Mobiquity, part of Hexaware, is a Privately Owned company headquartered in the US. Founded in 2011, it employs approximately 800 individuals and specializes in IT Services and IT Consulting. The company functions as a digital enabler, partnering with brands to design, build, market, and maintain digital products and services focused on delivering business value for clients and immersive experiences for their customers. As an AWS Partner Network (APN) Premier Consulting Partner, Mobiquity has collaborated with AWS since 2011 to provide cloud-based innovation. It leverages AWS tools and services to design and build secure, cloud-native solutions across various platforms, including web, mobile, IoT, chat, and call centers.

Revenue

Founded

2011

Headcount

282

Headquarters

United States

Primary Segment

IT Services and IT Consulting

Ownership

Privately Owned

News Summary:

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Jul
29th
2026
22:06
Emerging Tech, Financial Results, Financial Performance
Earnings call transcript: Hexaware cuts 2026 outlook after solid Q2 growth
{ "summary": "Hexaware Technologies reported solid second-quarter results for calendar 2026, with revenue rising to $405 million and EBIT margin improving to 13.6%. The company trimmed its full-year growth outlook to 6% to 7% from 7.6%. Hexaware said business remained resilient in a difficult macroeconomic environment. Revenue growth came from both volume gains and calendar benefits, while utilization improved to 84.8%. The company added 708 employees net during the quarter, including 180 in IT and 530 in business process services. Management said the cutover of the three-year ERP transition went smoothly, despite invoicing delays temporarily affecting cash collection early in the quarter. The company described the broader demand environment as mixed, with five of seven verticals growing both sequentially and year over year. Healthcare and insurance, banking, and manufacturing and chemicals were among the stronger areas. Travel and transportation remained the weak spot, with revenue down 18% year over year due to macro pressure, especially in the Middle East. Management said the outlook reduction was driven mainly by timing, with several deals won earlier in the year expected to ramp in late third quarter and fourth quarter, leaving less time to make up the lost revenue in 2026. The company's shares edged up 0.66% to $0.765 after the report, a modest move that points to a cautious market response. Hexaware cut its full-year 2026 revenue growth outlook to 6% to 7%, compared with the previous 7.6%. Management said the company still expects to exit the year with double-digit or higher year-over-year growth, and it guided to a compound quarterly growth rate of 2.7% from the second quarter through year-end. The company maintains a dividend yield of 2.3% and has paid dividends consistently for seven consecutive years. InvestingPro assigns Hexaware a Financial Health Score of 3.38 out of 5, rated as "GREAT," reflecting strong profitability and cash flow metrics despite near-term growth headwinds. The company kept its EBIT margin guidance unchanged at 13% to 14%. It also said hedge and translation losses should ease to about $5 million in the third quarter and $3 million in the fourth quarter. Strategically, Hexaware is leaning into AI-led services, planning to launch one new AI service each month and aiming to win 100 customers within 90 days of each launch. CEO Ash Sri Krishna said AI adoption is becoming more realistic after a period of hype, and the company is focusing on vertical depth and client-specific context to differentiate itself from competitors."
Investing.com