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Hexaware Q2CY25 Revenue Grows 8.6% YoY to USD 382.1 Million

Hexaware Technologies reports strong Q2 CY25 results: Revenue up 8.6% YoY to $382.1M, PAT up 35% to $44.3M, and EBITDA up 19.4% to $65.9M. Leading IT solutions provider continues solid performance.

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R Srikrishna, CEO & Executive Director, Hexaware

Srikrishna Ramakarthikeyan, CEO, Hexaware Technologies

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Hexaware Technologies, 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 30th June 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. “

R. Srikrishna, CEO

“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.“

Vikash Jain, CFO

 

Revenue Hexaware