Slides
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Investor Presentation – Q3CY26 Oct 2026
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2 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 Key Financial and Business Highlights AI Led Growth Strategy: • AI for IT: Embed AI across the technology lifecycle to modernize legacy estates, improve quality and resilience, and accelerate delivery • AI for Business: Combine AI with deep domain expertise to transform clients’ core business operations and create measurable value • ZeroVity: Provide the foundational context, governance and orchestration layer required to scale enterprise AI securely and efficiently.AI for IT • Anthropic partnership: Became a Preferred Partner in the Claude Partner Network, strengthening our ability to deliver enterprise AI solutions at scale Key Awards: • Leader in AI-powered Business Transformation with AWS in the ISG Provider Lens® AWS Ecosystem 2026 US Quadrant • Leader in Azure Data Transformation and AI Services in the ISG Provider Lens® Microsoft AI and Cloud Ecosystem 2026 US Quadrant • Leader in AI-ready Infrastructure Managed Services, Large Accounts in the ISG Provider Lens® 2026 UK Quadrant • Visionary in the 2026 Gartner® Magic Quadrant for Custom Software Development Services Business Highlights Notes: (1) QoQ and YoY growth in EBIT (USD terms) is calculated against adjusted EBIT (2) Includes restricted and MF Investments (3) Exchange rate used 95.83(4) Voluntary attrition rate for the IT service line is calculated as the total number of IT bu siness 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. (5) 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. The comparative periods have not been restated for this change. ® = Registered trademark. = Trademark claimed by the owner, but may not be officially registered Revenue: • Q3CY26: USD 411.9 Mn | INR 39,331 Mn o USD : +1.6% QoQ; +4.3% YoY o INR : +2.3% QoQ; +12.9% YoY o Constant Currency : +1.7% QoQ; +4.5% YoY Profitability: • Adjusted EBIT (1): o Q3CY26: 13.8% | +17 bps QoQ & (88) bps YoY in % terms o +2.9% QoQ & (1.9%) YoY in absolute terms • Basic EPS: o Q3CY26: INR 7.06 | 30.5% QoQ & 15.9%YoY Cash: • Closing cash balance as of 30th Sep 2026: USD 199 Mn (2)(3) Key People Metrics: • Closing Headcount: 35,887, QoQ net addition of 1,381 with 386 net addition in IT • Voluntary Attrition for IT(4): 11.1% • Q3CY26 Utilization Rate for IT(5): 84.9% Financial Highlights
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4 Winning Across Domains: Key Successful Deals Global Pharmaceutical Player AI App & agentic development Large US Infrastructure Provider Legacy modernisation & AI use case factory US Biopharmaceutical company S4Hanna upgrade Leading Australian Bank Data modernisation Smart Home and Property Technology Platform AI native customer experience Middle East Based Bank Sitecore Migration Global Data Storage Company Agentic AI factory UK Utility Company Modernization
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5 Q3CY26 Financial Highlights Revenue (USD Mn) Revenue (INR Mn) Reported EBIT (USD Mn) Reported Profit (USD Mn) 5.5% 4.3%6.1% 3.3% 1.6%4.4% YoY (%) QoQ (%) Margin (%) 12.2%13.6%14.7% 11.1% 12.9%17.9% 6.8% 2.3%6.4% YoY (%) QoQ (%) Margin (%) 10.9%8.6%10.6% $412 $405 $395 Q3CY26Q2CY26Q3CY25 $50 $55 $58 Q3CY26Q2CY26Q3CY25 39,331 38,452 34,836 Q3CY26Q2CY26Q3CY25 Q3CY26 Adjusted EBIT of 13.8% • +17 bps QoQ and (88) bps YoY • +2.9% QoQ & (1.9%) YoY in absolute terms • Reported to Adjusted margin walk EBIT % PAT % Reported 12.2% 10.9% NL entity restructuring - 1.5% Acquisition related: - Amortization of intangibles - Earnout reversal 1.4% - 1.4% (4.2%) Leadership change impact 0.2% 0.2% Tax impact (on above) NA (0.4%) Adjusted 13.8% 9.4% $45 $35 $42 Q3CY26Q2CY26Q3CY25
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6 88% 12% Diverse Presence Across Verticals and Geographies Q3CY26 Growth (%)(1) QoQ YoY Financial Services 3.0% 2.4% Healthcare & Insurance (0.4%) 6.3% Manufacturing & Consumer 1.8% 3.0% Professional Services 0.3% 7.8% Banking 6.6% 13.5% Travel & Transportation (3.5%) (8.5%) Technology, Products & Platforms 7.2% 9.7% Q3CY26 Growth (%)(1) QoQ YoY Americas 1.5% 1.1% Europe 3.1% 12.8% Asia Pacific (1.6%) 20.0% Note: (1) In USD terms Vertical Split (%) Geographic Split (%) IT - BPS Split(%) Q3CY26 Revenue Split Q3CY26 Growth (%)(1) QoQ YoY IT Services & Others* 1.2% 4.2% BPS Services 4.7% 5.3% * Depicts total of IT services and others as presented in the Financial Statements 74% 20% 6% Q3CY26 Revenue Split 29% 23%16% 14% 9% 7% 2% Q3CY26 Revenue Split
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7 Diverse Clientele with Strong Relationship Client Pyramid (# LTM) 205 >$75 >$50 >$20 >$10 >$5 >$1 3 4 15 2 30 65 199 Q3CY25 4 17 32 67 Q3CY26USD Mn(1) Revenue Contribution by Customer Group (%) Note: (1) Represents revenue earned from customers. 26.0% 37.0% 50.3% 25.3% 35.7% 48.7% 24.7% 35.4% 49.3% Top 5 customers Top 10 customers Top 20 customers LTM Q3CY25 LTM Q2CY26 LTM Q3CY26
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8 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 84.9%84.8% 82.6% 80.8% 83.8% Q3CY26Q2CY26Q1CY26Q4CY25Q3CY25 11.1%11.2% 11.1% 11.0% 11.4% Q3CY26Q2CY26Q1CY26Q4CY25Q3CY25 35,887 34,506 33,79833,84433,590 Q3CY26Q2CY26Q1CY26Q4CY25Q3CY25 53.1%52.0%51.5%51.9%51.2% 46.9%48.0% 48.5% 48.1% 48.8% Q3CY26Q2CY26Q1CY26Q4CY25Q3CY25 Onshore IT Services (%) Offshore IT Services (%)
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9 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 4139443837 363931 2936 777875 6773 Q3CY26Q2CY26Q1CY26Q4CY25Q3CY25 DSO - Billed DSO - Unbilled 21.0% 25.1% 25.5% 10.4% 25.5% Q3CY26Q2CY26Q1CY26Q4CY25Q3CY25 7.06 5.41 5.77 4.79 6.09 Q3CY26Q2CY26Q1CY26Q4CY25Q3CY25 109.6% 124.7% 125.1% 127.1% 126.6% Q3CY26Q2CY26Q1CY26Q4CY25Q3CY25
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Appendix
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11 Awards and Recognition Hexaware Named Among ET Best Tech Brands for the Fifth consecutive year Hexaware Named Among ET Best Tech Brands for the Fifth consecutive year v Hexaware Recognized Among TIME’s World’s Best Companies 2026 Hexaware Recognized Among TIME’s World’s Best Companies 2026 v Hexaware Named Best Firm for FDE Talent to Work For by Analytics India Magazine Hexaware Named Best Firm for FDE Talent to Work For by Analytics India Magazine v Hexaware Recognized Among Best Organization to Work 2026 by ET Edge Hexaware Recognized Among Best Organization to Work 2026 by ET Edge v v v Hexaware Won in Five Categories at the Brandon Hall Excellence Awards 2026 Hexaware Won in Five Categories at the Brandon Hall Excellence Awards 2026 vv v v v v vv v v Hexaware Named Leader in AWS Professional Services in the ISG Provider Lens® AWS Ecosystem 2026 US Quadrant Hexaware Named Leader in AWS Professional Services in the ISG Provider Lens® AWS Ecosystem 2026 US Quadrant Hexaware Named Leader in AI-powered Business Transformation with AWS in the ISG Provider Lens® AWS Ecosystem 2026 US Quadrant Hexaware Named Leader in AI- powered Business Transformation with AWS in the ISG Provider Lens® AWS Ecosystem 2026 US Quadrant Hexaware Named Leader in Guidewire Services in the ISG Provider Lens® Guidewire Services 2026 Global Quadrant Hexaware Named Leader in Guidewire Services in the ISG Provider Lens® Guidewire Services 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 vv Hexaware Won Four Learning Awards at the TISS LeapVault CLO Awards 2026 Hexaware Won Four Learning Awards at the TISS LeapVault CLO Awards 2026 Hexaware Received CSR Times Award 2026 (Jury Appreciation) in Environmental Sustainability category at the 13th National CSR ESG Summit Hexaware Received CSR Times Award 2026 (Jury Appreciation) in Environmental Sustainability category at the 13th National CSR & ESG Summit 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 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 Application Development Projects in the ISG Provider Lens® AI-driven ADM Services September 2026 US Quadrant Report Hexaware Named Leader in Application Development Projects in the ISG Provider Lens® AI-driven ADM Services September 2026 US Quadrant Report Hexaware Named Leader in Continuous Testing Specialists in the ISG Provider Lens® AI-driven ADM Services September 2026 U.S. Quadrant Report Hexaware Named Leader in Continuous Testing Specialists in the ISG Provider Lens® AI-driven ADM Services September 2026 U.S. Quadrant Report Hexaware Mentioned in Forrester Landscape Report: The SAP Services Landscape, Q3 2026. Published: September 14, 2026, Analysts: Akshara Naik Lopez, Stephanie Balaouras, Faith Born Hexaware Mentioned in Forrester Landscape Report: The SAP Services Landscape, Q3 2026. Published: September 14, 2026, Analysts: Akshara Naik Lopez, Stephanie Balaouras, Faith Born Hexaware Named Leader in Insurance Services - ITO in the ISG Provider Lens® Insurance Services – ITO 2026 Global Quadrant Hexaware Named Leader in Insurance Services - ITO in the ISG Provider Lens® Insurance Services – ITO 2026 Global Quadrant
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12 Creating Meaningful Impact Beyond Business Bringing Smiles to the Planet and Communities We Live In 1,40,000 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 15% globally. Awarded a Silver medal with a score of 79, placing us in the 92nd percentile worldwide • S&P Global CSA: Got a score of 86/100 (improvement of 3 basis points) and 98th percentile • Featured in Dun & Bradstreet’s flagship publication ‘India’s Top 500 Value Creators 2026’ as one of the‘Value Creators of India’ placing us among organizations who are leading the way in creating sustainable value for all stakeholders, beyond just financial growth • NSE Sustainability Ratings- Hexaware received an ESG score of 76/100, earning a “Leader” classification that places the company among the top 10% of organizations assessed for ESG performance Adopting Global Best Practices • Committed to near-term, long-term, and Net Zero targets approved by the Science Based Targets Initiative (SBTi) • Successfully audited for ISO 14001, 45001 & 50001 by TUV in September 2026 • Achieved the highest rating of “Platinum” as part of the “Zero Waste to Landfill” assessment by TUV 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 85% of campus electricity usage to renewable sources by 2030 Achieved - 87% electricity from renewable sources on our own campuses 40% women workforce by 2030 In progress – 35.92% Students supported in STEM- 25,000+ by 2030 In Progress- 21,500
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Thank You Please direct all inquiries to Investorrelations@hexaware.com
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Oct 2026 Investor Factsheet – Q3CY26 © 2026 Hexaware Technologies
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2© 2026 Hexaware Technologies Quarterly Metrics Change In INR million unless stated otherwise Q3CY26 Q2CY26 Q3CY25 QoQ (%) YoY (%) Revenue (USD Mn) $411.9 $405.4 $394.8 1.6% 4.3% Revenue – Constant Currency (CC) 1.7% 4.5% Revenue (INR Mn) 39,331 38,452 34,836 2.3% 12.9% Profitability Reported EBIT (USD Mn) 50.2 55.3 58.0 (9.3%) (13.5%) Reported EBIT Margin (%) 12.2% 13.6% 14.7% -146 bps -252 bps Adjusted EBIT (USD Mn)* 56.9 55.3 58.0 2.9% (1.9%) Adjusted EBIT Margin (%)* 13.8% 13.6% 14.7% 17 bps -88 bps Reported EBIT(INR Mn) 4,791 5,236 5,124 (8.5%) (6.5%) Reported EBIT Margin (%) 12.2% 13.6% 14.7% -144 bps -253 bps Reported Profit(USD Mn) 44.9 34.9 41.9 28.8% 7.2% Reported Profit Margin (%) 10.9% 8.6% 10.6% 230 bps 29 bps Reported Profit(INR Mn) 4,294 3,302 3,699 30.0% 16.1% Reported Profit Margin (%) 10.9% 8.6% 10.6% 233 bps 30 bps Basic EPS (INR) 7.06 5.41 6.09 30.5% 15.9% Cash Flow LTM Operating Cash Flows (OCF) 15,369 16,754 17,698 (8.3%) (13.2%) LTM OCF to Reported Profit (%) 109.6% 124.7% 126.6% -1516 bps -1709 bps Key Financial Metrics *for Q3CY26, adjusted EBIT excludes Separation cost and Employee stock option compensation cost reversal associated with CEO exit in accordance with the terms of the contract amounting to USD 0.8 Mn, Professional fees associated with CEO exit USD 0.2 Mn, and Impairment of customer contract associated with an earlier acquisition USD 5.8 Mn ,respectively.
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3© 2026 Hexaware Technologies Revenue by Vertical In INR million Q3CY26 % of Revenue Q2CY26 % of Revenue Q3CY25* % of Revenue Financial Services 11,441 29.1% 11,029 28.7% 10,325 29.6% Healthcare and Insurance 8,922 22.7% 8,897 23.1% 7,760 22.3% Manufacturing and Consumer 6,299 16.0% 6,148 16.0% 5,653 16.2% Professional Services 5,366 13.6% 5,313 13.8% 4,597 13.2% Banking 3,720 9.5% 3,465 9.0% 3,030 8.7% Travel and Transportation 2,703 6.9% 2,784 7.2% 2,730 7.8% Technology, Products & Platforms 880 2.2% 816 2.1% 741 2.1% Total Revenue 39,331 100.0% 38,452 100.0% 34,836 100.0% Revenue by Geography In INR million Q3CY26 % of Revenue Q2CY26 % of Revenue Q3CY25* % of Revenue Americas 28,907 73.5% 28,294 73.6% 26,418 75.8% Europe 7,960 20.2% 7,669 19.9% 6,520 18.7% Asia Pacific 2,464 6.3% 2,489 6.5% 1,898 5.4% Total Revenue 39,331 100.0% 38,452 100.0% 34,836 100.0% Revenue by IT, BPS, and Others In INR million Q3CY26 % of Revenue Q2CY26 % of Revenue Q3CY25 % of Revenue IT Services 33,778 85.9% 32,772 85.2% 29,179 83.8% BPS 4,637 11.8% 4,399 11.4% 4,071 11.7% Others 916 2.3% 1,281 3.3% 1,586 4.6% Total Revenue 39,331 100.0% 38,452 100.0% 34,836 100.0% Revenue by Onshore, Offshore IT Services In INR million Q3CY26 % of Revenue Q2CY26 % of Revenue Q3CY25 % of Revenue Onshore IT Services 17,949 53.1% 17,039 52.0% 14,929 51.2% Offshore IT Services 15,829 46.9% 15,733 48.0% 14,250 48.8% Total Revenue 33,778 100.0% 32,772 100.0% 29,179 100.0% Key Revenue Metrics – Q3CY26 * 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 Q3CY26 % of Revenue Q2CY26 % of Revenue Q3CY25* % of Revenue Financial Services 120 29.1% 116 28.7% 117 29.7% Healthcare and Insurance 93 22.7% 94 23.1% 88 22.3% Manufacturing and Consumer 66 16.0% 65 16.0% 64 16.2% Professional Services 56 13.6% 56 13.8% 52 13.2% Banking 39 9.5% 37 9.0% 34 8.7% Travel and Transportation 28 6.9% 29 7.2% 31 7.8% Technology, Products & Platforms 9 2.2% 9 2.1% 8 2.1% Total Revenue 412 100.0% 405 100.0% 395 100.0% Revenue by Geography In USD million Q3CY26 % of Revenue Q2CY26 % of Revenue Q3CY25* % of Revenue Americas 303 73.5% 298 73.6% 299 75.8% Europe 83 20.2% 81 19.9% 74 18.7% Asia Pacific 26 6.3% 26 6.5% 22 5.4% Total Revenue 412 100.0% 405 100.0% 395 100.0% Revenue by IT, BPS, and Others In USD million Q3CY26 % of Revenue Q2CY26 % of Revenue Q3CY25 % of Revenue IT Services 354 85.9% 346 85.2% 331 83.8% BPS 49 11.8% 46 11.4% 46 11.7% Others 10 2.3% 14 3.3% 18 4.5% Total Revenue 412 100.0% 405 100.0% 395 100.0% Revenue by Onshore, Offshore IT Services In USD million Q3CY26 % of Revenue Q2CY26 % of Revenue Q3CY25 % of Revenue Onshore IT Services 188 53.1% 180 52.0% 169 51.2% Offshore IT Services 166 46.9% 166 48.0% 161 48.8% Total Revenue 354 100.0% 346 100.0% 331 100.0% Key Revenue Metrics – Q3CY26 * 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 Q3CY26 Q2CY26 Q3CY25 # of IT business professionals 23,182 22,796 21,908 # of BPS business professionals 12,705 11,710 11,682 Total Headcount 35,887 34,506 33,590 Voluntary Attrition rate for IT service line(3) 11.1% 11.2% 11.4% Utilization rate for IT(4) 84.9% 84.8% 83.8% Customer Concentration(1) Q3CY26 Q2CY26 Q3CY25 Top 5 customers 24.7% 25.3% 26.0% Top 10 customers 35.4% 35.7% 37.0% Top 20 customers 49.3% 48.7% 50.3% Client Pyramid(2) Q3CY26 Q2CY26 Q3CY25 $75 million + 2 2 3 $50 million + 4 4 4 $20 million + 17 16 15 $10 million + 32 34 30 $5 million + 67 65 65 $1 million + 205 206 199 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.
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6© 2026 Hexaware Technologies Other Key Metrics Days Sales Outstanding (DSO) # of Days^ Q3CY26 Q2CY26 Q3CY25 DSO - Billed 41 39 37 DSO - Unbilled 36 39 36 USD / INR Exchange Rate Q3CY26 Q2CY26 Q3CY25 Period Closing Rate 95.83 94.66 88.79 Period Average Rate 95.48 94.86 88.19 ^DSO is computed based on trailing 3 months of USD revenue
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7© 2026 Hexaware Technologies Change Q3CY26 Q2CY26 Q3CY25 QoQ (%) YoY (%) Revenue 411.9 405.4 394.8 1.6% 4.3% Revenue – Constant Currency 1.7% 4.5% (-) Employee Benefits Expense 240.8 238.9 224.9 0.8% 7.1% (-) Other Expenses 111.8 102.6 101.8 9.0% 9.8% (-) D&A 9.1 8.6 10.1 5.8% (9.9%) Reported EBIT 50.2 55.3 58.0 (9.3%) (13.5%) Reported EBIT Margin (%) 12.2% 13.6% 14.7% -146 bps -252 bps (+) Other Income (1.8) (5.3) 1.2 (66.0%) (250.0%) (+) Change in FV of Contingent Consideration 17.4 - - NM NM (-) Finance Costs 2.7 3.4 3.0 (20.6%) (10.0%) Profit before Exceptional item and Tax 63.1 46.6 56.2 35.4% 12.2% Restructuring expenses 6.2 - - NM NM Profit before Tax 56.9 46.6 56.2 22.1% 1.2% Total Tax Expense 12.0 11.7 14.3 2.6% (16.1%) Reported Profit 44.9 34.9 41.9 28.8% 7.2% Reported Profit Margin (%) 10.9% 8.6% 10.6% 230 bps 29 bps Reported EBITDA* 74.9 58.6 69.3 27.7% 8.1% Reported EBITDA Margin (%) 18.2% 14.5% 17.5% 372 bps 64 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 Q3CY26 Q2CY26 Q3CY25 QoQ (%) YoY (%) Revenue 39,331 38,452 34,836 2.3% 12.9% (-) Employee Benefits Expense 22,991 22,664 19,835 1.4% 15.9% (-) Other Expenses 10,678 9,735 8,988 9.7% 18.8% (-) D&A 871 817 889 6.6% (2.0%) Reported EBIT 4,791 5,236 5,124 (8.5%) (6.5%) Reported EBIT Margin (%) 12.2% 13.6% 14.7% -144 bps -253 bps (+) Other Income (169) (501) 103 (66.3%) (264.1%) (+) Change in FV of Contingent Consideration 1,663 - - NM NM (-) Finance Costs 254 328 260 (22.6%) (2.3%) Profit before Exceptional item and Tax 6,031 4,407 4,967 36.9% 21.4% Restructuring expenses 597 - - NM NM Profit before Tax 5,434 4,407 4,967 23.3% 9.4% Total Tax Expense 1,140 1,105 1,268 3.2% (10.1%) Reported Profit 4,294 3,302 3,699 30.0% 16.1% Reported Profit Margin (%) 10.9% 8.6% 10.6% 233 bps 30 bps Basic EPS (INR) 7.06 5.41 6.09 30.5% 15.9% Reported EBITDA* 7,156 5,552 6,116 28.9% 17.0% Reported EBITDA Margin (%) 18.2% 14.4% 17.6% 376 bps 64 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 Sep-26 Dec-25 Assets Property, plant and equipment and intangible assets 10,010 9,415 Right-of-use assets 6,083 6,116 Goodwill 38,172 35,768 Capital work-in-progress 721 505 Deferred tax assets (net) 4,057 4,043 Other non-current assets and investments in Equity Shares 1,915 1,789 Trade receivables and unbilled revenue 33,177 25,431 Other current assets 4,855 4,655 Cash and cash equivalents (inc. restricted and MF Investments) 19,052 21,324 Total Assets 1,18,042 1,09,046 Equity and Liabilities Equity 610 609 Other Equity and reserves 71,559 62,549 Non-controlling Interests (38) (32) Total Equity 72,131 63,126 Non-current liabilities 554 535 Deferred tax liabilities (net) 6 23 Lease liabilities 6,524 6,807 Trade payables 10,470 10,069 Other current liabilities 19,259 17,458 Contingent consideration 3,583 6,354 Provisions 5,515 4,674 Total Liabilities 45,911 45,920 Total Equity and Liabilities 1,18,042 1,09,046 Summary of Consolidated Balance Sheet in INR million
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10© 2026 Hexaware Technologies 9MCY26 9MCY25 Profit before tax 14,569 14,013 D&A, ESOP cost, Finance cost & other items 1,990 2,621 Changes in working capital (6,589) (4,732) Taxes (2,749) (2,659) Net cash generated from operating activities (OCF) 7,221 9,243 Capex (1,236) (1,296) Investment in MFs and Interest on Fixed Deposits (1,829) (3,051) Payment towards acquisition of business (2,787) (4,468) Net cash used in investing activities (5,852) (8,815) Proceeds from issue of shares 233 464 Equity infusion by non-controlling shareholder 7 - Borrowings and lease payments (1,690) (1,389) Dividend paid (5,181) (3,494) Net cash used in financing activities (6,631) (4,419) Net cash outflow (5,262) (3,991) 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) Q3CY26 Q2CY26 Q3CY25 Reported EBITDA Margin 18.2% 14.5% 17.5% Add: ESOP compensation cost 0.3% 0.2% 0.2% Add: ERP transformation cost(1) - - 0.4% Add: Separation cost and Employee stock option compensation cost reversal associated with CEO exit in accordance with the terms of the contract 0.2% - - Add: Professional fees associated with CEO exit 0.0% - - Add: Acquisition related costs(2) - 0.1% 0.1% Add: Impairment of customer contract associated with an earlier acquisition 1.4% - - Less: Write back of earnout payment of an earlier acquisition (4.2%) - - Less: Other income (excluding exchange rate difference (net)) (0.3%) (0.7%) (0.6%) Adjusted EBITDA Margin 15.6% 14.1% 17.6% 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 35,887 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: Ajay Joshi, 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.