Hexaware Delivers Strong Q1CY25 Revenue at $371.5 Mn Up 12.4% YoY

Q1CY25 EBITDA Enlargement of 117 bps YoY

Q1CY25 EPS at INR 5.38 Improve of 16.7% YoY

LONDON, April 28, 2025 /PRNewswire/ — Hexaware Applied sciences (NSE: HEXT), a number one world supplier of IT options and providers, at this time introduced monetary outcomes for the primary quarter of calendar yr 2025 ended March 31, 2025.

Monetary Abstract and Highlights

Income:

• Q1CY25: USD 371.5 Mn | INR 32,079 Mn
  – USD: (0.2%) QoQ and +12.4% YoY | INR: +1.7% QoQ and +16.7% YoY
  – Fixed Foreign money: (0.2%) QoQ and +12.7% YoY

Profitability:

• Reported EBITDA:
  – Q1CY25: 16.7% | +2.3% QoQ & +20.8% YoY in absolute phrases
  – +41 bps QoQ & +117 bps YoY in % phrases
• Primary EPS:
  – Q1CY25: INR 5.38 | +2.5% QoQ & +16.7% YoY

Key Shopper Metrics:

• 3 clients >$75Mn (1 buyer within the $100 Mn+ class)
• NPS Rating of 67; 27 factors increased than the business median
• High 5 clients income focus: 25.7% in LTM Q1CY25

Key Folks Metrics:

• Closing Headcount: 31,564, LTM internet headcount addition of 1,429
• Voluntary Attrition for IT⁽¹⁾: 11.2%
• Q1CY25 Utilization Charge for IT⁽²⁾: 82.1%

Different Key Metrics:

• DSO (Billed + Unbilled) at 75 in Q1CY25, of which Billed is 39
• LTM Q1CY25 Adjusted Money Conversion % at 61.9%
• Robust Money and Money Equivalents place as of 31^st March 2025⁽³⁾ INR 19,087 Mn

Management Converse

“We continued to execute properly on the fundamentals that energy our progress – win market share by supply excellence and put money into creating differentiated capabilities, expertise, and platforms. The power of our offers wins positions us strongly for a yr of strong progress.”
R. Srikrishna, CEO

“We’re happy to report 12.4% YoY income progress, demonstrating our resilience. Regardless of the financial uncertainty, we have now not solely sustained our progress trajectory but additionally expanded our margins by 117 foundation factors YoY and 41 bps QoQ. This achievement underscores our operational excellence and our means to proceed delivering in difficult setting too.”
Vikash Jain, CFO

Key Wins

• Modernizing the Grants Administration System for a world monetary establishment offering monetary and technical help to creating nations in schooling
• Finance and HR platform transformation for big monetary establishment primarily based out of Europe
• Software modernization and transformation journey throughout a number of enterprise traces for big world financial institution
• Creating a brand new settlement platform to handle transactions extra successfully for big journey participant offering information analytics and settlement providers
• Infrastructure, software & information separation consulting and implementation program and migration of purposes / workloads from world information middle to cloud for a number one American world multinational regulation agency
• Program to remove legacy purposes to realize simplification and cut back legacy debt utilizing a low code platform for US primarily based well being and know-how firm
• Constructing Gen AI primarily based platforms and apps for a big authorized advisory agency
• Broad IT providers for one of many largest pet insurance coverage firm

Notes: (1) Voluntary attrition fee for the IT service line is calculated as the full variety of IT enterprise professionals and assist perform professionals who left the corporate voluntarily throughout a interval, divided by the typical variety of IT enterprise professionals and assist perform professionals throughout the interval, computed on a trailing twelve-month foundation. (2) Utilization fee for IT is calculated as the full hours IT enterprise professionals spend on customer-billed assignments, divided by the full obtainable base hours. IT enterprise professionals designated as Mavericks (campus hires) are included within the utilization computation after the completion of an preliminary coaching interval of as much as 4 months. (3) Contains restricted money stability

About Hexaware

We’re a world digital and know-how providers firm with synthetic intelligence (“AI”) at its core. We leverage know-how to ship modern options that assist our clients of their digital transformation journey and subsequent operations. We embed AI into each side of our options and have created a collection of platforms and instruments that permit our clients to adapt, innovate, and optimize on this AI-first period. We serve a various vary of shoppers, together with 31 Fortune 500 organizations. With a crew of 31,564 staff in 28 nations, our presence is unfold throughout main nations, nationalities, languages, time zones, and regulatory zones. For extra data, please go to https://hexaware.com/ 

Ahead-looking Statements

Sure statements on this press launch regarding our future progress prospects are forward-looking statements, which contain plenty of dangers and uncertainties that would trigger precise outcomes to vary materially from these in such forward-looking statements. The dangers and uncertainties relating to those statements embody, however usually are not restricted to, dangers and uncertainties concerning fluctuations in earnings, our means to handle progress, intense competitors in IT providers together with these components which can have an effect on our value benefit, wage will increase, our means to draw and retain extremely expert professionals, time and price overruns on fixed-price, fixed-time body contracts, shopper focus, restrictions on immigration, our means to handle our worldwide operations, decreased demand for know-how in our key focus areas, disruptions in telecommunication networks, our means to efficiently full and combine potential acquisitions, legal responsibility for damages on our service contracts, the success of the businesses during which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, authorized restrictions on elevating capital or buying firms, and unauthorized use of our mental property and basic financial situations affecting our business. The Firm could, occasionally, make extra written and oral ahead statements. We don’t undertake to replace any ahead statements which may be made occasionally by us or on our behalf until required underneath the regulation.

Disclaimer

Use of Non-GAAP Financials

Hexaware has included sure non-GAAP monetary measures on this presentation to complement Hexaware’s consolidated monetary statements introduced on a GAAP foundation. These non-GAAP monetary measures could have limitations as analytical instruments, and these measures shouldn’t be thought of in isolation or as an alternative to evaluation of Hexaware’s outcomes as reported underneath GAAP.

The non-GAAP monetary data that we offer additionally could differ from the non-GAAP data offered by different firms. We compensate for the constraints on our use of those non-GAAP monetary measures by relying totally on our GAAP monetary statements and utilizing non-GAAP monetary measures solely supplementally. We’ve got offered reconciliation of non-GAAP earnings to essentially the most immediately comparable GAAP earnings, and we encourage buyers to overview these reconciliations rigorously.

We consider that offering these non-GAAP monetary measures along with the associated GAAP measures offers buyers with larger transparency. We additional consider that offering this data higher allows buyers to know Hexaware’s working efficiency and monetary situation.

Rounding off

Sure quantities and share figures included on this presentation have been topic to rounding changes. Accordingly, figures proven as totals in sure tables will not be an arithmetic aggregation of the figures previous them.

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