HEXTNSEHexaware Technologies LimitedMediumNeutral
Announced Thu, 24 Jul · 21:38 IST

Hexaware Technologies Limited has informed the Exchange about Investor Presentation

Order Pipeline DisclosedInvestor Communications View source PDF

HEXT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Hexaware Technologies filed its Q2CY25 investor presentation. Revenue rose to USD 382.1 million (+2.8% QoQ, +8.6% YoY) and INR 32,607 crore (+1.6% QoQ, +11.1% YoY). Reported EBITDA margin expanded 53 bps QoQ and 156 bps YoY to 17.2%, while Basic EPS grew strongly to INR 6.25 (+16.2% QoQ, +37.7% YoY). The company announced the acquisition of SMC, a US-based Global Capability Center (GCC) builder with around $22 million in CY24 revenue, for $90 million (upfront plus earnout) plus a $30 million outperformance bonus, all in cash, to tap the $100 billion+ India GCC opportunity. Headcount stood at 32,410 with IT utilization at 83.7% and voluntary attrition at 11.1%. Management maintained its full-year EBITDA margin outlook of 17.1%–17.4%, but flagged macro softness, slower client decision-making, and lowered expectations for the rest of CY25; EPS is expected to outperform due to a lower tax rate of ~24.5%.

Likely market impact

Strong margin expansion and EPS growth are positives, and the SMC acquisition strengthens Hexaware's position in the high-growth GCC market. However, management's cautious near-term revenue commentary and signs of macro-driven deal delays may limit upside excitement in the stock.