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HEXT - Hexaware Tech.

📊 NSE: HEXT 🏢 Computers - Software & Consulting 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Hexaware Ranks in Top 10% of IT Services in S&P Global Sustainability Yearbook 2026

🟢 POSITIVE ⭐ 4/10

OTHER 📅 10 Mar 2026, 11:02 AM

Hexaware Technologies has been included in the S&P Global Sustainability Yearbook 2026, placing it in the top 10% of the IT Services industry. The company achieved a Corporate Sustainability Assessment (CSA) score of 83 out of 100 as of February 2026. Out of more than 9,200 companies assessed globally, only 848 qualified for this inclusion, reflecting Hexaware's robust ESG practices. This recognition highlights the company's focus on long-term governance and responsible business operations.

Ranked in the top 10% of the global IT Services industry for sustainability practices.
Achieved a high S&P Global Corporate Sustainability Assessment score of 83/100.
Selected as one of only 848 companies globally from a pool of over 9,200 assessed entities.
Met stringent criteria including scoring within the top 15% of the industry and 30% of the top performer.

💡 This recognition enhances the company's profile for ESG-focused institutional investors and indicates strong corporate governance. Investors should consider this a positive indicator of long-term risk management and operational sustainability.

Hexaware Partners with AWS to Launch AI-Powered SDLC Solutions via RapidX and Kiro

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 24 Feb 2026, 05:35 PM

Hexaware Technologies has expanded its collaboration with Amazon Web Services (AWS) to integrate AI into the software development lifecycle (SDLC). The company is leveraging its proprietary platforms, RapidX® and Kiro, to help enterprises move from prototypes to production-ready code faster. This initiative aims to improve developer productivity and modernize legacy applications using Amazon Bedrock for secure, private LLM options. The partnership is part of a broader Strategic Collaboration Agreement to accelerate cloud and AI-led transformation for global clients.

Expanded collaboration with AWS to deliver AI-enabled SDLC capabilities globally.
Utilization of RapidX® and Kiro platforms to automate requirements gathering, coding, and testing.
Integration with Amazon Bedrock to provide enterprise-grade security and private LLM options.
Focus on reducing time-to-market and modernizing legacy applications for enterprise clients.

💡 This move strengthens Hexaware's positioning in the AI-led digital transformation space. Investors should monitor how this partnership translates into new contract wins and improved delivery margins.

Hexaware Appoints Alok Misra as Independent Director; Shantanu Baruah to Lead North America Hunting

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 23 Feb 2026, 08:57 PM

Hexaware Technologies has announced a strategic refresh of its Board and Senior Management team. Mr. Alok Chandra Misra, a veteran finance professional and former Group CFO of WNS and MphasiS, joins as an Independent Director for a three-year term. Concurrently, Mr. Vivek Sharma has resigned from the Board due to other professional commitments. Additionally, the company has tasked Shantanu Baruah, President of Healthcare & Insurance, with the critical role of North America Hunting Head to accelerate regional growth.

Appointment of Alok Chandra Misra as Independent Director for a 3-year term effective February 23, 2026.
Alok Misra brings high-level expertise from previous roles as Group CFO at WNS and MphasiS and Operating Partner at General Atlantic.
Shantanu Baruah, with 25+ years of industry experience, appointed as North America Hunting Head to drive new business acquisition.
Resignation of Vivek Sharma as Independent Director effective close of business on February 23, 2026.
Reconstitution of five major Board committees including Audit, Risk Management, and Cybersecurity.

💡 Investors should view the addition of a seasoned finance professional to the board as a positive for governance and strategic oversight. Monitor the company's upcoming quarterly results for any early signs of improved deal wins in North America following the management change.

Hexaware Appoints Alok Misra as Independent Director; Shantanu Baruah to Lead North America Hunting

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 23 Feb 2026, 08:57 PM

Hexaware Technologies has appointed Alok Chandra Misra, a former Group CFO of WNS and MphasiS, as an Independent Director for a three-year term effective February 23, 2026. This appointment follows the resignation of Vivek Sharma from the board due to other professional commitments. Additionally, the company has expanded the role of Shantanu Baruah, President of Healthcare & Insurance, to include the position of North America Hunting Head. These changes are aimed at strengthening corporate governance and driving aggressive growth in the North American market.

Appointment of Alok Chandra Misra as Independent Director for a 3-year term ending February 2029.
Alok Misra brings significant expertise as the former Operating Partner at General Atlantic and CFO of WNS Group.
Shantanu Baruah assigned additional responsibility as North America Hunting Head to accelerate new client acquisition.
Resignation of Vivek Sharma as Independent Director effective close of business on February 23, 2026.
Reconstitution of five board committees including Audit, Risk Management, and Cybersecurity to include the new director.

💡 Investors should view the induction of a high-caliber finance professional to the board as a positive step for governance and oversight. Monitor if the new leadership focus in North America translates into improved deal wins in the coming quarters.

Hexaware Appoints Alok Misra as Independent Director; Shantanu Baruah to Lead North America Hunting

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 23 Feb 2026, 08:57 PM

Hexaware Technologies has announced a strategic board reshuffle, appointing Alok Chandra Misra, a former CFO of WNS and MphasiS, as an Independent Director for a three-year term. Simultaneously, Vivek Sharma has resigned as an Independent Director due to other professional commitments. The company has also expanded the role of Shantanu Baruah, President of the Healthcare & Insurance vertical, to include the strategic position of North America – Hunting Head. These changes are aimed at strengthening corporate governance and driving aggressive growth in the critical North American market.

Mr. Alok Chandra Misra appointed as Independent Director for a 3-year term effective February 23, 2026.
Mr. Misra brings deep industry expertise as former Group CFO of WNS and MphasiS and Operating Partner at General Atlantic.
Mr. Shantanu Baruah, with 25+ years of experience, takes on the additional role of North America – Hunting Head to drive new client acquisitions.
Mr. Vivek Sharma resigned as Independent Director and ceased membership in Stakeholders Relationship and CSR committees.
Board committees including Audit, Risk Management, and Cybersecurity have been reconstituted to include the new appointee.

💡 Investors should view the addition of a seasoned finance professional to the board and the focus on North American sales leadership as positive steps for governance and growth. Monitor the company's upcoming quarterly results for signs of improved deal wins in the North American geography.

Hexaware Technologies to Participate in Kotak Chasing Growth 2026 Investor Conference

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Feb 2026, 12:42 PM

Hexaware Technologies Limited has announced its participation in the 'Kotak - Chasing Growth 2026' investor conference. The event is scheduled to take place in Mumbai from February 23 to February 26, 2026. This physical group meeting serves as a platform for the company to interact with institutional investors and analysts. Such disclosures are mandatory under SEBI (LODR) Regulations, 2015, to ensure transparency regarding management interactions with the investment community.

Participation in the Kotak - Chasing Growth 2026 conference in Mumbai.
Interaction scheduled between February 23 and February 26, 2026.
The meeting format is physical and categorized as a group meet.
Disclosure made in compliance with SEBI Listing Obligations and Disclosure Requirements.

💡 Investors should monitor the company's website for any investor presentations or transcripts that may be released following the conference for insights into the business outlook.

Hexaware Partners with Replit to Launch RapidX AI Integration and New Chennai CoE

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 17 Feb 2026, 05:02 PM

Hexaware Technologies has expanded its strategic partnership with Replit to integrate its RapidX agentic AI platform with Replit's software creation tools. This collaboration allows enterprises to move from prototyping to production-ready applications using natural language, targeting both new builds and modernization projects. As part of the initiative, Hexaware has established a dedicated AI Center of Excellence (CoE) in Chennai and launched specialized 'Replit squads' for client delivery. The partnership leverages Replit's global reach of over 500,000 business users to drive AI-assisted software development at scale.

Integration of Hexaware’s RapidX platform with Replit for natural-language-driven software production.
Establishment of a new Center of Excellence (CoE) for AI in the Software Development Life Cycle in Chennai.
Launch of dedicated 'Replit squads' to facilitate AI-assisted delivery and engineering practices.
Replit brings a global user base of over 500,000 business users to the partnership ecosystem.
Early engagements demonstrated impact in pharmaceutical commerce simulations and accelerated prototyping.

💡 Investors should monitor the adoption of the RapidX platform and its impact on Hexaware's digital service margins. This partnership strengthens the company's positioning in the high-growth AI-driven software engineering market.

Hexaware Partners with CareInsight for AI-Driven Healthcare Transformation

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 12 Feb 2026, 09:37 PM

Hexaware Technologies has announced a strategic partnership with CareInsight, an AI-native healthcare technology firm, to deploy production-grade AI solutions at scale. The collaboration integrates CareInsight's specialized platforms, including careassistant.ai™ and health3d.ai™, into Hexaware's healthcare service offerings. This move targets the healthcare payer and provider markets, focusing on reducing administrative burdens and improving operational coordination through AI. The partnership aims to transition clients from experimental AI pilots to enterprise-wide deployment, enhancing Hexaware's competitive edge in the healthcare IT vertical.

Strategic partnership with CareInsight to deliver AI-native platforms for healthcare payers and providers.
Integration of CareInsight’s AI tools including careassistant.ai™, carewallet.ai™, voice assist, and health3d.ai™.
Focus on production-grade AI deployment to move beyond isolated use cases to enterprise-scale workflows.
Aims to deliver measurable improvements in operational efficiency, care quality, and financial performance for clients.

💡 Investors should monitor Hexaware's healthcare vertical growth as this partnership strengthens its AI capabilities in a high-demand sector. Watch for upcoming quarterly results to see if this collaboration leads to increased deal wins or improved margins in the healthcare segment.

Hexaware Launches 'Zero License' to Replace SaaS with Agentic AI and Reduce Costs

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 10 Feb 2026, 05:01 PM

Hexaware Technologies has launched 'Zero License,' a new enterprise offering designed to replace complex SaaS workflows with Agentic AI. The solution aims to significantly reduce software license costs and eliminate manual effort by using AI agents as the primary execution layer over existing systems. This strategic move targets high-growth sectors like Banking, Healthcare, and Insurance, where workflow automation is critical. By focusing on outcomes rather than just tools, Hexaware expects to help clients simplify their technology stacks and achieve ROI within months.

Launch of 'Zero License' to transition enterprises from SaaS-heavy stacks to Agentic AI execution in months.
Aims to eliminate 'zombie licenses' and reduce integration overhead for global enterprises.
Targeted applications include KYC in Banking, claims processing in Insurance, and member workflows in Healthcare.
The offering positions AI as the 'system of action' while maintaining existing platforms as 'systems of record.'
Focuses on reducing software license spend and accelerating cycle times through automated execution.

💡 Investors should monitor the adoption rate of this AI-led framework as it could drive higher-margin service revenue. Watch for specific client win announcements in the Banking and Healthcare verticals as proof of concept.

Hexaware Launches 'Zero License' to Replace SaaS with Agentic AI

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 10 Feb 2026, 02:17 PM

Hexaware Technologies has introduced 'Zero License,' a strategic offering designed to replace complex SaaS workflows with Agentic AI. The solution aims to help enterprises reduce software license costs and eliminate manual effort by shifting from managing tools to executing outcomes. By positioning AI agents as the primary execution layer, Hexaware targets significant reductions in 'zombie licenses' and integration overhead within months. This launch focuses on high-growth sectors like BFSI, Healthcare, and Manufacturing, potentially enhancing the company's service margins.

New 'Zero License' offering aims to replace SaaS stacks with AI in months, not years.
Targets reduction in software license costs by eliminating zombie licenses and shelfware.
Focuses on automating workflows in Healthcare, Insurance, Banking, and Manufacturing.
Positions AI agents as the primary execution layer over existing systems of record.

💡 Investors should watch for contract wins related to this AI offering as it represents a shift toward higher-value consulting. Success in this segment could improve Hexaware's competitive positioning against larger IT peers.

Hexaware Named Top 15 Global Sourcing Standout by ISG in 4Q 2025 Index

🟢 POSITIVE ⭐ 4/10

OTHER 📅 06 Feb 2026, 07:51 PM

Hexaware Technologies has been recognized as a Top 15 Sourcing Standout in the Breakthrough 15 category by Information Services Group (ISG). This ranking is based on the Annual Contract Value (ACV) won over the past 12 months, as reported in the 4Q 2025 Global ISG Index. The recognition underscores Hexaware's increasing market share and its success in securing significant contracts in the global technology services industry. The company's focus on AI-led delivery and digital transformation continues to drive its competitive momentum.

Ranked among the Top 15 global providers in the Breakthrough 15 category by ISG
Selection based on Annual Contract Value (ACV) performance over the trailing 12-month period
Featured in the 4Q 2025 Global ISG Index, a benchmark for the technology and business services industry
CEO R. Srikrishna highlighted the company's focus on practical AI applications and platform modernization

💡 This industry recognition confirms Hexaware's strong sales momentum and ability to compete for high-value contracts. Investors should view this as a positive indicator of the company's brand strength and future revenue potential.

Hexaware Reports CY25 Revenue Growth of 12.2% to ₹13,430 Cr; Guides for Stronger CY26

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 04 Feb 2026, 08:48 PM

Hexaware Technologies reported a steady performance for CY25 with revenue reaching USD 1,537.4 million, a 7.6% YoY growth in USD terms. While Q4CY25 saw a slight sequential dip in revenue of 1.5% QoQ, the full-year EBITDA margin improved by 122 bps to 17.1%. The company has provided an optimistic outlook for CY26, expecting revenue growth to exceed the 7.6% achieved in CY25. However, management cautioned that Q1CY26 will be seasonally weak with lower EBIT margins due to large deal ramp-ups.

Full-year CY25 revenue grew 12.2% YoY to INR 1,34,304 Mn, while USD revenue reached $1,537.4 Mn.
EBITDA margin for CY25 expanded by 122 bps to 17.1%, although Q4 margin dipped slightly to 17.0%.
Net profit for CY25 stood at USD 157 Mn, representing a 12.1% YoY growth compared to CY24.
Client concentration improved with 4 customers now in the $50Mn+ category versus 3 in the previous year.
Management guides for CY26 revenue growth to be higher than CY25, targeting an EBIT margin of 13.0% to 14.0%.

💡 Investors should monitor the execution of large deal wins in H1 CY26, as management expects these to drive stronger growth in the second half of the year. The stock remains a watch for its AI-driven service expansion and improving demand environment in Banking and Healthcare verticals.

Hexaware Technologies Approves FY25 Audited Results; Subsidiary Revenue Reaches Rs 39,449 Million

🔵 WATCH ⭐ 8/10

EARNINGS 📅 04 Feb 2026, 08:36 PM

Hexaware Technologies has approved its audited financial results for the quarter and full year ended December 31, 2025. The company received an unmodified audit opinion from B S R & Co. LLP, confirming the reliability of the financial statements. Data from 23 subsidiaries shows a combined annual revenue of Rs 39,449 million and a net profit of Rs 1,666 million. The board also updated its internal insider trading code to align with the latest SEBI regulatory requirements.

Approved audited consolidated financial results for the fiscal year ended December 31, 2025.
Combined revenue from 23 subsidiaries stood at Rs 39,449 million for the year.
Subsidiaries contributed a total net profit after tax of Rs 1,666 million.
Total assets for the subsidiary group were reported at Rs 27,190 million as of year-end.
Board approved amendments to the Securities Dealing Code under SEBI Insider Trading Regulations, 2025.

💡 Investors should examine the full consolidated report to compare year-on-year growth and margin performance against industry peers. The clean audit report is a positive sign for corporate governance.

Hexaware Grants 2,67,300 Stock Options Under ESOP 2024 at INR 382.5 Exercise Price

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Feb 2026, 10:09 PM

Hexaware Technologies has approved the grant of 2,67,300 employee stock options under its 2024 ESOP scheme. The grant was finalized by the Nomination and Remuneration Committee on February 3, 2026. Each option entitles the holder to one equity share of face value INR 1 at an exercise price of INR 382.5. This initiative is designed to retain talent and align employee incentives with the company's long-term growth objectives.

Grant of 2,67,300 stock options to eligible employees under the ESOP 2024 scheme
Exercise price fixed at INR 382.5 per equity share
Total shares arising from exercise would be 2,67,300 of face value INR 1 each
Approved by the Nomination and Remuneration Committee on February 3, 2026

💡 This is a routine talent retention measure with minimal immediate impact on financials. Investors should note the minor future equity dilution as these options vest and are eventually exercised.

Hexaware Announces Merger of Netherlands Subsidiaries Mobiquity Consulting and Mobiquity B.V.

🟡 NEUTRAL ⭐ 4/10

M&A 📅 31 Jan 2026, 06:47 PM

Hexaware Technologies has received approval from the Court in Amsterdam for the merger of its step-down subsidiary, Mobiquity Consulting B.V., into Mobiquity B.V., effective January 31, 2026. Mobiquity Consulting reported a turnover of Euro 556,994 for the quarter ended September 30, 2025, while Mobiquity B.V. reported Euro 4,068,609. The merger is an internal restructuring aimed at consolidating complementary technology-enabled services under a single entity. As both are wholly owned step-down subsidiaries, there is no cash consideration or change in the shareholding pattern of the listed parent company.

Merger of Mobiquity Consulting B.V. into Mobiquity B.V. approved by Amsterdam Court effective Jan 31, 2026
Mobiquity Consulting B.V. reported Q2 FY26 revenue of Euro 556,994
Mobiquity B.V. reported Q2 FY26 revenue of Euro 4,068,609
Internal restructuring with no cash consideration or change in parent company shareholding
Consolidation focuses on digital experience, product engineering, and cloud services

💡 This is a routine internal consolidation to improve operational efficiency and administrative simplicity. Investors should monitor if such consolidations lead to improved margins in the European geography over the long term.

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💰 Financial Performance

Revenue Growth by Segment

Financial Services grew 12.2% YoY (29.7% of revenue); Healthcare and Insurance grew 9.4% YoY (22.3% of revenue); Manufacturing and Consumer grew 8.0% YoY (16.2% of revenue); Banking grew 9.9% YoY (8.7% of revenue); High Tech and Professional Services declined 10.1% YoY (15.3% of revenue); Travel and Transportation declined 2.5% YoY (7.8% of revenue).

Geographic Revenue Split

Americas contributes 75.6% (up 8.4% YoY); Europe contributes 18.9% (down 0.7% YoY); Asia Pacific contributes 5.5% (down 8.4% YoY).

Profitability Margins

Reported Profit Margin was 10.6% in Q3CY25, a decrease of 103 bps QoQ but an improvement of 106 bps YoY. EBIT Margin stood at 15.0%, flat QoQ but up 134 bps YoY.

EBITDA Margin

EBITDA Margin was 17.6% in Q3CY25, expanding 154 bps YoY and 25 bps QoQ. Absolute EBITDA reached INR 611.6 Cr, a 21.8% increase YoY.

Capital Expenditure

Capital expenditure for 9MCY25 was INR 129.6 Cr, compared to INR 88.6 Cr in 9MCY24, representing a 46.3% increase to support infrastructure and growth.

Credit Rating & Borrowing

Finance costs for Q3CY25 were INR 26.0 Cr, up 15.0% YoY. Total borrowings and lease payments for 9MCY25 amounted to INR 138.9 Cr.

⚙️ Operational Drivers

Raw Materials

Human Capital/Employee Benefit Expenses represent 56.9% of total revenue; Software License Costs represent approximately 2% of revenue.

Import Sources

Primary talent sourcing is from India (Offshore) and the United States (Onshore).

Key Suppliers

Not disclosed in available documents; however, the company utilizes third-party software vendors for license-based revenue segments.

Capacity Expansion

Current headcount is 33,590 employees as of Q3CY25, with a net addition of 1,180 professionals in the quarter (750 in IT, 413 in BPS).

Raw Material Costs

Employee benefit expenses were INR 1,983.5 Cr in Q3CY25, up 9.6% YoY, driven by a ninth straight quarter of headcount additions and wage management.

Manufacturing Efficiency

IT Business Professional utilization rate was 83.8% in Q3CY25, showing consistent efficiency above the 83% threshold.

Logistics & Distribution

Not applicable; service delivery is digital and via onshore/offshore professional deployment.

📈 Strategic Growth

Expected Growth Rate

11.1%

Growth Strategy

Growth is driven by a 'consolidation deal' strategy, having won a large deal with a Top 3 Canadian Bank. The company is expanding its High-Tech vertical under new leadership and integrating the SMC acquisition ($66M EV) to penetrate the GCC and marketing analytics space. Management expects CY26 to outperform CY25 through volume growth and increased offshore delivery.

Products & Services

Digital ITO Services, Service Now implementations, Generative AI Strategy and Consulting, Managed End-user Technology, BPS Services, and Product Engineering.

Brand Portfolio

Hexaware Technologies, SMC (Soft-Link International).

New Products/Services

Generative AI Strategy and Consulting services; Marketing Analytics via the SMC acquisition.

Market Expansion

Expansion into the Canadian banking sector and strengthening presence in the US Mid-Market for Future of Work services.

Market Share & Ranking

Recognized as a 'Leader' in ISG Provider Lens for Generative AI Strategy (Midsize) and Managed End-user Technology (Mid Market).

Strategic Alliances

Partnerships with ISG for Digital Case Studies and Gartner for IT service evaluations.

🌍 External Factors

Industry Trends

The industry is shifting toward Generative AI and GCC (Global Capability Center) models. Hexaware is positioning itself as a leader in mid-market AI strategy to capture this 5-10% growth trend.

Competitive Landscape

Competes with global IT majors and mid-tier firms; differentiates through 'fastest growing' status and specialized ISG/Gartner recognitions.

Competitive Moat

Moat is built on high switching costs in Digital ITO and specialized domain expertise in Financial Services (29.7% of revenue). Sustainability is supported by a 79.6% cash conversion rate.

Macro Economic Sensitivity

Highly sensitive to US and European enterprise IT budgets; budget cuts in Q1 impacted the High Tech vertical growth trajectory.

Consumer Behavior

Enterprise clients are shifting from discretionary spending to cost-consolidation deals and AI-driven efficiency projects.

Geopolitical Risks

Visa transfer restrictions and immigration policy changes impact the ability to deploy staff onshore in the US.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with SEBI (Depositories and Participants) Regulations 2018 and international data privacy standards for healthcare (H&I vertical).

Taxation Policy Impact

Effective Tax Rate (ETR) was 25.5% in Q3CY25, compared to 26.2% in Q3CY24.

Legal Contingencies

The company notes the existence of litigations in its safe harbor statement, but specific case values in INR are not disclosed in the provided text.

⚠️ Risk Analysis

Key Uncertainties

Vertical-specific budget volatility (HTPS down 10.1%) and the dilutive impact of acquisition accounting on EPS.

Geographic Concentration Risk

High concentration in the Americas (75.6% of revenue), making the company vulnerable to US economic cycles.

Third Party Dependencies

Dependency on software vendors for license revenue, which impacted margins by 70 bps in the current quarter.

Technology Obsolescence Risk

Risk of traditional IT services being disrupted by AI; mitigated by 'Leader' ranking in Generative AI services.

Credit & Counterparty Risk

Receivables quality is stable with a DSO of 73 days; one client in Professional Services slid from Top 10 to 10-20 bracket, indicating potential credit/revenue risk.