hSenidBiz Starts FY26 Strong with Steady Recurring Revenue and Margin Gains
hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2026, reporting stable topline performance and the continuation of profitability improvements seen in the prior quarter. Total revenue for the quarter reached LKR 471.7 million, with recurring subscription revenues growing 36 per cent year-on-year in LKR terms. A decline in professional services revenue, particularly from large on-premise projects, partially offset the strong growth in recurring revenues resulting in a modest 1 percent year-over-year growth in LKR terms and 2 percent in constant currency (USD) terms.