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Hexaware shares tumble nearly 10% after weak results; Co says growth to pick up after Q1 2026The management of Hexaware believes that the demand environment is improving, and decision-making has become better. The company won all expected deals in Q4CY25, except for one large consolidation deal that remains a work-in-progress.By Reema Tendulkar   |  Gareema Bangad  February 5, 2026, 10:24:12 AM IST (Published)2 Min ReadShares of Hexaware Technologies fell nearly 10% on Thursday, February 5, after the company reported a weak operational performance in the fourth quarter of calendar year 2025, with revenue declining sequentially and margins missing estimates.

The company's Constant Currency revenue fell 1.4% from the previous quarter, in-line with what was anticipated by the street.

For Q4CY25, dollar revenue declined 1.5% QoQ to $389 million from $394.8 million, while rupee revenue slipped 0.2% to ₹3,478.2 crore from ₹3,483.6 crore.

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The management of Hexaware believes that the demand environment is improving, and decision-making has become better. The company won all expected deals in Q4CY25, except for one large consolidation deal that remains a work-in-progress.

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For CY25, Hexaware reported dollar revenue growth of 7.6% to $1,537.4 million from $1,428.9 million, with CC revenue growth of 7.1%. EBITDA margin improved to 17.1% from 15.9%, while PAT rose to ₹1,368.3 crore from ₹1,174 crore.

Looking ahead, the company expects reported revenue growth in 2026 to be better than the 2025 growth figure of 7.6% and guided for a CY26 EBIT margin range of 13%–14%. The firm noted that EBIT for the first quarter of calendar year 2026 is likely to be lower than the previous quarter, driven by seasonal factors and ramp-ups related to rebadging deals, with expectations of stronger performance in the second half of the year.

Hexaware said Banking and Healthcare & Insurance are expected to lead growth in CY26, followed by Financial Services and GTT. Total headcount stood at 33,844 at the end of CY25, with a net addition of 1,535 during the year. Voluntary IT attrition was 11% on a trailing twelve-month basis.

On artificial intelligence, R Srikrishna, CEO of the company, said, “With rapidly improving capabilities of AI, our most important strategy is speed and agility. We are challenging ourselves to launch a new service enabled by AI every month and take every new service to our most important customers within 90 days from launch."

Shares of Hexaware Technologies are trading 9.2% lower on Thursday at ₹626.56. The stock is trading below its IPO price of ₹708.Continue ReadingTagsBankingEarnings AnalysisHealthcare SectorHexaware Technologiesinsurance industryshare market today