Hexaware shares drop as much as 8% after CY26 revenue growth forecast cut to 6–7%
AI Market Summary
Hexaware cut CY26 revenue growth guidance to 6–7% (from ≥7.6%) citing delayed deal ramp-ups and weaker macro conditions, despite modest EBIT margin improvement and healthy order wins. The guidance downgrade and sequential profit decline drove an ~8% share drop, reinforcing investor concerns about Indian IT demand sensitivity to global growth and execution risk. Near-term sentiment for the sector and related India equities may soften.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT+0.37%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
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India’s IT services firm Hexaware Technologies reported CY26 first-quarter results with revenue up 6.1% year on year, while net profit fell 6.1% sequentially. The company cut its full-year revenue growth guidance to 6–7% from at least 7.6%, citing delays in deal ramp-ups and a weaker macroeconomic environment. Although EBIT margin edged up to 13.6%, investors focused on the softer growth outlook, sending the stock down as much as 8%.
