Hexaware Technologies reported a solid start to the year with net profit rising 7.5% to ₹351.6 crore in Q1. Revenue increased 12.6% to ₹3,613 crore, while constant currency revenue grew 3.2%.
The company’s shares were trading flat at around ₹460 in afternoon trade.
The company, backed by private equity firm The Carlyle Group, maintained its 7.6% annual growth guidance. Growth is expected to be driven by:
Ramp-up of large deals already won
Strong conversion of new deal wins
Rising demand for AI-led transformation
CEO R Srikrishna said customer trust in AI transformation is becoming a key competitive advantage.
The company saw strong deal activity across:
Outsourcing
Consolidation projects
Transformation programmes
AI adoption in the software development lifecycle (SDLC) has become the biggest growth driver.
Key vertical performance:
Financial Services: +1.4%
Healthcare: +13.5%
Manufacturing: +13.2%
Travel & Tourism: –9% (remains weak due to macro conditions)
Regional performance:
Americas (75% revenue share): +2.5%
Europe: +11.6%
Hexaware reiterated its EBIT margin guidance of 13–14%, expecting margins to improve in the second half of the year.
CFO Vikash Jain highlighted strong cash generation during the quarter.
At the end of March:
Total employees: 33,798
IT attrition rate: 11.1%
Hexaware delivered steady Q1 growth supported by strong AI-driven deal wins and maintained its annual outlook.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: May 7, 2026, 3:19 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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