Hexaware Technologies Limited is an information technology services firm of India, with its headquarters located in Navi Mumbai. The company constructs and manages software, cloud, data, and AI-based solutions for various customers across the globe as well as provides business process services. In the period from April to June 2026, it earned revenues amounting to around $405 million, having approximately 34,500 employees.
Numbers vary quarterly. Refer to Hexaware investor relations website and exchanges for current numbers. This article is not investment advice.
Company overview
Hexaware began operations in 1990. It eventually became an international IT service provider with delivery centers in India as well as branch offices in the US, Europe, and the Asia Pacific region. The firm’s literature in 2025 mentioned its work force operating in 28 countries.
This company was once held by a private equity firm for a period of time before going public via an IPO at the start of 2025. It is now listed in the NSE under HEXT.
Leadership (as reported in 2026): The CEO & Executive Director of the company is R. Srikrishna, CFO is Vikash Jain, and COO is Vinod Chandran.
What Hexaware does
IT services (about 89% of revenue)
- Application development and maintenance: building new software programs and maintaining old systems
- Cloud services: Moving systems into the cloud and their management
- Data and analytics: developing data platforms and reporting systems
- AI and automation: the company has promoted AI-driven platforms like RapidX (software development platform), AgentVerse, and Zerovity, and stated that it works with technology partners such as AWS
- Testing and quality assurance: performance, automated, security, and mobile testing
- Enterprise applications: ERP and CRM implementation and assistance
Business process services, or BPS (about 11% of revenue)
BPS stands for performing business operations for a client like finance and accounting, and customer service and back office operations. It is a smaller part of Hexaware as compared to its IT business and is undergoing transformation through automation.
Where the revenue comes from
As per the company’s Investor Presentation in Q2 CY26:
- By region: in the Americas approximately 74%, in Europe around 20% and in Asia Pacific around 6%
- By industry: healthcare and insurance at 23 percent and manufacturing and consumer at 16 percent, while banking and financial services is another important sector
- Customers: The five largest customers comprised 25% of sales, which is a rather diversified customer base for a technology company
- Large clients: 34 clients earn an annual revenue of more than $10 million each
Latest results: Q2 CY26 (April to June 2026)
Hexaware follows the calendar year, and hence its Q2 CY26 will be April to June 2026. A number of other Indian IT firms follow the financial year starting from March, and hence their Q1 is the same period.
- Revenue: 405.4 million, an increase of 4.4% from last quarter
- Revenue in rupees: around 3,845 crores, rising 17.9% from the previous year (aided by currency fluctuations)
- Constant-currency growth: about 6.3% year over year
- EBIT margin: about 13.6%
- Net profit: around ₹330 crore, a fall of 13% from last year, owing to factors like exchange losses and lack of one-off gains.
- Headcount: 34,506, representing a net increase of 708 individuals during the quarter
- IT attrition: about 11.2%
- Guidance: the company lowered its forecast for revenue growth in fiscal year to 6% to 7% due to project ramp up delays and macroeconomic slowdown, but kept its margin estimate at 13% to 14%.
- Weak spots: travel and transportation especially vulnerable to Middle East factors
What this means
- Hexaware is growing faster than some competitors in terms of revenue but has cut its guidance.
- Its heavy US focus makes its business dependent on US customer spend.
- The firm’s strategy on AI and automation is geared toward protecting its margins against productivity cuts from customers.
- Cheap deals and delayed launches may affect its ability to generate revenues from bookings.
Frequently asked questions
What does Hexaware Technologies do?
They offer IT services like software development, cloud computing, data, AI, testing, and enterprise applications as well as business process services.
Where is Hexaware headquartered?
Navi Mumbai, Maharashtra. Major delivery centers all over India and other branches abroad.
Is Hexaware listed?
Yes. It is available on the NSE and BSE.
Who is Hexaware’s CEO?
- Srikrishna.
How many employees does Hexaware have?
Approximately 34,500 as of the end of June 2026, according to company figures.
Why does Hexaware report calendar-year quarters?
The company’s fiscal year is similar to its calendar year; therefore, Q2 CY26 represents April through June 2026.
Is this a stock recommendation?
No. This is an overview of the company. Go through the official documents and talk to an SEBI registered advisor before you invest.
Sources and further reading
- Hexaware Technologies: Investor Relations, FY26 Q2 results and investor presentation, hexaware.com
- India National Stock Exchange and Bombay Stock Exchange: Hexaware announcements (HEXT)
- PR Newswire: Hexaware quarterly results announcements