Analysts/Institutional Investor Meet/Con. Call Updates

HEXT/SE/2026/118 Date: November 05, 2026 The Manager The General Manager Lis(cid:415)ng Department Department of Corporate Services Na(cid:415)onal Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400 001 Symbol: HEXT Scrip Code:544362 Dear Sir/ Madam, Subject: Transcript of the Investors/Analysts call Pursuant to Regula(cid:415)on 30 of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015, please find enclosed the transcript of the Investors/Analysts Earnings Conference Call held on Thursday, October 29, 2026, in connec(cid:415)on with the financial results of the Company for the quarter and nine months ended September 30, 2026. The transcript is also uploaded on the website of the Company and can be accessed at the weblink: h(cid:425)ps://hexaware.com/investor-rela(cid:415)ons/ This is also being made available at the website of the Company i.e www.hexaware.com Yours faithfully, For Hexaware Technologies Limited Gunjan Methi Company Secretary and Compliance Officer HEXAWARE TECHNOLOGIES LIMITED Regd. Office: 8th Floor, 13th Level, Q1, Loma Co-Developers1 Private Limited, Plot No. Gen-4/1, TTC Industrial Area, Ghansoli, Navi Mumbai-400710, Maharashtra, India) | Tel: +91 022 3326 8585 | Email: investori@hexaware.com CIN: L72900MH1992PLC069662 | URL: www.hexaware.com Hexaware Q3CY26 Earnings Call October 29, 2026 Moderator Ladies and gentlemen, good day. Welcome to Hexaware Technologies Limited's conference call for the Q3CY26 earnings call. We'll begin today's session with a presentation from the Hexaware management team, followed by a Q&A segment. To ask a question during Q&A, please use the raise hand feature located at the bottom of your Zoom interface. This will place you in the virtual queue. I will now hand the conference over to Mr. Ajay Joshi, Head of Investor Relations. Thank you. Over to you, Mr. Ajay. Ajay Joshi Thank you. Hello, everyone. Welcome to Hexaware Technologies' Q3 CY26 earnings call. In the call today, we have with us our CEO, Mr. Vivek Jetley, and our CFO, Mr. Vikash Kumar Jain. In the course of this call, we may make certain statements which are forward-looking and may involve a number of risks and uncertainties. All forward-looking statements made herein are based on information presently available to the management. And the company does not undertake to update any forward-looking statements that may be made in the course of this call. In this regard, there is a full disclosure which has been included in the investor presentation and the press release. We consider that as read. With this, I hand over the call to Vivek. Over to you, Vivek. Vivek Jetley Thank you, Ajay, and good morning, everyone. Thank you for joining us. It is a privilege for me to be speaking with you today on my first earnings call as the CEO of Hexaware. Before I proceed, I wanted to acknowledge Keech and the extraordinary contribution that he has made to Hexaware. For the last 12 years, he has led this business through significant changes and has grown our revenue fourfold. That is a substantial achievement. His legacy goes beyond numbers. It is in the client's relationships, the capabilities, and in Hexaware's culture. He leaves a very strong foundation for us and a great base for us to build upon. On a personal note, I am grateful for his generosity, for his openness, and keen insight. I have benefited immensely from his support through this transition, and I'm glad that we will continue to benefit from his experience and counsel as a senior advisor. I also wanted to acknowledge the broader Hexaware team. What has stood out for me through this transition is their commitment to our clients and to the work that we do every day. Client centricity is core to our DNA, and I want us to carry that commitment forward with clear priorities, accountability, and a relentless focus on delivery. Now, many of you are hearing from me for the first time, so I'll start with a little bit about me, what brought me to Hexaware, and how I see the opportunity in front of us. I will then turn to the quarter before handing it over to Vikash for our financials. I've spent about 25 years working at the intersection of data, AI, and enterprise transformation. Most recently, I was at EXL, where I was the president of insurance, healthcare, and life sciences businesses. Before that, I led EXL's analytics business, where we built and scaled an industry-leading advanced analytics, AI services, and data engineering capabilities. Over that time, I have seen several technology cycles up close. Data becoming strategic, cloud reshaping enterprise technology, and more recently, the AI adoption supercycle. Each shift created real opportunity, and each one needed new capabilities, fresh thinking, and the willingness to disrupt and build anew. We are now at the most pivotal moment with enterprise adoption of AI and the massive opportunity that it represents. So why Hexaware? Why Hexaware at this moment? Because the ideal partner for AI adoption requires a combination of technology, data, AI, and business specialization that can be leveraged in a flexible and fast manner. AI is democratizing technology. Models, tools, and code are increasingly available to everyone. But the ability to deploy, to scale, to govern, and to produce business outcomes, that is still very scarce. AI can change the way companies operate. It can change how an insurer underwrites risk, how a bank services its customers, and how a healthcare provider ensures healthier patient outcomes. The services companies that will win the AI mandate will need to combine technology, data, and AI skills with deep business knowledge and the ability to execute, and that combination is a combination that Hexaware provides along with the scale, our deep roots in key verticals—a technology vertical that is growing really rapidly—clients that have trusted us for decades—and a fast-moving culture. I came on board because I believe that Hexaware has the ingredients to help define the next cycle, and I want to be a part of building that. Now, at Hexaware, our AI strategy is built on three pillars. You heard a little bit about that on our AI day, and I wanted to reiterate that. Our first pillar is AI for IT. We are embedding AI across the technology lifecycle. Earlier this year, we launched Zero Friction Enterprise to help clients modernize their legacy systems, reduce technical debt, improve software quality, strengthen the cyber resilience, automate operations, and overall accelerate application delivery. Offerings such as zero tech debt, zero vulnerability, zero backlog, zero defects, and zero tickets help clients move forward towards a zero-friction technology environment. Zero license, which is a part of our zero-friction enterprise, helps enterprises move from managed subscriptions to owned assets and to gain traction. Since its launch earlier this year, eight customers have already moved workloads to our AI native or cloud native environments, saving them millions in terms of workload costs. And we're seeing a lot of interest, which is kind of expanding our pipeline for these offerings. Just as an example, recently we helped a leading secondary mortgage enterprise replace its low-code, no-code workflow platform with a cloud-native solution. It helped them save more than $10 million in license costs. Now, AI is only as effective as the context that it understands. So at the heart of Zero Friction Enterprise is Zerovity, our enterprise AI platform, and a first-of-its-kind approach to enterprise technology intelligence. It connects the context, the relationships, and dependencies across an enterprise technology landscape, revealing how systems interact, where risks and inefficiencies exist, and where transformation can deliver the greatest value. This is something that's going t [Showing first 8,000 characters — download PDF for full document]