Hexaware Technologies reported $388.5 million in revenue for the first quarter of 2026, marking a 4.6% YoY growth. The company achieved a profit of ₹3,516 million, an increase of 7.5% YoY. Basic EPS rose by 7.2% YoY to ₹5.77. The Board of Directors declared an interim dividend of ₹8.50 per equity share, demonstrating a strong commitment to shareholder returns alongside a disciplined approach to capital allocation.
Financial Highlights
Hexaware Technologies has announced its financial results for the first quarter of the 2026 calendar year. The company delivered a solid performance with revenue reaching $388.5 million, representing a 4.6% YoY increase. In INR terms, revenue stood at ₹36,130 million, a 12.6% YoY growth. The company’s profit for the period was ₹3,516 million, reflecting a 7.5% YoY increase, while the basic EPS rose to ₹5.77, up 7.2% YoY.
Strategic Growth and Operational Metrics
During the quarter, Hexaware continued to expand its high-value customer base, adding two more customers to the $10 million+ revenue category, bringing the total to 34. The company also maintained an IT utilization rate of 82.6%, demonstrating operational efficiency. Leadership emphasized a strategic focus on AI-led transformation, citing customer trust as a key driver for growth throughout 2026.
Dividend and Shareholder Value
In a move reflecting strong cash generation and a healthy balance sheet, the Board of Directors has declared an interim dividend of ₹8.50 per equity share of ₹1 each. This decision underscores the management’s focus on disciplined capital allocation and delivering consistent value to shareholders.
Key Business Wins
Hexaware secured several significant deals across global markets, including:
- A digital ITO and cloud migration contract with a premier American audio equipment manufacturer.
- Multiple consolidation deals with large global and European banks, as well as a global professional services firm.
- New engagements for AI-led fab optimization, Agentic Application Maintenance and Support (AMS), and identity-led cybersecurity with high-tier data center and workspace platform providers.
Source: BSE
