Risks
4 risks
Risk Intelligence
GSC consolidation deal uncertainty
View Risks →Hexaware Technologies Limited — Q3 FY26
Hexaware reported Q4 CY25 revenue of $389M, down 1.5% QoQ, impacted by furloughs, lower license revenue, and a GSC client cut.
neutral
medium
✓ Verified against BSE filing
2-Minute Summary
✦ AI-Generated from Full Transcript
Hexaware reported Q4 CY25 revenue of $389M, down 1.5% QoQ, impacted by furloughs, lower license revenue, and a GSC client cut. Full-year revenue grew 7.6% YoY (7.1% CC). Reported EBIT margin was 17%, but normalized margin was 15.4%, down 210bps QoQ due to seasonality, forex, and merit increases. Deal wins were strong, with pipeline crossing $4B for the first time, including a large consolidation deal in big tech. Management guided for FY26 revenue growth better than 7.6%, with Q1 seasonally weak and acceleration thereafter. EBIT margin guidance for FY26 is 13-14%, with H2 exit rate higher than current year. AI is a double-edged sword: dampening existing revenue (20-40% productivity impact on same scope) but creating new opportunities like legacy modernization and SaaS replacement. Key risk: the GSC consolidation deal remains undecided, and management has assumed downside in guidance.
हेक्सावेयर ने चौथी तिमाही में 389 मिलियन डॉलर का कमाया, जो पिछली तिमाही से 1.5% कम है। इसकी वजह छुट्टियों, कम लाइसेंस बिक्री और एक बड़े ग्राहक के कटौती थी। पूरे साल कमाई 7.6% बढ़ी। कंपनी का मुनाफा 17% रहा, लेकिन सामान्य हालात में यह 15.4% था, जो पिछली तिमाही से 2.1% कम है। इसकी वजह मौसमी प्रभाव, विदेशी मुद्रा और वेतन वृद्धि है। नए सौदे मजबूत हैं और पहली बार 4 अरब डॉलर का पाइपलाइन पार हुआ है। कंपनी ने अगले साल 7.6% से ज्यादा वृद्धि का अनुमान दिया है, लेकिन पहली तिमाही कमजोर रहेगी। मुनाफा 13-14% रहने का अनुमान है। AI से पुरानी कमाई पर 20-40% असर पड़ रहा है, लेकिन नए अवसर भी बन रहे हैं। मुख्य जोखिम: एक बड़ा ग्राहक सौदा अभी तय नहीं हुआ है।
Risks4 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Pipeline
$4B
Crossed $4B for first time
Pipeline crossed $4 billion for the first time, indicating strong future deal flow.
Headcount
34,000
+254 net adds in Q4
Headcount reached ~34,000 with 254 net additions in Q4, 10th straight quarter of growth.
Attrition
11%
Among lowest in industry
Attrition remained at 11%, among the lowest in the industry, indicating strong retention.
Offshore Mix
Improved 440bps YoY
+440bps YoY
Offshore mix improved by 440 basis points year-over-year, aiding margin structure.
Fast read
Guidance and risk preview
Management expects reported revenue growth in FY26 to exceed the 7.6% reported in FY25, with Q1 being seasonally weak and growth accelerating each...
A large GSC consolidation deal remains undecided; management has assumed downside in guidance due to potential loss or further cuts.
View Risks →