Hexaware Q2CY26: Growth holds, guidance narrows

Revenue was USD 405.4 million (INR 38,452 million) in Q2CY26.

Reported EBIT margin was 13.6% in Q2CY26, up 68 bps QoQ.

Americas contributed 73.6%, Europe 19.9%, and Asia Pacific 6.5% of revenue in Q2CY26.

IT Services contributed 85.2%, BPS 11.4%, and Others 3.3% of revenue in Q2CY26.

The company reduced CY26 revenue growth guidance to 6-7%, including 50 bps from the CP rebadging deal.

Management reiterated an EBIT margin guidance range of 13.0% to 14.0%.

Closing headcount was 34,506; IT voluntary attrition was 11.2% (TTM); IT utilization was 84.8% in Q2CY26.