hSenidBiz reports strong growth in latest results
View(s):hSenid Business Solutions PLC (hSenidBiz) has announced its financial results for the second quarter of FY2026, reporting robust topline performance and substantial margin expansion as the company approaches a critical profitability milestone. Total revenue for the quarter reached Rs. 516.9 million, reflecting year-over-year growth of 23 per cent in both rupee and USD constant currency terms, according to a company media release.
The PeoplesHR Cloud segment continued to drive performance, recording a strong 34 per cent year-over-year increase in rupee terms and 35 per cent in USD constant currency. Recurring revenues contributed 72 per cent of total revenue, reinforcing the quality and sustainability of the company’s revenue base.
New deal closures for the quarter amounted to $381,931, a 48 per cent increase compared to the same period last year, with 76 per cent of deals attributed to the PeoplesHR Cloud business.
Commenting on the quarter’s performance, Founder and Chairman Dinesh Saparamadu stated, “The combination of accelerated revenue growth and expanded margins validates our strategic approach. We continue to execute our long-term plan with discipline and are firmly on track to achieving the milestones we set out a few years ago. Our immediate focus centres on reaching sustained profitability, strengthening our sales pipeline in overseas markets, and capitalising on the competitive advantages our product innovations will deliver to customers.”
CEO Sampath Jayasundara added, “We are seeing tangible results from our unwavering focus on building a resilient recurring revenue model. Approaching Normalised EBIT break-even represents a significant milestone, and we remain committed to strengthening our market position through product innovation and disciplined execution.”
PeoplesHR, the company’s flagship human capital management software solution, now supports over 1,700 HR departments across 40 countries spanning South Asia, Southeast Asia, the Middle East, and Africa, helping organisations digitise the entire employee journey from recruitment to retirement.
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