcing Study for UK & Ireland
- Scaled 1 more customer to USD 50 Mn+ category taking the total count to 4 on Q2’25 LTM basis
Key People Metrics:
- Closing Headcount: 32,410, LTM net headcount addition of 540
- Voluntary Attrition for IT(2): 11.1%
- Q2CY25 Utilization Rate for IT(3): 83.7%
Other Key Metrics:
- DSO (Billed + Unbilled) at 73 in Q2CY25, of which Billed is 40
- LTM Q2CY25 Adjusted Cash Conversion % at 75.5%(4)
- Strong Cash and Cash Equivalents position as of 30thJune 2025(5) INR 19,248 Mn
Leadership Speak
“In a difficult global macro environment, we had a solid quarter of execution on revenue, profitability and booking. More importantly, we continue to invest to make a rapid pivot to lead our customers into an AI-powered future. “
“This quarter reflects our continued momentum, marked by healthy YoY revenue growth, solid margin execution, and outstanding cash flow conversion. Our effective tax rate remains among the best in the industry.“
