The company ended the 2024 calendar year with a constant currency revenue growth of 13.5%.
Hexaware Tech’s earnings before interest, tax, depreciation and amortisation (EBITDA) margin expanded by 30 bps to 16.3% from the previous quarter.
Revenue in US Dollar terms for the quarter declined by 0.5% on a sequential basis to $372 million. The company had reported revenue of $374 million in the September quarter. In rupee terms, Hexaware’s topline grew by 0.6% from the September quarter to ₹3,154.4 crore.
Net profit for the period went up by 5.4% from the previous quarter.
Guidance
The company said macros have trended marginally negative in the last few weeks. It expects its performance in 2025 to be resilient to modest macro changes.
It added that two of its top three customers are going through consolidation, which it has won. The firm expects some ramp up of this process in the second quarter and the majority in the third quarter. It also said that two more significant consolidation deals are in progress, with a ramp-up expected in the second half or in the December quarter of 2025, if the company wins.
Cash balance, attrition, growth and more
Hexaware Technologies’ cash balance as of December 31, 2024 was 1,977 crore. Closing headcount was pegged at 32,309, with net addition of 4,017 in 2024. The voluntary attrition for IT was at 10.8%.
The company’s growth in the 2024 calendar year was 17.7% in America, 3% in Europe and 6.5% in Asia Pacific. However, its growth for the fourth quarter in Europe was down 9.7%.
Shares of Hexaware Technologies ended 2.3% higher on Thursday at ₹819 apiece, which is up 15.5% from its issue price of ₹709.
