Hexaware Reports CY25 Revenue of USD 1,537.4 Mn, Marking 7.6% YoY Growth Q4CY25 Revenue at USD 389 Mn, Up 4.5% YoY, EBITDA Expands by 65 bps YoY

MUMBAI, India, Feb. 4, 2026 /PRNewswire/ -- Hexaware Technologies (NSE: HEXT), a global provider of IT solutions and services, today announced financial results for the fourth quarter of calendar year 2025 ended December 31, 2025. Hexaware Logo Financial Summary and Highlights USD Mn INR Mn Q4CY25 QoQ (%) YoY (%) Q4CY25 QoQ (%) YoY (%) Revenue 389.0 (1.5 %) 4.5 % 34,782 (0.2 %) 10.3 % EBITDA 65.9 (4.8 %) 8.6 % 5,915 (3.3 %) 15.1 % PAT 32.5 (22.5 %) (14.4 %) 2,916 (21.2 %) (9.1 %) CY25 USD Mn CY25 YoY (%) Revenue 1,537.4 7.6 % EBITDA 263.3 15.9 % PAT 157.0 12.1 % Constant Currency Growth CY25 Q4CY25 YoY % QoQ % YoY % Revenue 7.1 % (1.4 %) 3.5 % Revenue: • Q4CY25: USD 389 Mn | INR 34,782 Mn • USD: (1.5%) QoQ and +4.5% YoY | INR: (0.2%) QoQ and +10.3% YoY • Constant Currency: (1.4%) QoQ and +3.5% YoY • CY25: USD 1,537.4 Mn | INR 134,304 Mn • USD: +7.6% YoY | INR: +12.2% YoY • Constant Currency: +7.1% YoY Profitability: • Reported EBITDA (1) : • Q4CY25: 17.0% | -60 bps QoQ & +65 bps YoY in % terms | (4.8%) QoQ & +8.6% YoY in absolute terms • CY25: 17.1% | +122 bps YoY in % terms | +15.9% YoY in absolute terms • Basic EPS (2) : • Q4CY25: INR 4.79 | (21.3%) QoQ & (8.8%) YoY • CY25: INR 22.51 | +16.2% YoY Key Client Metrics • Added 1 customer in the USD 100 Mn+ category • Added 1 customer in the USD 50 Mn+ category: 4 in CY25 vs 3 in CY24 • Top 10 customers' revenue concentration: 36.4% in CY25 Key People Metrics • Closing Headcount: 33,844, Net added 1,535 since Q4CY24 • Voluntary Attrition for IT(3): 11.0% • Q4CY25 Utilization Rate for IT(4): 80.8% Other Key Metrics • DSO (Billed + Unbilled) at 67 in Q4CY25, of which Billed is 38 • CY25 Adjusted Cash Conversion % at 75.8%(5) • Strong Cash and Cash Equivalents position as of December 31, 2025: USD 237 Mn (6) (7) • INR 11.5 per share of dividend paid in CY25 Leadership Speak " With rapidly improving capabilities of AI, our most important strategy is speed and agility. We are challenging ourselves to launch a new service enabled by AI every month and take every new service to our most important customers within 90 days from launch. While CY 2025 was a challenging year for the industry, we have accelerated deal wins in the later part of the year that sets us up for a better CY 2026." R. Srikrishna, CEO "This year, we navigated a challenging macroeconomic environment with disciplined execution, resulting in healthy margin expansion on YoY basis. Our continued discipline on working capital management led to a very healthy cash flow conversion of 75%+. This year we also closed two capability led acquisitions. We are excited about our future growth and long-term value creation" Vikash Jain, CFO Financial Performance Revenue Performance by Vertical In USD Million Q4CY25 QoQ Q4CY25 YoY CY25 YoY Financial Services 0.0 % 8.4 % 14.0 % Healthcare and Insurance (9.0 %) 2.1 % 7.2 % Manufacturing and Consumer (0.7 %) 15.0 % 1.4 % High Tech and Professional Services (4.5 %) (15.3 %) 0.9 % Banking 11.1 % 15.1 % 7.9 % Travel and Transportation 5.1 % 10.8 % 12.8 % Total Revenue (1.5 %) 4.5 % 7.6 % Revenue Performance by Geography In USD Million Q4CY25 QoQ Q4CY25 YoY CY25 YoY Americas (3.3 %) 2.5 % 9.5 % Europe 1.1 % 10.3 % 3.2 % Asia Pacific 14.9 % 12.2 % (1.3 %) Total Revenue (1.5 %) 4.5 % 7.6 % Key Wins • Secured a large consolidation deal with a global technology giant, strengthening our scale. • Won an application development and cloud modernization engagement with one of the world's largest development banks. • Selected by a major North American pet insurance holding company for full stack services. • Partnered with a leading global multiline insurer to support its enterprise-wide technology modernization initiatives. • Secured a deal for building agentic AI for many steps in clinical research with a global Clinical Research Organization (CRO). • Won an application development, digital ITO and M&A playbook deal with world's largest casual dining company. • Secured an opportunity to scale GCC with a leading technology services firm based in Asia. • Awarded a product engineering and platform support engagement by a PE-backed leading pharmacy benefit management company. About Hexaware We are a global digital and technology services company with artificial intelligence ("AI") at its core. We leverage technology to deliver innovative solutions that help our customers in their digital transformation journey and subsequent operations. We embed AI into eve