Hexaware Tech Posts Q2 Revenue at $405M, Up 6% YoY

Hexaware Technologies reports Q2CY26 revenue of USD 405.4 million, reflecting steady year-on-year growth and improved operating margins.

In a formal financial disclosure released on Wednesday, July 29, 2026, Hexaware Technologies announced its consolidated performance metrics for the second quarter of calendar year 2026 (Q2CY26). Headquartered in Mumbai, the global IT solutions provider recorded total revenues of USD 405.4 million (INR 38,452 million), marking a 6.1% increase compared to the same period in the previous year. Company executives attributed the steady upward trajectory to robust enterprise demand for digital transformation, cloud migration, and artificial intelligence integration services.

Financial Performance and Margins

The latest quarterly figures highlight positive growth across multiple financial benchmarks. According to the official earnings statement, Hexaware achieved a sequential revenue growth of 4.4% in US dollar terms and 6.4% in Indian rupee terms. On a constant currency basis, quarterly revenue expanded by 4.4% sequentially and 6.3% year-on-year.

Profitability metrics also exhibited positive momentum. The company reported an Earnings Before Interest and Taxes (EBIT) margin of 13.6% for Q2CY26, registering a sequential expansion of 68 basis points (bps). In absolute terms, EBIT grew by 9.8% over the preceding quarter. Financial analysts noted that disciplined cost management alongside high-margin digital project executions helped stabilize operating margins despite inflationary wage pressures across the technology sector.

Client Metrics and Strategic Expansion

Operational data within the filing underscored positive shifts in customer concentration and account expansion. Hexaware added one new customer to its USD 20 million-plus category on a trailing twelve-month (LTM) basis, bringing the total count of high-value accounts to 16, up from 15 in the prior quarter. Meanwhile, revenue concentration from the top 10 clients stood at 35.7% for Q2CY26, indicating a diversified client portfolio. Institutional investors continue to evaluate these metrics as indicators of long-term revenue resilience and reduced customer dependency.

Why It Matters

For enterprise clients and IT procurement leaders, financial stability and margin expansion signal a dependable vendor capable of funding long-term research and development in emerging technologies like agentic AI and cloud infrastructure. For public market investors, Hexaware’s ability to grow its top-line revenue while simultaneously expanding EBIT margins provides a favorable indicator of operational efficiency in a competitive technology landscape.

Key Facts at a Glance

• Q2CY26 Revenue: Reached USD 405.4 million (INR 38,452 million).

• Growth Rates: Up 6.1% year-on-year in USD terms and 6.3% on a constant currency basis.

• Operating Margin: EBIT margin stood at 13.6%, reflecting a 68 bps expansion quarter-on-quarter.

• Client Base: Expanded the USD 20 million-plus client bracket to 16 accounts.

FAQ Section

What was Hexaware's total revenue for Q2CY26?

Hexaware reported a total revenue of USD 405.4 million (INR 38,452 million) for the second quarter of calendar year 2026.

How much did revenue grow compared to the previous year?

In US dollar terms, revenue increased by 6.1% year-on-year, while constant currency growth was recorded at 6.3%.

What was the operating margin reported by the company?

The EBIT margin for Q2CY26 stood at 13.6%, representing a 68 basis point improvement over the preceding quarter.

How did the high-value client segment perform?

Hexaware added one new customer to its USD 20 million-plus revenue bracket, increasing the total count of such key accounts to 16.

Source: Hexaware Technologies, PR Newswire