Dinesh Saparamadu | Sampath Jayasundara |
hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2027, delivering a strong revenue growth and sustained profitability as the company continued to execute its SaaS-led growth strategy.
Total revenue for the quarter reached Rs.602.8 million, reflecting a year-on-year growth of 28 percent. The company’s recurring revenue model continued to strengthen during the quarter, with the recurring revenues contributing 75 percent of total revenue.
The exit annualised recurring revenue (ARR) reached US $ 5.7 million, representing a 26 percent increase compared to the corresponding period last year, reinforcing the resilience and predictability of the company’s revenue base.
The company recorded a net profit of Rs.51.0 million, a turnaround from the net loss in the same quarter of the previous year. While the foreign exchange gains contributed to the profitability, the core operating performance remained solid, with the EBITDA excluding forex gains reaching Rs.81.4 million.
Gross profit rose to Rs.321.8 million, delivering a gross margin of 53 percent. Profit before tax reached Rs.66.1 million, with an 11 percent margin, demonstrating the continued operating leverage of the business as it scales.
hSenidBiz Founder and Chairman Dinesh Saparamadu stated, “We are seeing an increasing shift towards AI-enabled workforce transformation. Our investment in product innovation and market expansion positions hSenidBiz to capitalise on these opportunities and deliver long-term value.”
hSenidBiz CEO Sampath Jayasundara commented, “Our performance this quarter reflects the disciplined execution of the strategy we have been building over the past few years. We remain focused on strengthening our commercial execution, enhancing the PeoplesHR platform and delivering solutions that help the customers realise greater value from their HR technology investments.”
During the quarter the company continued to refine its go-to-market approach across focus markets and advanced the Lexi AI platform with the introduction of multi-agent orchestration capabilities. These enhancements support more intelligent cross-module workflows and move the company further towards its vision of a comprehensive human capital operating system.
