Hexaware Technologies Limited — Investor Meet, 31-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Hexaware reported Q2 CY25 with 8.6% YoY revenue growth, though sequential growth was muted due to client spend cuts and delayed decision-making amidst macro softness. Reported EBITDA improved to 17.2%, driven by operational gains (higher utilization, improved offshore mix) despite one-time charges. Management remains confident in long-term growth towards $3 billion by CY29, citing a strong pipeline and progressing strategic initiatives. The acquisition of SMC adds a new capability for setting up Global Capability Centers (GCCs), a market expected to grow significantly. Management indicates the current slowdown is cyclical.