Hexaware Soars: Tech Giant Reports 13.7% Revenue Surge in CY24, Outpacing Industry Growth

Hexaware Technologies has posted exceptional financial performances in CY24 with revenue jumping to $1,429 million, representing a 13.7% growth over the corresponding period last year. The fourth-quarter CY24 performance was spectacular with revenue scaling a record high of $372.3 million, a rise of 18.5% YoY. Hexaware's EBITDA margin grew to 16.3% during Q4 from 326 bps YoY. The tech company's good performance can be traced back to its AI-first strategy, where 99% of its IT employees were trained in AI and Generative AI. CEO R Srikrishna welcomed the public relisting of the company and underlined Hexaware's emphasis on client-led innovation and people building.

 

 

Sources: NSE India, PR Newswire, Hexaware Technologies Investor Presentation