Risks
4 risks
Risk Intelligence
GSC client consolidation drag
View Risks →Hexaware Technologies Ltd — Q4 FY26
Hexaware reported Q1 CY26 revenue of $389M, roughly flat sequentially, with volume growth of $3M offset by $3M in calendar/furlough headwinds.
bullish
high
✓ Verified against BSE filing
2-Minute Summary
✦ AI-Generated from Full Transcript
Hexaware reported Q1 CY26 revenue of $389M, roughly flat sequentially, with volume growth of $3M offset by $3M in calendar/furlough headwinds. EBIT margin improved 570 bps sequentially to 13%, driven by forex tailwinds and operational improvements, though normalized EBIT was flat. Management highlighted strong deal wins, including a large global bank consolidation phase two and a fab-based manufacturer AI deal, underpinning a 7.6% floor growth reaffirmation. AI-driven differentiation in SDLC and IT operations is driving pipeline momentum, with 12 new revenue opportunities identified. Margins are expected to improve through H2, exiting higher than the full-year 13-14% range. Key risk: the GSC client consolidation may remain a drag through the year, with no growth expected from that account until next year.
Risks4 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
IT Headcount Addition (consecutive quarters)
11
+11 quarters
11th consecutive quarter of net IT headcount addition, indicating sustained investment in delivery capacity.
Clients >$10M Revenue
34
+2 QoQ
Added two clients to the $10M+ pyramid, reflecting strong account mining and new logo wins.
Utilization Rate
82.6%
+180 bps QoQ
Utilization improved sequentially due to reversal of furlough and leave impacts.
Cash Balance
$220M
flat
Debt-free company with strong cash position, supporting investment and M&A optionality.
Fast read
Guidance and risk preview
Management reaffirmed the 7.6% growth floor for the full year, underpinned by deals already won and a strong pipeline.
The large GSC client consolidation program may keep revenue from that account flat or declining through CY26, with no growth expected until next year.
View Risks →