Hexaware Technologies Limited has informed the Exchange about Transcript
HEXT · price
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Hexaware filed a corrected transcript of its April 30, 2025 Q1 CY25 earnings call, fixing a margin error (16.7% EBITDA, not 67.7%). Revenue grew 12.4% YoY in reporting currency and 12.7% in constant currency, with EBITDA margin improving 40 bps QoQ to 16.7%. The company reiterated full-year margin guidance of 17.1–17.4% and a $3 billion revenue target by CY2029, supported by growth in legacy modernization (RapidX platform with nearly 40 clients in pipeline), banking, and Middle East/India markets. Management flagged Q2 headwinds: a sharp ramp-down at one GSE client (~1% of revenue) and a program end at another client, but expects accelerated growth in Q3 and sequential growth in Q4. Two new consolidation deals are expected to add $20–30M and $25–35M in annualized revenue, and two mega-deals are nearing decision. Hexaware remains debt-free with $225M cash, plans to hire 1,800–2,000 IT staff in Q2, and declared a $5.75/share dividend (~$40M payout).
The correction is administrative and does not change fundamentals. The transcript reinforces a constructive growth and margin outlook, with management confident in achieving 17.1–17.4% full-year EBITDA margin and signaling strong deal momentum, which is positive for the stock despite near-term Q2 softness from two client-specific issues.