Hexaware Q3CY25 Revenue Hits $394.8 Mn, Up 5.5% YoY

Author: Aditya Pareek | EQMint | Press Release

India – 7 th November 2025: Hexaware Technologies (NSE: HEXT), a leading global provider of IT solutions and services, today announced financial results for the third quarter of calendar year 2025 ended Sep 30, 2025.

Financial Summary and Highlights

Revenue:

Q3CY25: USD 394.8 Mn | INR 34,836 Mn

USD: +3.3% QoQ and +5.5% YoY | INR: +6.8% QoQ and +11.1% YoY

Constant Currency: +3.4% QoQ and +5.2% YoY

Profitability:

Reported EBITDA (1):

Q3CY25: 17.5% | +30 bps QoQ and +154 bps YoY in % terms

+5.1% QoQ and +15.6% YoY in absolute terms

Basic EPS:

Q3CY25: INR 6.09 | -2.6% QoQ and +22.3% YoY

Key People Metrics:

Closing Headcount: 33,590, LTM net headcount addition of 1,054

Voluntary Attrition for IT (2) : 11.4%

Q3CY25 Utilization Rate for IT (3) : 83.8%

Other Key Metrics:

DSO (Billed + Unbilled) at 73 in Q3CY25, of which Billed is 37

LTM Q3CY25 Reported Cash Conversion % at 79.6%

Strong Cash and Cash Equivalents position as of Sep 30, 2025 (4) : INR 20,201 Mn (USD 228 Mn) (5)

Leadership Speak

” We delivered solid growth in a difficult macro. More importantly, we continue to invest in our future on several dimensions. We acquired specialist capability in IAM through CyberSolve, created a new vertical in Technology, Products and Platforms with a talented new leader, and launched multiple new domain offerings in AI.” by R. Srikrishna, CEO

“I am pleased to report an EBITDA of 17.5% for the quarter, reflecting a 30 bps improvement quarteronquarter, driven by disciplined operational efficiencies. Our strong cash generation continues, with OCF to EBITDA conversion at 80% on an LTM basis. We also welcome the CyberSolve team to the Hexaware family as we accelerate our strategic growth journey “ by Vikash Jain, CFO

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 every aspect of our solutions and have created a suite of platforms and tools that allow our customers to adapt, innovate, and optimize in this AI-first era. We serve a diverse range of customers, including 30+ Fortune 500 organizations. With a team of 33,590 employees in 28 countries, our presence is spread across major countries, nationalities, languages, time zones, and regulatory zones. For more information, please visit https://hexaware.com/.

Forward-looking Statements

Certain statements in this press release concerning our future growth prospects and litigations are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include, but are not limited to, fluctuations in earnings, our ability to manage growth, intense competition in IT services, wage increases, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time contracts, client concentration, restrictions on work visas and immigration, managing international operations, the effect of current and future tariffs, reduced demand for technology in key areas, and disruptions in telecommunication networks.

Additional risks include technological disruptions such as Generative AI, our ability to complete and integrate acquisitions, liability for damages on service contracts, the performance of products and platforms in which Hexaware has strategic investments, withdrawal of governmental incentives, political instability, legal restrictions on raising capital or acquisitions, outcomes of pending litigation, unauthorized use of intellectual property, and general economic conditions affecting the industry. The Company may make further written or oral forward-looking statements from time to time. We do not undertake to update any such statements unless required by law.

Disclaimer:

Use of Non-GAAP Financials

Hexaware has included certain non-GAAP financial measures in this Press release to supplement Hexaware’s consolidated financial statements presented on a GAAP basis. These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hexaware’s results as reported under GAAP. The non-GAAP financial information that we provide also may differ from the non-GAAP information provided by other companies.

We compensate for the limitations on our use of these non-GAAP financial measures by relying primarily on our GAAP financial statements and using non-GAAP financial measures only supplementally. We believe that providing these non-GAAP financial measures in addition to the related GAAP measures provides investors with greater transparency. We further believe that providing this information better enables investors to understand Hexaware’s operating performance and financial condition.

Rounding off

Certain amounts and percentage figures included in this Press Release have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures preceding them.

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Disclaimer: This article is based on information available from public sources. It has not been reported by EQMint journalists. EQMint has compiled and presented the content for informational purposes only and does not guarantee its accuracy or completeness. Readers are advised to verify details independently before relying on them.