Conference Call with Hexaware Technologies Management and Analysts on Q2CY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Hexaware Technologies announced Q2CY25 results Revenue: Q2CY25: USD 382.1 million | Rs 32,607 million. USD: +2.8% QoQ and +8.6% YoY | Rs: +1.6% QoQ and +11.1% YoY. Constant Currency: +1.3% QoQ and +7.5% YoY. Profitability: Reported EBITDA: Q2CY25: 17.2% | +53 bps QoQ & +156 bps YoY in % terms. +6.1% QoQ & +19.4% YoY in absolute terms. Basic EPS: Q2CY25: Rs 6.25 | +16.2% QoQ & +37.7% YoY. R. Srikrishna, CEO, said: “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.“ Vikash Jain, CFO, said: “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.“ Result PDF
IT Consulting & Software company Hexaware Technologies announced Q1CY25 results Revenue: Q1CY25: USD 371.5 million | Rs 32,079 million. USD: (0.2%) QoQ and +12.4% YoY | Rs: +1.7% QoQ and +16.7% YoY. Constant Currency: (0.2%) QoQ and +12.7% YoY Profitability: Reported EBITDA: Q1CY25: 16.7% | +2.3% QoQ & +20.8% YoY in absolute terms. +41 bps QoQ & +117 bps YoY in % terms. Basic EPS: Q1CY25: Rs 5.38 | +2.5% QoQ & +16.7% YoY Key Client Metrics: 3 customers >USD 75 million (1 customer in the USD 100 million+ category). NPS Score of 67; 27 points higher than the industry median. Top 5 customers revenue concentration: 25.7% in LTM Q1CY25 Key People Metrics: Closing Headcount: 31,564, LTM net headcount addition of 1,429 Voluntary Attrition for IT(1): 11.2%. Q1CY25 Utilization Rate for IT(2): 82.1% Other Key Metrics: DSO (Billed + Unbilled) at 75 in Q1CY25, of which Billed is 39. LTM Q1CY25 Adjusted Cash Conversion % at 61.9%. Strong Cash and Cash Equivalents position as of 31st March 2025(3) Rs 19,087 million R. Srikrishna, CEO, Hexaware Technologies, said: “We continued to execute well on the basics that power our growth - win market share through delivery excellence and invest in creating differentiated capabilities, talent, and platforms. The strength of our deals wins positions us strongly for a year of solid growth “ Vikash Jain, CFO, Hexaware Technologies, said: “We are pleased to report 12.4% YoY revenue growth, demonstrating our resilience. Despite the economic uncertainty, we have not only sustained our growth trajectory but also expanded our margins by 117 basis points YoY and 41 bps QoQ. This achievement underscores our operational excellence and our ability to continue delivering in challenging environment too.“ Result PDF