Hexaware Technologies finds no proof of data breach; employee data said to be old
Hexaware Technologies has reported no proof of a data breach following allegations that employee information was exposed. The company stated the employee data involved is old, indicating no current security compromise. Hexaware's response suggests it does not view the alleged incident as a material threat to its data security.
Hexaware Technologies Q1 Results: Earnings Call Scheduled for July 30
Hexaware Technologies has confirmed its Q1 earnings call for July 30 at 8 AM. The event will provide investors and analysts with the company's quarterly financial performance update. No financial metrics have been disclosed in advance of the scheduled call.
Hexaware Technologies achieved 8.6% year-over-year revenue growth in Q2 despite client decision delays and economic headwinds. EBITDA was 17.20%, aligning with full-year targets. Financial Services grew 16% YoY, Banking saw 13.50% sequential growth, while Manufacturing & Consumer declined 11.50%. The company acquired SMC Squared to enhance Global Capability Center services. Operational improvements include increased utilization to 83.70% and 850 net employee additions. While near-term growth expectations are lowered, Hexaware maintains its $3 billion revenue target for 2029 and focuses on strategic initiatives including AI-based offerings.
31Jul 25
Hexaware Technologies Appoints Shantanu Baruah as President & Global Head of Healthcare & Insurance Vertical
Hexaware Technologies Limited has announced the appointment of Shantanu Baruah as President & Global Head of the Healthcare & Insurance Vertical, effective August 1, 2025. Baruah brings over 25 years of experience in healthcare, life sciences, and digital transformation. He previously served as Executive Vice President at HCL Tech, leading the Americas Healthcare business unit. Recognized among the Top Healthcare IT Executives, Baruah has authored papers and books on healthcare technology. This strategic appointment aims to strengthen Hexaware's position in the healthcare and insurance sectors.
Hexaware Technologies announced Q2 2025 financial results with revenue reaching USD 382.10 million, an 8.6% year-over-year increase. EBITDA margin expanded to 17.2%, and reported profit increased by 38.3%. The company acquired SMC Squared for up to USD 120 million to enhance its Global Capability Center offerings. Key verticals showing growth include Travel and Transportation (23.4%), Financial Services (15.7%), and High Tech and Professional Services (14.1%). The company maintains its EBITDA outlook for the year despite lowering expectations due to macroeconomic softness.