Hexaware Technologies LimitedQ1 FY27 Results & Financial Update
Hexaware Technologies Limited: Q1 FY27 consolidated results and company financials – revenue ₹3,845.20 Cr, PAT ₹330.20 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Hexaware Technologies price & chart
Quarter overview
Quarterly earnings analysis
Hexaware Technologies reported consolidated revenue from operations of INR 3,845.2 crore (USD 405.4 million) for the quarter ended June 30, 2026, marking a sequential top-line expansion of 6.4% in INR terms and 4.4% on a constant currency basis.
Profit after tax (PAT) for the quarter stood at INR 330.2 crore, reflecting a moderation compared to INR 351.6 crore in the preceding quarter and INR 379.7 crore in the corresponding period of the previous year, influenced by higher employee benefit expenses and tax provisions.
Reported operating profit (EBIT) reached INR 523.6 crore (USD 55.3 million), resulting in a reported EBIT margin of 13.6%, which expanded by 68 basis points sequentially from 12.9% (or 33 bps over Q1CY26 reported 13.3%) through disciplined cost execution.
Total consolidated income for the quarter was reported at INR 3,795.1 crore, factoring in other income elements including an exchange-rate difference loss of INR 50.1 crore during the period.
Total expenses for the quarter aggregated to INR 3,354.4 crore, driven primarily by employee benefit expenses of INR 2,266.4 crore and other operational expenses of INR 973.5 crore.
Basic earnings per share (EPS) for the quarter stood at INR 5.41, while diluted EPS was reported at INR 5.38 on a non-annualized basis.
During the quarter, the company completed the acquisition of Consulting Professionals Services Holdings Limited (CPS) on May 28, 2026, adding specialist regulatory compliance and technology consulting capabilities tailored for FTSE 100 clients.
01 · Business model
What does Hexaware Technologies do?
Hexaware Technologies Limited is a global digital and technology services company headquartered in Navi Mumbai, India, placing artificial intelligence at the core of its operations. The company delivers customized software engineering, digital transformation, cloud integration, and enterprise IT solutions to over 30 Fortune 500 organizations worldwide.
The company generates its revenue streams by serving a diverse clientele across key industry verticals, including Financial Services, Banking, Healthcare & Insurance, Manufacturing & Consumer, Professional Services, Travel & Transportation, and Technology, Products & Platforms.
Hexaware operates through a vast global delivery network spanning over 30 countries, coordinating across multiple time zones and regulatory jurisdictions. Its workforce comprises over 34,500 professionals who combine domain-specific consultancy with proprietary platforms and automated tools.
The operating model emphasizes high-value digital engineering, AI-driven automation, and specialized business process solutions, structured to help traditional enterprises modernize legacy systems and optimize operating models.
02 · Historical context
What shaped the business before this quarter
The equity shares of the company were re-listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) effective February 19, 2025.
Since January 1, 2026, the company streamlined its corporate structure by merging U.S. and Dutch step-down subsidiaries such as Mobiquity Velocity Solutions, Mobiquity Inc., Softcrylic LLC, and Mobiquity Consulting BV into principal operating entities like Hexaware Technologies Inc. and Mobiquity BV.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹3,845.20 Cr |
| Total income | ₹3,795.10 Cr |
| Profit before tax | ₹440.70 Cr |
| Profit after tax | ₹330.20 Cr |
| EPS | ₹5.38 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Growth was led by Professional Services (13.3% QoQ in USD terms), Healthcare and Insurance (6.8% QoQ), and Banking (3.9% QoQ), offsetting minor sequential contractions in Travel and Transportation (-1.0%) and Technology, Products & Platforms (-3.1%).
Geographically, Asia Pacific delivered strong sequential momentum with 14.1% QoQ growth (24.8% YoY), Europe expanded by 7.0% QoQ, and the Americas grew by 2.9% QoQ.
What drove margins
Employee benefit costs increased to INR 2,266.4 crore for the quarter, compared to INR 2,145.7 crore in the preceding quarter, reflecting wage increments, talent additions, and stock option compensation costs of INR 8.0 crore.
Depreciation and amortisation expenses decreased sequentially to INR 81.7 crore from INR 90.7 crore, supporting an improvement in EBIT margin to 13.6%.
05 · Demand, customers & order book
Where demand is coming from
The number of clients in the USD 20 million+ category increased by one on a trailing twelve-month (LTM) basis to reach 16, while top 10 customer revenue concentration stood at 35.7%.
Notable contract wins during the quarter include a digital AI solutions deal with a German biotechnology firm, an AI-led middle-office transformation engagement with an American financial services institution, and a CRM transformation program with a global clinical research company.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Financial Services contributed INR 1,102.9 crore, Banking contributed INR 346.5 crore, Healthcare & Insurance generated INR 889.7 crore, Professional Services contributed INR 531.3 crore, Manufacturing and Consumer recorded INR 614.8 crore, Travel and Transportation registered INR 278.4 crore, and Technology, Products and Platforms contributed INR 81.6 crore.
Financial Services reported segment profit of INR 342.9 crore, Healthcare & Insurance generated INR 316.4 crore, Manufacturing and Consumer recorded INR 228.4 crore, and Professional Services delivered INR 208.4 crore.
Geography and market mix
The Americas remained the primary revenue contributor with 2.9% sequential growth, followed by Europe with 10.9% YoY growth and Asia Pacific with robust 24.8% YoY growth.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Total closing headcount reached 34,506 employees, reflecting a net addition of 708 personnel quarter-on-quarter, including 179 net additions in IT services. IT utilization rate stood at 84.8%.
Voluntary attrition for the IT service line was recorded at 11.2% on a trailing twelve-month basis.
Projects, capex and execution
Property, plant, and equipment additions along with capital work-in-progress outlays totaled INR 78.4 crore (INR 775 million) for the first six months of CY2026.
08 · Strategy & new businesses
How the company is trying to change its growth mix
On May 28, 2026, Hexaware Technologies UK Limited acquired 100% ownership of Consulting Professionals Services Holdings Limited (CPS) for an upfront cash payment of GBP 6 million and contingent consideration up to GBP 5 million, allocating GBP 11 million toward customer contracts.
The company accelerated its AI Labs initiative, launching proprietary offerings designed to embed artificial intelligence across enterprise digital transformation workflows.
09 · Reported developments
What changed operationally
Management highlighted the successful first quarter following the enterprise-wide ERP go-live, marking a major milestone in internal operational transformation.
The Board of Directors declared and paid an interim dividend of INR 8.50 per equity share of face value INR 1 on May 15, 2026.
10 · Pressure points & risks
What is not going smoothly
The U.S. District Court for the Northern District of Illinois dismissed federal patent-related infringement claims of USD 500 million brought by Natsoft Corporation and Updraft LLC against the company and its subsidiary, finding the asserted patents ineligible for protection.
11 · Items worth noticing
The line items that can distort a quick read
Transaction costs amounting to INR 4.7 crore related to the CPS acquisition were expensed during the quarter.
The company recognized a gain on remeasurement of contingent consideration payable for business acquisitions amounting to INR 26.4 crore during the first six months of CY2026.
12 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Operating cash flow (OCF) to reported profit percentage reached 124.7% on a trailing twelve-month basis. Days Sales Outstanding (DSO), including unbilled revenue, stood at 78 days (with billed DSO at 39 days).
Cash and cash equivalents, including restricted cash balances and mutual fund investments, stood at USD 176 million (INR 1,659.6 crore) as of June 30, 2026.
Capital allocation & funding
Finance costs for the quarter were INR 32.8 crore. Total lease liabilities were recorded at INR 6,830 million as of June 30, 2026.
13 · Beyond the numbers
What changed beyond the numbers
Subsidiary Restructuring and Approvals
The company progressed with corporate law applications for merging domestic subsidiaries Mobiquity Softech Private Limited and Softcrylic Technology Solutions India Private Limited into the parent company.
14 · Previous-quarter changes
What changed since the previous quarter
Starting from Q2CY26, utilization calculations exclude employees working on platforms, which positively impacted the quarterly utilization metric by 80 basis points without restating comparative prior periods.
15 · Key Q&A
The quarter, answered directly
What does Hexaware Technologies do?
Hexaware Technologies Limited is a global digital and technology services company headquartered in Navi Mumbai, India, placing artificial intelligence at the core of its operations. The company delivers customized software engineering, digital transformation, cloud integration, and enterprise IT solutions to over 30 Fortune 500 organizations worldwide.
What is the clearest takeaway from Q1 FY27?
Hexaware Technologies reported consolidated revenue from operations of INR 3,845.2 crore (USD 405.4 million) for the quarter ended June 30, 2026, marking a sequential top-line expansion of 6.4% in INR terms and 4.4% on a constant currency basis.
What drove revenue or demand?
Growth was led by Professional Services (13.3% QoQ in USD terms), Healthcare and Insurance (6.8% QoQ), and Banking (3.9% QoQ), offsetting minor sequential contractions in Travel and Transportation (-1.0%) and Technology, Products & Platforms (-3.1%).
What mattered most for margins or profitability?
Employee benefit costs increased to INR 2,266.4 crore for the quarter, compared to INR 2,145.7 crore in the preceding quarter, reflecting wage increments, talent additions, and stock option compensation costs of INR 8.0 crore.
What changed operationally beyond the headline numbers?
Total closing headcount reached 34,506 employees, reflecting a net addition of 708 personnel quarter-on-quarter, including 179 net additions in IT services. IT utilization rate stood at 84.8%.
What are the main pressure points disclosed for the quarter?
The U.S. District Court for the Northern District of Illinois dismissed federal patent-related infringement claims of USD 500 million brought by Natsoft Corporation and Updraft LLC against the company and its subsidiary, finding the asserted patents ineligible for protection.
16 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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17 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Integration of CPS Acquisition: Monitor the integration progress and realization of consulting synergies from the recently acquired Consulting Professionals Services (CPS) in the UK market.
- 02
AI-Driven Revenue Realization: Track the commercial traction and deployment velocity of new generative AI offerings emerging from Hexaware's AI Labs.
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