Hexaware Applied sciences, a worldwide expertise and enterprise course of providers firm, reported sturdy outcomes for the primary quarter of calendar 12 months 2025.
For the quarter ended March 31, 2025, Hexaware’s income stood at $371.5 million, a 12.4% enhance year-on-year and an virtually flat 0.2% QoQ development.
The corporate’s EBITDA rose by 20.8% over the identical interval, whereas earnings per share (EPS) grew by 16.7% year-on-year to ₹5.38.
“We continued to execute properly on the fundamentals that energy our development — win market share via supply excellence and spend money on creating differentiated capabilities, expertise, and platforms. The power of our deal wins positions us strongly for a 12 months of stable development.” R. Srikrishna, CEO of Hexaware stated.
With AI now core to each service providing, Hexaware claims to be serving to its purchasers modernise operations, rework platforms, and construct new AI programs.
To this, Vikash Jain, CFO of Hexaware, added, “Regardless of the financial uncertainty, we’ve not solely sustained our development trajectory but in addition expanded our margins by 117 foundation factors YoY and 41 bps QoQ. ”
Hexaware’s AI-driven method enabled important development throughout purchasers and capabilities in Q1CY25, securing a number of main offers.
These embrace modernising the grants administration system for a worldwide monetary establishment, reworking finance and HR platforms for a European monetary agency, and constructing AI-driven settlement platforms for a worldwide journey analytics firm.
The corporate now has three prospects contributing over $75 million in income every, with one crossing the $100 million mark. Although, direct income from generative AI offers was not revealed.
Hexaware closed the quarter with 31,564 workers. Voluntary attrition in its IT providers division stood at 11.2%, whereas the utilisation charge for IT professionals was 82.1%. Attrition for many of the Indian IT companies stood between 10% and 15% for the quarter.Hexaware’s comparatively sturdy income development follows the pattern of the quarter the place small and mid-sized IT companies like Persistent Methods, LTTS, and MPhasis, are outpacing their bigger counterparts like Infosys, TCS, and Wipro.
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