Happiest Minds Technologies Limited has reported robust financial results for Q1, alongside earning recognition as a top workplace in the United States.

Strong Financial Performance

The 'Born Digital. Born Agile.' Mindful IT Company delivered impressive growth in the first quarter:

• Total income reached ₹580.00 crores, representing an 18.50% year-on-year increase
• Constant currency growth stood at 17.50% year-on-year
• EBITDA margin maintained at 21.40%, within the company's guided range of 20-22%
• Sequential revenue growth of 2.30% in dollar terms, reaching $64.40 million

Joseph Anantharaju, Co-Chairman and CEO, highlighted the company's strong performance amidst challenging market conditions. "In a quarter where most reported muted or single-digit growth, our strong profitability and disciplined execution clearly sets us apart," he stated.

Operational Highlights

Happiest Minds saw improvements across several key operational metrics:

• Active customers increased from 281 to 285
• Million-dollar customers grew from 57 to 59
• Utilization improved to 78.90%, the highest in nine quarters
• BFSI emerged as the largest vertical, contributing 26% to revenues

The company's Generative AI Business Services unit achieved breakeven at the operating margin level, swinging from a loss of ₹2.53 crores in the previous quarter to a marginal profit of ₹0.24 crores.

US Workplace Recognition

In a significant achievement, Happiest Minds has been recognized among the Top Workplaces 2025 in the Technology category by Top Workplaces USA. This recognition, based entirely on feedback from US team members, reflects the company's commitment to creating a positive work environment.

Sachin Khurana, Chief People Officer, commented on the achievement: "This recognition isn't the result of one program, it's the outcome of everyday intent, authentic connections, and processes built around listening."

Strategic Focus and Outlook

Happiest Minds continues to invest in key areas to drive future growth:

• Deepening capabilities in BFSI and accelerating leadership in AI-driven digital transformation
• Focusing on six industry verticals, with strong momentum in Travel, Media & Entertainment, and Manufacturing
• Investing in Generative AI and a new sales engine to build a foundation for sustained high-quality growth

The company maintains its guidance for double-digit growth in constant currency for the year while targeting EBITDA margins in the 20-22% range.

Venkatraman Narayanan, Managing Director, emphasized the company's focus on profitable growth: "Our results reflect our unwavering focus on growth alongside profitability."

As Happiest Minds continues to navigate the evolving IT landscape, its strong financial performance and workplace recognition position it well for future success in the digital transformation space.

Happiest Minds Technologies Limited, a 'Born Digital. Born Agile.' Mindful IT Company, has achieved a significant milestone by being recognized among the Top Workplaces 2025 in the Technology category by Top Workplaces USA. This accolade marks the company's first people-focused recognition in the United States, underscoring its commitment to fostering an exceptional work environment.

Survey-Driven Recognition

The Top Workplaces program, run by Energage, is one of the most respected workplace recognition initiatives in the US. What sets this award apart is its survey-driven nature, based entirely on employee feedback without any applications, pitches, or payments involved. Out of more than 500 participating companies, Happiest Minds stood out for creating a workplace where employees feel respected, supported, and aligned with the company's values.

Employee-Centric Approach

The recognition was based on an independent and confidential survey of Happiest Minds' US team members. The survey evaluated various aspects of the workplace experience, including:

• Employee connection to their work
• Leadership effectiveness
• Alignment with company direction

This achievement reflects the company's success in cultivating a people-first culture that resonates with its workforce across geographical boundaries.

Leadership Perspectives

Joseph Anantharaju, Co-Chairman and CEO of Happiest Minds, expressed his thoughts on the recognition:

"The US has been one of our key geographies, and this recognition is truly special because it reflects both our culture and how our people feel about being here. Knowing that our people feel inspired, supported, and proud to be part of this journey is deeply humbling."

Sachin Khurana, Chief People Officer, emphasized the company's approach:

"The US is a growing and important region for us, and we've taken a thoughtful, people-first approach to nurture it. This recognition isn't the result of one program, it's the outcome of everyday intent, authentic connections, and processes built around listening."

Global Presence and Growth

Happiest Minds Technologies has been expanding its global footprint, with a presence across the Americas, UK, Europe, Australia, the Middle East, Africa, and Asia. The company reports:

• Annualized revenues exceeding $270.00 million
• A workforce of over 6,500 across 43 global offices
• A client base of 280+ customers, including 85+ billion-dollar corporations

Commitment to Innovation and Governance

The company's success is not limited to its workplace culture. Happiest Minds has been recognized for its innovation-led strategy and corporate governance practices:

• Honored by both the Golden Peacock Awards and the Institute of Company Secretaries of India (ICSI) for exemplary Corporate Governance
• Strategic partnerships with global technology leaders like Microsoft and AWS
• A growing portfolio of proprietary platforms, including Arttha (a unified digital payments suite) and FuzionX Gaming Studio

This latest recognition as a Top Workplace in the US technology sector further cements Happiest Minds' position as a company that prioritizes both innovation and employee satisfaction, living up to its mission of 'Happiest People . Happiest Customers'.