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Investor Presentation – Q2CY26 July 2026 © 2026 Hexaware Technologies
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2 © Hexaware Technologies. Confidential briefing. Certain statements in this presentation concerning our future growth prospects, litigations are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on work visa, immigration, our ability to manage our international operations, the effect of current and any future tariffs, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, technological disruptions and innovations such as Generative AI, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies, products and platforms in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies, the outcome of pending litigation, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The Company may, from time to time, make additional written and oral forward statements. We do not undertake to update any forward statements that may be made from time to time by us or on our behalf unless required under the law. Use of Non-GAAP Financials Hexaware has included certain non-GAAP financial measures in this presentation to supplement Hexaware’s consolidated financial statements presented on a GAAP basis. These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hexaware’s results as reported under GAAP. The non-GAAP financial information that we provide also may differ from the non-GAAP information provided by other companies. We compensate for the limitations on our use of these non-GAAP financial measures by relying primarily on our GAAP financial statements and using non-GAAP financial measures only supplementally. We believe that providing these non-GAAP financial measures in addition to the related GAAP measures provides investors with greater transparency. We further believe that providing this information better enables investors to understand Hexaware’s operating performance and financial condition. Rounding off Certain amounts and percentage figures included in this presentation have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures preceding them. Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer
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3© Hexaware Technologies. Confidential briefing. Key Financial and Business Highlights The Pivot to AI • Continue to launch 1 new service per month • Scale programs to proactively infuse AI in all current customers, led by AI champion SPOCs • Zero License – few closed deals, several in pipeline, Built 65 parsers in platform. Rapidly becoming primary conversation driver along with SDLC • Published 1st AI Customer Impact Series Book with dozens of case studies • Tokenomics becoming center-stage for customers, and impact on IT labor spend budgets • Plan to host an AI day on Aug 21st in our Chennai Campus Global Hunting: • Phase 2 of transformation led by Shantanu, Param and Vijay with focus on • Large and proactive deal creation • Significant team expansion • Extensive use of AI in the sales process Key People Metrics: • Closing Headcount: 34,506, QoQ net addition of 708 with 179 net addition in IT • Voluntary Attrition for IT(1): 11.2% • Q2CY26 Utilization Rate for IT(2): 84.8% • Expanded Talent Footprint to Colombia and added GIFT City to the India footprint Business Highlights Notes: (1) Voluntary attrition rate for the IT service line is calculated as the total number of IT business professionals and support function professionals who left the company voluntarily during a period, divided by the average number of IT business professionals and support function professionals during the period, computed on a trailing twelve-month basis. (2) Utilization rate for IT is calculated as the total hours IT business professionals spend on customer-billed assignments, divided by the total available base hours. IT business professionals designated as Mavericks (campus hires) are included in the utilization computation after the completion of an initial training period of up to four months. Starting Q2CY26, utilization excludes employees working on platforms. This has improved Q2 utilization by 80 bps. The comparative periods have not been restated for this change(3) EBIT in USD terms, QoQ and YoY growth calculated against Adjusted EBIT (4) Includes restricted and MF Investments (5) Exchange rate used 94.66 Revenue: • Q2CY26: USD 405.4 Mn | INR 38,452 Mn o USD : +4.4% QoQ; +6.1% YoY o INR : +6.4% QoQ; +17.9% YoY o Constant Currency : +4.4% QoQ; +6.3% YoY Profitability: • EBIT (3): o Q2CY26: 13.6% | +68 bps QoQ & (102) bps YoY in % terms o +9.8% QoQ & (1.3%) YoY in absolute terms • Basic EPS: o Q2CY26: INR 5.41 | (6.2%) QoQ & (13.4%)YoY Cash: • Closing cash balance as of 30th Jun 2026: USD 176 Mn (4)(5) Financial Highlights
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4© Hexaware Technologies. Confidential briefing. INPUT Pay for Effort/Resources • Hybrid Squad (Human & Agent) • AI Rate Card • POD based (Human Only) • Hybrid Squad (Human & Agent) • Platform Subscription OUTPUT Pay for Deliverables • Feature Based • Digital Resolver/Twin OUTCOME Pay for Business Impact/Results We are experimenting with different pricing models to both maximize value for customers and participate in Token economics - ✓ OKR improvement-based pricing ✓ Token Gain Share HUMAN COST* (Traditional / People-led) HUMAN + TECHNOLOGY** (AI-enabled / Augmented) Traditional Pricing AI Effort based Model Modern Pricing Output based Model AI-Native Pricing Value based models *Token costs borne by Customer ** Token costs borne by Hexaware • Price/Agent Built • Fixed Price • LOC Pricing • RU based pricing • Feature Based • Platform Subscriptions • Fixed Price • RU based pricing (Human + Agent) • LOC Pricing
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5© Hexaware Technologies. Confidential briefing. Partnership Strategy Every enterprise will have access to the same frontier models. Differentiation comes from what sits above them — vertical depth and client- specific context. We partner at all three layers. Vertical Products/Platforms Hexaware platforms Agentverse · T ensai · RapidX · Amaze CONTEXT — E.g., Workfabric: how client team's work DOMAIN — E.g., Articul8, Mistral ModelMesh/Foundry, vertical-tuned models FOUNDA TION — Anthropic (Claude) complementary, not competing
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6© 2026 Hexaware Technologies Winning Across Domains: Key Successful Deals Leading global clinical research company CRM transformation ANZ Financial Services Digital ITO Capital Market Institution Zero License American international financial services company AI led middle office transformation Large Fintech company in APAC Outsourcing + Transformation Public University based out of London Outsourcing + Transformation German biotechnology company AI for Business UK music copyright organization Legacy Modernization
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7© 2026 Hexaware Technologies Q2CY26 Financial Highlights Revenue (USD Mn) Revenue (INR Mn) Reported EBIT (USD Mn) Reported Profit (USD Mn) 8.6% 6.1%4.6% 2.8% 4.4%(0.1%) YoY (%) QoQ (%) Margin (%) 13.6%13.0%10.1% 11.1% 17.9%12.6% 1.6% 6.4%3.9% YoY (%) QoQ (%) Margin (%) 8.6%9.5%11.6% Q2CY26 reported EBIT of 13.6% • + 68 bps QoQ • - 102 bps YoY vs Q2CY25 adjusted EBIT of 14.7%$405 $389 $382 Q2CY26Q1CY26Q2CY25 38,452 36,130 32,607 Q2CY26Q1CY26Q2CY25 $55 $50 $38 Q2CY26Q1CY26Q2CY25 $35 $37 $44 Q2CY26Q1CY26Q2CY25
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8© 2026 Hexaware Technologies 89% 11% Diverse Presence Across Verticals and Geographies Q2CY26 Growth (%)(1) QoQ YoY Financial Services 1.1% 1.4% Healthcare & Insurance 6.8% 18.9% Manufacturing & Consumer 3.5% 17.9% Professional Services 13.3% (3.4%) Banking 3.9% 10.8% Travel & Transportation (1.0%) (14.5%) Technology, Products & Platforms (3.1%) 4.5% Q2CY26 Growth (%)(1) QoQ YoY Americas 2.9% 3.5% Europe 7.0% 10.9% Asia Pacific 14.1% 24.8% Note: (1) In USD terms Vertical Split (%) Geographic Split (%) IT - BPS Split(%) Q2CY26 Revenue Split Q2CY26 Growth (%)(1) QoQ YoY IT Services & Others* 5.2% 7.0% BPS Services (1.8%) (0.5%) * Depicts total of IT services and others as presented in the Financial Statements 74% 20% 6% Q2CY26 Revenue Split 29% 23%16% 14% 9% 7% 2% Q2CY26 Revenue Split
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9© 2026 Hexaware Technologies Diverse Clientele with Strong Relationship Client Pyramid (# LTM) 206 >$75 >$50 >$20 >$10 >$5 >$1 3 4 15 2 31 66 197 Q2CY25 4 16 34 65 Q2CY26USD Mn(1) Revenue Contribution by Customer Group (%) Note: (1) Represents revenue earned from customers. 25.8% 36.6% 50.1% 25.6% 35.9% 49.1% 25.3% 35.7% 48.7% Top 5 customers Top 10 customers Top 20 customers LTM Q2CY25 LTM Q1CY26 LTM Q2CY26
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10© 2026 Hexaware Technologies Enhancing Operational Efficiency Through Revenue Optimization and Talent Management Revenue Mix – Onshore & Offshore (%)(1) Total Headcount (#) Voluntary Attrition Rates (%)(2) Utilization Rates (%)(3) IT Business Professionals Notes: (1) For IT Services (2) Voluntary attrition rate for the IT service line is calculated as the total number of IT business professionals and support function professionals who left the company voluntarily during a period, divided by the average number of IT business professionals and support function professionals during the period, computed on a trailing twelve-month basis. (3) Utilization rate for IT is calculated as the total hours IT business professionals spend on customer-billed assignments, divided by the total available base hours. IT business professionals designated as Mavericks (campus hires) are included in the utilization computation after the completion of an initial training period of up to four months. Starting Q2CY26, utilization excludes employees working on platforms. This has improved Q2 utilization by 80 bps. The comparative periods have not been restated for this change IT Business Professionals 34,50633,79833,84433,59032,410 Q2CY26Q1CY26Q4CY25Q3CY25Q2CY25 11.2% 11.1% 11.0% 11.4% 11.1% Q2CY26Q1CY26Q4CY25Q3CY25Q2CY25 84.8% 82.6% 80.8% 83.8% 83.7% Q2CY26Q1CY26Q4CY25Q3CY25Q2CY25 52.0%51.5%51.9%51.2%53.3% 48.0% 48.5% 48.1% 48.8% 46.7% Q2CY26Q1CY26Q4CY25Q3CY25Q2CY25 Onshore IT Services (%) Offshore IT Services (%)
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11© 2026 Hexaware Technologies Cash Flow, ETR, and EPS Metrics DSO (Days) (1) LTM OCF / Reported Profit – Cash Conversion (%) Effective Tax Rate (%) Basic EPS (INR) Notes: DSO: Days Sales Outstanding; OCF: Operating Cashflows; EPS: Earnings Per Share. (1) DSO is computed based on trailing 3 months of USD revenue 25.1% 25.5% 10.4% 25.5% 18.9% Q2CY26Q1CY26Q4CY25Q3CY25Q2CY25 124.7%125.1% 127.1% 126.6% 126.4% Q2CY26Q1CY26Q4CY25Q3CY25Q2CY25 5.41 5.77 4.79 6.09 6.25 Q2CY26Q1CY26Q4CY25Q3CY25Q2CY25 39 44 38 37 40 39 31 29 36 33 78 75 67 73 73 Q2CY26Q1CY26Q4CY25Q3CY25Q2CY25 DSO - Billed DSO - Unbilled
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12© Hexaware Technologies. Confidential briefing. Will continue growth momentum, but reduced guidance due to narrow runway Update on Deals: • Q2 witnessed continued strong deal momentum, with wins across consolidation, outsourcing, and transformation programs. • Increased deal momentum in > $10 Mn legacy modernization programs. • Consolidation deal in another Top 15 customer, down to 3 strategic vendors. • New Category of deals to select an AI Partner – start small, but can expand across every facet of the Enterprise. 1st two wins in this category in Q2. • Multiple wins in Zero License – 3 archetypes, currently small, but we expect some of these will scale across enterprise after initial POV. Revenue Outlook: • We have delivered solid growth in a difficult quarter, and we will continue structural growth for several quarters. • Nevertheless, our pathway to 7.6% has narrowed, especially because of delay in deal ramp and worsening macro. • We are reducing our guidance to a range of 6-7%, including 50 bps from the CP rebadging deal. This implies a 2.7% CQGR at mid-point which we are confident of delivering. • CY26 Vertical Outlook: • H&I, Banking and M&C are expected to lead the growth for CY26 • PS and FS to follow • T&T is expected to lag due to macro Margin Outlook: • We are reiterating the EBIT margin guidance of 13.0%–14.0%.
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Appendix
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14© 2026 Hexaware Technologies Awards and Recognition Honored in SP Global Sustainability Yearbook 2026 ranking in the top 10% of its industry in the 2025 SP Global Corporate Sustainability Assessment (CSA) Honored in S&P Global Sustainability Yearbook 2026 ranking in the top 10% of its industry in the 2025 S&P Global Corporate Sustainability Assessment (CSA) vEurope, UK & Ireland, BeLux, Germany Achieved Gold Stevie for Fastest Growing Company of the Year at the 2025 American Business Awards® Achieved Gold Stevie for Fastest Growing Company of the Year at the 2025 American Business Awards® Recognised among Top 25 Most Valuable IT Brands globally by Brand Finance Recognised among Top 25 Most Valuable IT Brands globally by Brand Finance Achieved WOW Workplace Award 2025 & Best Organization for Women 2026 for the fourth consecutive year DE Named a Client Champion in the 2025 ISG Star of Excellence® Awards Named a Client Champion in the 2025 ISG Star of Excellence® Awards Hexaware Earned Top Rankings at the Whitelane Research 2025/26 IT Sourcing Study Hexaware Named Leader in Modernization and AI-ML Enablement Services in the ISG Provider Lens® Snowflake Ecosystem Partners 2026 Global Quadrant Hexaware Named Leader in Modernization and AI-ML Enablement Services in the ISG Provider Lens® Snowflake Ecosystem Partners 2026 Global Quadrant Hexaware Recognized in Forrester Report: The Business Process Outsourcing Services Landscape, Q2 2026. Published: June 8,2026, Analysts: Ashutosh Sharma with Frederic Giron, Laura Demarki, Bill Nagel Hexaware Recognized in Forrester Report: The Business Process Outsourcing Services Landscape, Q2 2026. Published: June 8,2026, Analysts: Ashutosh Sharma with Frederic Giron, Laura Demarki, Bill Nagel Hexaware Named Leader in AI-ready Infrastructure Managed Services - Large Accounts In the ISG Provider Lens® Private/Hybrid Cloud Data Center Services 2026 UK Quadrant Report Hexaware Named Leader in AI- ready Infrastructure Managed Services - Large Accounts In the ISG Provider Lens® Private/Hybrid Cloud Data Center Services 2026 UK Quadrant Report Hexaware Named Leader in AI-ready Infrastructure Managed Services - Midmarket In the ISG Provider Lens® Private/Hybrid Cloud Data Center Services 2026 UK Quadrant Report Hexaware Named Leader in AI- ready Infrastructure Managed Services - Midmarket In the ISG Provider Lens® Private/Hybrid Cloud Data Center Services 2026 UK Quadrant Report EU, UK&I,NL Recognized as Global Most Trusted Brand at the Global Brand Leadership Conclave 2025 Recognized as Global Most Trusted Brand at the Global Brand & Leadership Conclave 2025 Recognized as the Top Business Transformation Partner of the Year 2026 by Automation Anywhere Recognized as the Top Business Transformation Partner of the Year 2026 by Automation Anywhere Recognized as a Finalist in Generative AI for Content Creativity category at the ET AI Awards 2026 Recognized as a Finalist in Generative AI for Content & Creativity category at the ET AI Awards 2026 Recognized Among Most Innovative Organizations 2026 by ET Edge Second Year in a Row Recognized Among Most Innovative Organizations 2026 by ET Edge Second Year in a Row Recognized Among Best Organization to Work 2026 by ET Edge Recognized Among Best Organization to Work 2026 by ET Edge Hexaware Named Leader in Managed Data and Optimization Services in the ISG Provider Lens® Snowflake Ecosystem Partners 2026 Global Quadrant Hexaware Named Leader in Managed Data and Optimization Services in the ISG Provider Lens® Snowflake Ecosystem Partners 2026 Global Quadrant Hexaware Named Leader in Azure Data Transformation and AI Services in the ISG Provider Lens® Microsoft AI and Cloud Ecosystem 2026 US Quadrant Hexaware Named Leader in Azure Data Transformation and AI Services in the ISG Provider Lens® Microsoft AI and Cloud Ecosystem 2026 US Quadrant Hexaware Named Leader in Azure Managed Services in the ISG Provider Lens® Microsoft AI and Cloud Ecosystem 2026 US Quadrant Hexaware Named Leader in Azure Managed Services in the ISG Provider Lens® Microsoft AI and Cloud Ecosystem 2026 US Quadrant Hexaware Named Leader in Azure Professional Services in the ISG Provider Lens® Microsoft AI and Cloud Ecosystem 2026 US Quadrant Hexaware Named Leader in Azure Professional Services in the ISG Provider Lens® Microsoft AI and Cloud Ecosystem 2026 US Quadrant Hexaware Named Leader in Design and Setup in the ISG Provider Lens® Global Capability Center (GCC) Services 2026 Global Quadrant Hexaware Named Leader in Design and Setup in the ISG Provider Lens® Global Capability Center (GCC) Services 2026 Global Quadrant Hexaware Named Leader in SAP S/4HANA Transformation – Midmarket in the ISG Provider Lens® SAP Ecosystem Partners 2026 US Quadrant Hexaware Named Leader in SAP S/4HANA Transformation – Midmarket in the ISG Provider Lens® SAP Ecosystem Partners 2026 US Quadrant
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15© 2026 Hexaware Technologies Creating Meaningful Impact Beyond Business Bringing Smiles to the Planet and Communities We Live In 1,29,455 Lives Benefitted Through Our CSR Efforts Educational Initiatives and Skill Development Healthcare Initiatives Environmental Stewardship Women’s Empowerment Sports Initiatives ESG and Sustainability Awards • Ecovadis Assessment: Hexaware is in the top 5% globally, awarded a Gold medal with a score of 82, placing us in the 98th percentile worldwide • S&P Global CSA: Got a score of 83/100 and 97th percentile, featured in the yearbook in the inaugural year of assessment • CDP assessment: Improved score for “Climate Change” & “Water Security” to “B” • Recognized among “Best organizations for Women by ET Edge • Net Zero Summit – UBS Forums 2025: Won the “Sustainable Organization of the Year 2025” award • Earned ET Edge’s Sustainable Organizations 2025 honor for decisive climate change • Selected as Dun & Bradstreet India’s Leading ESG Entity Adopting Global Best Practices • Committed to near-term, long-term, and Net Zero targets approved by the Science Based Targets Initiative (SBTi) • Aligned with the frameworks of TCFD, GRI, and UN SDGs • Submitted an annual “Communication on Progress (CoP)” to the United Nations Global Compact (UNGC) in June 2026 Goal Actual Performance Achieve net zero greenhouse gas (GHG) emissions (Scope 1 and 2) by 2040 On track - Reduction by 24% from base year 2023 Transition 70% of campus electricity usage to renewable sources by 2030 Ahead of schedule - 83% electricity from renewable sources on our own campuses in 2025 Achieve water neutrality for owned operations by 2030 In progress - 60% water neutrality in 2025 Achieve zero waste to landfill at owned facilities by 2025 Achieved - Certified for zero waste in our own campuses in 2025
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Thank You Please direct all inquiries to Investorrelations@hexaware.com
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July 2026 Investor Factsheet – Q2CY26 © 2026 Hexaware Technologies
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2© 2026 Hexaware Technologies Quarterly Metrics Change In INR million unless stated otherwise Q2CY26 Q1CY26 Q2CY25 QoQ (%) YoY (%) Revenue (USD Mn) $405.4 $388.5 $382.1 4.4% 6.1% Revenue – Constant Currency (CC) 4.4% 6.3% Revenue (INR Mn) 38,452 36,130 32,607 6.4% 17.9% Profitability Reported EBIT (USD Mn) 55.3 50.4 38.4 9.8% 43.9% Reported EBIT Margin (%) 13.6% 13.0% 10.1% 68 bps 358 bps Adjusted EBIT (USD Mn)* 55.3 50.4 56.0 9.8% (1.3%) Adjusted EBIT Margin (%)* 13.6% 13.0% 14.7% 68 bps -102 bps Reported EBIT(INR Mn) 5,236 4,801 3,292 9.1% 59.1% Reported EBIT Margin (%) 13.6% 13.3% 10.1% 33 bps 352 bps Reported Profit(USD Mn) 34.9 36.9 44.3 (5.3%) (21.1%) Reported Profit Margin (%) 8.6% 9.5% 11.6% -88 bps -298 bps Reported Profit(INR Mn) 3,302 3,516 3,797 (6.1%) (13.0%) Reported Profit Margin (%) 8.6% 9.7% 11.6% -114 bps -306 bps Basic EPS (INR) 5.41 5.77 6.25 (6.2%) (13.4%) Cash Flow LTM Operating Cash Flows (OCF) 16,754 17,422 16,778 (3.8%) (0.1%) LTM OCF to Reported Profit (%) 124.7% 125.1% 126.4% -36 bps -169 bps Key Financial Metrics * For Q2CY25, adjusted EBIT excludes non-recurring employee benefit and severance cost amounting USD 3.8 Mn, specific provisions for customer and Impairment of customer contract associated with an earlier acquisition amounting USD 9.1 Mn and USD 4.6 Mn, respectively.
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3© 2026 Hexaware Technologies Revenue by Vertical In INR million Q2CY26 % of Revenue Q1CY26 % of Revenue Q2CY25* % of Revenue Financial Services 11,029 28.7% 10,682 29.6% 9,784 30.0% Healthcare and Insurance 8,897 23.1% 8,189 22.7% 6,741 20.7% Manufacturing and Consumer 6,148 16.0% 5,810 16.1% 4,690 14.4% Professional Services 5,313 13.8% 4,588 12.7% 4,947 15.2% Banking 3,465 9.0% 3,267 9.0% 2,813 8.6% Travel and Transportation 2,784 7.2% 2,764 7.7% 2,930 9.0% Technology, Products & Platforms 816 2.1% 830 2.3% 702 2.2% Total Revenue 38,452 100.0% 36,130 100.0% 32,607 100.0% Revenue by Geography In INR million Q2CY26 % of Revenue Q1CY26 % of Revenue Q2CY25* % of Revenue Americas 28,294 73.6% 26,946 74.6% 24,609 75.5% Europe 7,669 19.9% 7,043 19.5% 6,203 19.0% Asia Pacific 2,489 6.5% 2,141 5.9% 1,795 5.5% Total Revenue 38,452 100.0% 36,130 100.0% 32,607 100.0% Revenue by IT, BPS, and Others In INR million Q2CY26 % of Revenue Q1CY26 % of Revenue Q2CY25 % of Revenue IT Services 32,772 85.2% 30,582 84.6% 27,971 85.8% BPS 4,399 11.4% 4,396 12.2% 3,977 12.2% Others 1,281 3.3% 1,152 3.2% 659 2.0% Total Revenue 38,452 100.0% 36,130 100.0% 32,607 100.0% Revenue by Onshore, Offshore IT Services In INR million Q2CY26 % of Revenue Q1CY26 % of Revenue Q2CY25 % of Revenue Onshore IT Services 17,039 52.0% 15,753 51.5% 14,918 53.3% Offshore IT Services 15,733 48.0% 14,829 48.5% 13,053 46.7% Total Revenue 32,772 100.0% 30,582 100.0% 27,971 100.0% Key Revenue Metrics – Q2CY26 * Previous period numbers have been restated to reflect internal organization realignment of customers to verticals and geographies
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4© 2026 Hexaware Technologies Revenue by Vertical In USD million Q2CY26 % of Revenue Q1CY26 % of Revenue Q2CY25* % of Revenue Financial Services 116 28.7% 115 29.6% 115 30.0% Healthcare and Insurance 94 23.1% 88 22.6% 79 20.7% Manufacturing and Consumer 65 16.0% 63 16.1% 55 14.4% Professional Services 56 13.8% 49 12.7% 58 15.2% Banking 37 9.0% 35 9.0% 33 8.6% Travel and Transportation 29 7.2% 30 7.6% 34 9.0% Technology, Products & Platforms 9 2.1% 9 2.3% 8 2.2% Total Revenue 405 100.0% 389 100.0% 382 100.0% Revenue by Geography In USD million Q2CY26 % of Revenue Q1CY26 % of Revenue Q2CY25* % of Revenue Americas 298 73.6% 290 74.6% 288 75.5% Europe 81 19.9% 76 19.4% 73 19.0% Asia Pacific 26 6.5% 23 5.9% 21 5.5% Total Revenue 405 100.0% 389 100.0% 382 100.0% Revenue by IT, BPS, and Others In USD million Q2CY26 % of Revenue Q1CY26 % of Revenue Q2CY25 % of Revenue IT Services 346 85.2% 329 84.7% 328 85.8% BPS 46 11.4% 47 12.2% 47 12.2% Others 14 3.3% 12 3.2% 8 2.0% Total Revenue 405 100.0% 389 100.0% 382 100.0% Revenue by Onshore, Offshore IT Services In USD million Q2CY26 % of Revenue Q1CY26 % of Revenue Q2CY25 % of Revenue Onshore IT Services 180 52.0% 170 51.5% 175 53.3% Offshore IT Services 166 48.0% 159 48.5% 153 46.7% Total Revenue 346 100.0% 329 100.0% 328 100.0% Key Revenue Metrics – Q2CY26 * Previous period numbers have been restated to reflect internal organization realignment of customers to verticals and geographies
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5© 2026 Hexaware Technologies Q2CY26 Q1CY26 Q2CY25 # of IT business professionals 22,796 22,617 21,158 # of BPS business professionals 11,710 11,181 11,252 Total Headcount 34,506 33,798 32,410 Voluntary Attrition rate for IT service line(3) 11.2% 11.1% 11.1% Utilization rate for IT(4) 84.8% 82.6% 83.7% Customer Concentration(1) Q2CY26 Q1CY26 Q2CY25 Top 5 customers 25.3% 25.6% 25.8% Top 10 customers 35.7% 35.9% 36.6% Top 20 customers 48.7% 49.1% 50.1% Client Pyramid(2) Q2CY26 Q1CY26 Q2CY25 $75 million + 2 3 3 $50 million + 4 4 4 $20 million + 16 15 15 $10 million + 34 34 31 $5 million + 65 66 66 $1 million + 206 198 197 Key Client and Operational Metrics Key Employee Metrics Notes: (1) Revenue by customer group (top 5, top 10 and top 20) is revenue derived by our Company from these customer groups on TTM basis preceding the relevant date. (2) Client Pyramid is calculated as number of active clients for respective period based on the revenue earned from these customers in the last twelve months preceding the relevant date. (3) Total number of IT business professionals and support function professionals who left the company voluntarily during a period divided by average number of IT business professionals and support function professionals during the period computed on TTM basis. (4) Total hours spent by IT business professionals on customer billed assignments divided by the total available base hours. IT business professionals designated as Mavericks (campus hires) are included in the utilization computation after completion of an initial period of training of up to four months. Starting Q2CY26, utilization excludes employees working on platforms. This has improved Q2 utilization by 80 bps. The comparative periods have not been restated for this change
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6© 2026 Hexaware Technologies Other Key Metrics Days Sales Outstanding (DSO) # of Days^ Q2CY26 Q1CY26 Q2CY25 DSO - Billed 39 44 40 DSO - Unbilled 39 31 33 USD / INR Exchange Rate Q2CY26 Q1CY26 Q2CY25 Period Closing Rate 94.66 94.84 85.76 Period Average Rate 94.86 92.60 85.27 ^DSO is computed based on trailing 3 months of USD revenue
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7© 2026 Hexaware Technologies Change Q2CY26 Q1CY26 Q2CY25 QoQ (%) YoY (%) Revenue 405.4 388.5 382.1 4.4% 6.1% Revenue – Constant Currency 4.4% 6.3% (-) Employee Benefits Expense 238.9 231.8 223.2 3.1% 7.0% (-) Other Expenses 102.6 96.6 111.6 6.2% (8.1%) (-) D&A 8.6 9.7 8.8 (11.3%) (2.3%) Reported EBIT 55.3 50.4 38.4 9.8% 43.9% Reported EBIT Margin (%) 13.6% 13.0% 10.1% 68 bps 358 bps (+) Other Income (5.3) (0.6) 0.2 783.3% (2,750.0%) (+) Change in FV of Contingent Consideration - 2.8 18.5 (100.0%) (100.0%) (-) Finance Costs 3.4 3.1 2.4 9.7% 41.7% Profit before Tax 46.6 49.5 54.6 (5.9%) (14.8%) Total Tax Expense 11.7 12.6 10.4 (7.1%) 12.5% Reported Profit 34.9 36.9 44.3 (5.3%) (21.1%) Reported Profit Margin (%) 8.6% 9.5% 11.6% -88 bps -298 bps Reported EBITDA* 58.6 62.3 65.9 (6.0%) (11.0%) Reported EBITDA Margin (%) 14.5% 16.0% 17.2% -158 bps -279 bps Summary of Consolidated Profit and Loss in USD million * Reported EBITDA includes Other income and change in fair value of Contingent Consideration
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8© 2026 Hexaware Technologies Change Q2CY26 Q1CY26 Q2CY25 QoQ (%) YoY (%) Revenue 38,452 36,130 32,607 6.4% 17.9% (-) Employee Benefits Expense 22,664 21,457 19,078 5.6% 18.8% (-) Other Expenses 9,735 8,965 9,485 8.6% 2.6% (-) D&A 817 907 752 (9.9%) 8.6% Reported EBIT 5,236 4,801 3,292 9.1% 59.1% Reported EBIT Margin (%) 13.6% 13.3% 10.1% 33 bps 352 bps (+) Other Income (501) (47) 13 966.0% (3,953.8%) (+) Change in FV of Contingent Consideration - 264 1,587 (100.0%) (100.0%) (-) Finance Costs 328 290 209 13.1% 56.9% Profit before Tax 4,407 4,728 4,683 (6.8%) (5.9%) Total Tax Expense 1,105 1,212 886 (8.8%) 24.7% Reported Profit 3,302 3,516 3,797 (6.1%) (13.0%) Reported Profit Margin (%) 8.6% 9.7% 11.6% -114 bps -306 bps Basic EPS (INR) 5.41 5.77 6.25 (6.2%) (13.4%) Reported EBITDA* 5,552 5,925 5,644 (6.3%) (1.6%) Reported EBITDA Margin (%) 14.4% 16.4% 17.3% -196 bps -287 bps Summary of Consolidated Profit and Loss in INR million * Reported EBITDA includes Other income and Change in fair value of Contingent Consideration
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9© 2026 Hexaware Technologies As of period ending Jun-26 Dec-25 Assets Property, plant and equipment and intangible assets 10,826 9,415 Right-of-use assets 6,191 6,116 Goodwill 37,710 35,768 Capital work-in-progress 515 505 Deferred tax assets (net) 4,352 4,043 Other non-current assets and investments in Equity Shares 2,011 1,789 Trade receivables and unbilled revenue 32,845 25,431 Other current assets 4,711 4,655 Cash and cash equivalents (inc. restricted and MF Investments) 16,596 21,324 Total Assets 1,15,757 1,09,046 Equity and Liabilities Equity 610 609 Other Equity and reserves 66,507 62,549 Non-controlling Interests (23) (32) Total Equity 67,094 63,126 Non-current liabilities 705 535 Deferred tax liabilities (net) 23 23 Lease liabilities 6,830 6,807 Trade payables 11,611 10,069 Other current liabilities 18,867 17,458 Contingent consideration 5,135 6,354 Provisions 5,492 4,674 Total Liabilities 48,663 45,920 Total Equity and Liabilities 1,15,757 1,09,046 Summary of Consolidated Balance Sheet in INR million
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10© 2026 Hexaware Technologies H1CY26 H1CY25 Profit before tax 9,135 9,046 D&A, ESOP cost, Finance cost & other items 1,968 1,774 Changes in working capital (5,336) (4,811) Taxes (1,839) (1,444) Net cash generated from operating activities (OCF) 3,928 4,565 Capex (775) (869) Investment in MFs and Interest on Fixed Deposits 1,939 364 Payment towards acquisition of business (2,787) (556) Net cash used in investing activities (1,623) (1,061) Proceeds from issue of shares 177 0 Equity infusion by non-controlling shareholder 7 - Borrowings and lease payments (1,102) (918) Dividend paid (5,181) (3,494) Net cash used in financing activities (6,099) (4,412) Net cash outflow (3,794) (908) Summary of Consolidated Cash Flow in INR million
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11© 2026 Hexaware Technologies Reconciliation of Adj. EBITDA (Based on USD P&L) Q2CY26 Q1CY26 Q2CY25 Reported EBITDA Margin 14.5% 16.0% 17.2% Add: ESOP compensation cost 0.2% 0.4% 0.4% Add: ERP transformation cost(1) - 0.3% 0.7% Add: Non-recurring employee benefits and severance costs - - 1.0% Add: Acquisition related costs(2) 0.1% - 0.4% Add: Provisions for customers and onerous vendor contracts - - 2.4% Add: Impairment of intangibles acquired in an earlier acquisition - - 1.2% Less: Write back of earnout payment of an earlier acquisition - (0.7%) (4.8%) Less: Other income (excluding exchange rate difference (net)) (0.7%) (0.5%) (0.5%) Adjusted EBITDA Margin 14.1% 15.5% 18.0% Note: (1) ERP transformation cost consists of professional fees, travel costs, license costs, and the cost of employees working on the implementation of new ERP software (2) Acquisition-related costs consist of professional fees incurred in relation to M&A activities
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12© 2026 Hexaware Technologies About Hexaware Technologies We are a global digital and technology services company with artificial intelligence (“AI”) at its core. We leverage technology to deliver innovative solutions that help our customers in their digital transformation journey and subsequent operations. We embed AI into every aspect of our solutions and have created a suite of platforms and tools that allow our customers to adapt, innovate and optimize in this AI-first era. We serve a diverse range of customers, including 30+ of the Fortune 500 organizations. With a team of 34,506 employees in 30+ countries, our presence is spread across major countries, nationalities, languages, time zones and regulatory zones. For more information, please visit https://hexaware.com/ Contact Investor Relations: Niraj Khemka, Head of Investor Relations Investorrelations@hexaware.com Registered Office: 8th Floor, 13th Level, Q1, Loma Co- Developers1 Private Limited, Plot no. Gen-4/1, TTC Industrial Area, Ghansoli, Navi Mumbai- 400 710, Maharashtra, India CIN: L72900MH1992PLC069662 https://hexaware.com/ Disclaimer Use of Non-GAAP Financials Hexaware has included certain non-GAAP financial measures in this presentation to supplement Hexaware’s consolidated financial statements presented on a GAAP basis. These non -GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hexaware’s results as reported under GAAP. The non-GAAP financial information that we provide also may differ from the non -GAAP information provided by other companies. We compensate for the limitations on our use of these non -GAAP financial measures by relying primarily on our GAAP financial statements and using non -GAAP financial measures only supplementally. We believe that providing these non-GAAP financial measures in addition to the related GAAP measures provides investors with greater transparency. We further believe that providing this information better enables investors to understand Hexaware’s operating performance and financial condition. Rounding off Certain amounts and percentage figures included in this presentation have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures preceding them.