India · Delayed Price · Currency is INR Hexaware Technologies Earnings Call Transcripts
Fiscal Year 2027
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Q1 saw flat revenue but strong profitability, with EBIT margin up to 13% and robust cash flow. AI-driven services and large deal wins underpin a positive outlook, with sustained growth and margin improvement expected from Q2 onward.
Fiscal Year 2026
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Q4 revenue declined 1.5% sequentially due to seasonal factors, but full-year growth reached 7.6% with margin improvement. Deal wins and pipeline are strong, AI initiatives are accelerating, and 2026 revenue growth is expected to surpass 2025, despite a seasonally weak Q1.
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Q3 saw 3.3% sequential revenue growth, margin expansion, and strong cash flow, with new leadership and acquisitions driving future growth. Q4 is expected to be flat due to seasonal and external headwinds, but FY26 outlook is positive as deal momentum and pipeline improve.
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Q2 revenue growth was softer due to macro-driven delays, but operational metrics and margins improved, with strong performance in IT and banking. The SMC acquisition adds strategic capability and immediate EPS accretion, while long-term growth ambitions remain intact.
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Q1 CY25 saw 12.5% YoY revenue growth and improved margins, with strong deal wins and a robust pipeline offsetting headwinds from two major clients. Management expects solid growth in Q3 and Q4, led by Banking and FS, and maintains margin guidance of 17.1%-17.4%.
Fiscal Year 2025
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Q4 CY24 saw 0.2% sequential and nearly 19% YoY growth, with full-year growth at 13.5% and a 50% YoY rise in EBITDA. 2025 is expected to deliver resilient, double-digit growth, with margin targets in line with last year's adjusted levels and ramp-ups in H2.