Hexaware Q1CY26 revenue up 4.6% YoY; EPS ₹5.77

Key update from the company

Hexaware Technologies reported its financial results for the first quarter of calendar year 2026, showing year-on-year growth across revenue, profit, and earnings per share. The company said revenue for Q1CY26 came in at $188.5 million, up 4.6% YoY. In rupee terms, it reported revenue of ₹36,130 million, translating into 12.6% YoY growth. Profit for the period was ₹3,516 million, up 7.5% YoY. Basic EPS increased 7.2% YoY to ₹5.77.

Q1CY26 revenue growth in both reporting currencies

Hexaware’s Q1CY26 revenue was reported in both dollars and rupees, reflecting its global client base and reporting format. The company reported $188.5 million in revenue for the quarter, representing 4.6% YoY growth. It also reported revenue of ₹36,130 million, which it said was up 12.6% YoY in INR terms. The gap between the two growth rates highlights the impact of currency movement between reporting periods. Beyond the headline numbers, the company positioned the quarter as steady execution, supported by customer additions and operational utilisation.

Profitability and per-share earnings

Profit for the quarter was ₹3,516 million, representing a 7.5% YoY increase, according to the company. Basic EPS rose to ₹5.77, up 7.2% YoY. These metrics indicate that earnings growth outpaced reported dollar revenue growth for the period. The company did not provide additional line-item drivers in the provided extract, but it did flag operational efficiency through utilisation. Investors typically track EPS growth closely in IT services as a proxy for delivery efficiency and cost discipline.

Interim dividend declared at ₹8.50 per share

Hexaware’s Board of Directors declared an interim dividend of ₹8.50 per equity share. The dividend is on an equity share of face value ₹1 each. The company linked the payout decision to strong cash generation and a healthy balance sheet, while also emphasising disciplined capital allocation. For shareholders, an interim dividend announcement alongside quarterly results often serves as a signal on cash flow confidence. However, dividend decisions are also weighed against investment needs, particularly when companies are investing in platforms and delivery capabilities.

High-value customer additions: $10 million+ cohort expands

During the quarter, Hexaware added two more customers to its $10 million-plus revenue category. This took the total number of such customers to 34. Tracking the number of large clients is relevant for investors because it can reflect account mining success and revenue concentration trends. Adding customers to higher revenue brackets can also support visibility, although it may increase dependence on fewer large accounts. The company did not disclose names of the customers in the provided text.

Utilisation rate at 82.6%

Hexaware reported an IT utilisation rate of 82.6% for the quarter. Utilisation is a key operational metric in IT services because it influences margins, delivery capacity, and the need for incremental hiring. A stable or improving utilisation rate can indicate better project staffing and bench management. The company described the number as demonstrating operational efficiency. It did not provide a comparative utilisation figure in the provided extract.

Strategic commentary: focus on AI-led transformation

Leadership commentary in the release referenced a strategic focus on AI-led transformation. The company cited customer trust as a key driver for growth through 2026. While the update does not quantify AI-related revenue, it indicates the direction of product and delivery investments. Across the IT services sector, AI-led deals often combine legacy modernisation, data engineering, cloud, and automation, and can influence both pricing and delivery models. Investors typically look for evidence of repeatable solutions, platform leverage, and conversion of pilots into larger engagements.

Additional profitability context: EBITDA details referenced

Alongside the Q1CY26 snapshot, the provided text also referenced an EBITDA datapoint: EBITDA of ₹5,970 million versus ₹5,280 million YoY, and an EBITDA margin of 16.53% versus 16.45% YoY. The reference is presented as part of the broader results coverage included in the input. While the quarter label in that line is stated as Q4, the numbers add context on margin stability around the mid-16% range. For IT services companies, even small margin movements can influence market reaction, given sensitivity to wage costs, utilisation, and deal ramp-ups.

Earnings call scheduled for May 7, 2026

Hexaware has scheduled its Q1 CY26 earnings conference call for May 7, 2026 at 8:00 AM IST. The company said it will provide both video webcast and dial-in options, including international access numbers across multiple countries. It also said the call will include a live Q&A session. Following the call, the investor presentation and transcript are expected to be made available on the company website.

Key numbers at a glance

Market impact and what investors typically track next

The headline outcome for the quarter is that Hexaware reported positive YoY growth across revenue, profit, and EPS, along with an interim dividend announcement. In the near term, investor attention is likely to stay on the earnings call for management commentary on demand conditions and execution priorities, especially around AI-led transformation. The addition of two clients to the $10 million-plus cohort will also be watched in the context of sustained large-deal conversion. Utilisation at 82.6% provides a reference point for operational efficiency going into the next quarter.

Conclusion

Hexaware’s Q1CY26 update showed revenue of $188.5 million and ₹36,130 million, profit of ₹3,516 million, and basic EPS of ₹5.77, alongside an interim dividend of ₹8.50 per share. The company also reported expansion in its high-value customer base and an IT utilisation rate of 82.6%. The next formal checkpoint for investors and analysts is the Q1 CY26 earnings conference call scheduled for May 7, 2026, which is expected to provide additional operational and business commentary.