IT Consulting & Software company Hexaware Technologies announced Q1FY27 results Consolidated Financial Highlights: Revenue from operations for Q1FY27 was reported at Rs 38,452 million, marking a YoY growth of 17.93% from Rs 32,607 million in Q1FY26 and a QoQ increase of 6.43% from Rs 36,130 million in Q4FY26. For FY26, the revenue stood at Rs 1,34,304 million. Total income for the group in Q1FY27 stood at Rs 37,951 million, showing a YoY growth of 10.95% from Rs 34,207 million in Q1FY26 and a QoQ increase of 4.41% from Rs 36,347 million in Q4FY26. The total income for FY26 was Rs 1,38,187 million. Profit before tax for Q1FY27 was Rs 4,407 million, representing a YoY decline of 5.89% from Rs 4,683 million in Q1FY26 and a QoQ decline of 6.79% from Rs 4,728 million in Q4FY26. For FY26, profit before tax was Rs 17,268 million. Net profit for the period in Q1FY27 reached Rs 3,302 million, a decrease of 13.04% YoY from Rs 3,797 million in Q1FY26 and a decline of 6.09% QoQ from Rs 3,516 million in Q4FY26. For FY26, net profit was Rs 13,683 million. Total comprehensive income for Q1FY27 was Rs 4,271 million, compared to Rs 4,126 million in Q1FY26 (up 3.51% YoY) and Rs 4,489 million in Q4FY26 (down 4.86% QoQ). The annual figure for FY26 was Rs 15,563 million. Revenue in USD terms for Q1FY27 was USD 405.4 million, showing a YoY growth of 6.1% and a QoQ growth of 4.4%. Standalone Financial Highlights: Standalone revenue from operations for Q1FY27 stood at Rs 20,914 million, reflecting a YoY growth of 15.05% from Rs 18,178 million in Q1FY26 and a QoQ increase of 6.04% from Rs 19,722 million in Q4FY26. Revenue for FY26 was Rs 73,888 million. Total income for Q1FY27 was Rs 20,353 million, against Rs 18,308 million in Q1FY26 (up 11.17% YoY) and Rs 19,624 million in Q4FY26 (up 3.71% QoQ). For FY26, total income reached Rs 74,057 million. Profit before tax for Q1FY27 reached Rs 2,648 million, a YoY growth of 20.69% from Rs 2,194 million in Q1FY26, but a QoQ decline of 6.66% from Rs 2,837 million in Q4FY26. For FY26, it was Rs 10,404 million. Net profit for Q1FY27 was Rs 2,000 million, representing a YoY increase of 18.06% from Rs 1,694 million in Q1FY26 and a QoQ decline of 6.45% from Rs 2,138 million in Q4FY26. FY26 net profit stood at Rs 7,796 million. Total comprehensive income for Q1FY27 was Rs 3,010 million, compared to Rs 1,479 million in Q1FY26 and Rs 832 million in Q4FY26. Business Highlights: Segment Wise Performance (Vertical Growth in USD terms): Healthcare and Insurance grew by 6.8% QoQ and 18.9% YoY. Manufacturing and Consumer grew by 3.5% QoQ and 17.9% YoY. Professional Services grew by 13.3% QoQ but declined by 3.4% YoY. Banking grew by 3.9% QoQ and 10.8% YoY. Financial Services grew by 1.1% QoQ and 1.4% YoY. Travel and Transportation declined by 1.0% QoQ and 14.5% YoY. Technology, Products & Platforms declined by 3.1% QoQ but grew by 4.5% YoY. Geography-wise Performance (Growth in USD terms): Americas grew by 2.9% QoQ and 3.5% YoY. Europe grew by 7.0% QoQ and 10.9% YoY. Asia Pacific grew by 14.1% QoQ and 24.8% YoY. Key People Metrics: The closing headcount as of Q1FY27 was 34,506, with a QoQ net addition of 708 employees. Voluntary attrition for IT services was recorded at 11.2%. The utilization rate for IT stood at 84.8% for Q1FY27. Key Client Metrics: Added one customer in the USD 20 million+ category (LTM basis), increasing the total to 16. Top 10 customer revenue concentration was 35.7% in Q1FY27 (LTM basis). R. Srikrishna, CEO, said: “We delivered strong growth in what remained a challenging quarter for the industry. At the same time, our AI Labs are innovating at remarkable speed, launching one new offering every month. This innovation forms the foundation for sustained growth in the AI world.” Vikash Jain, CFO, said: “This was our first quarter with the ERP go-live which marks a major milestone in our transformation journey. We delivered industry-leading revenue growth coupled with margin expansion and solid cash conversion. This demonstrates the strength of our business and our team’s disciplined execution.” Result PDF