hSenidBiz Q2 Sees 23% Revenue Jump & Major Margin Expansion 📈

hSenid Business Solutions PLC (ICT/BPM) reported robust performance for the second quarter of FY2026, marking substantial progress toward critical profitability milestones. • Financial Milestones: Total revenue reached LKR 516.9 million, reflecting strong 23% YoY growth in both LKR and USD constant currency terms. The Normalized EBITDA margin expanded significantly to 11%, more than quadrupling the 2.5% recorded in the previous quarter, positioning the company at the cusp of Normalized EBIT break-even. • Growth Drivers & Sustainability: The PeoplesHR Cloud segment was the main driver, achieving 34% YoY revenue growth (LKR terms). Recurring revenues contributed 72% of the total revenue base. New deal closures for the quarter surged by 48% YoY to US$ 381,931. • Global Reach & Innovation: The flagship PeoplesHR solution supports over 1,700 HR departments across 40 countries (South Asia, ME, Africa). The company is set to launch PeoplesHR X (Version 10), which introduces Lexi, an AI-powered capability suite designed to enhance customer experience and productivity.