Stockrabit · Analysts
Questions across 51 calls

Abhishek Kumar

JM Financial

Coforge Limited

Coforge Limited CC-Jun24.pdf · 2024-07-23
Hi good morning. My first question is on order book growth. Sudhir, we have seen last few quarters the gap between executable order book growth and the revenue growth has kind of widened. Is it because, the smaller deals which are won and consumed during the years have kind of dried up? And if that is the case, what gives us the confidence that the growth in executable order book would kind of necessarily translate into better revenue growth for us.
Sure, that is helpful. My second question is on testing. I think in our prepared remarks also, we mentioned a lot of GenAI led automation. And we also hear from some of your peers that testing is one area which is ripe for disruption because of GenAI related efficiency gains. Now, in that context, how do we look at Cigniti’s portfolio? Do you think there is a risk because of AI in terms of volume deflation?
Coforge Limited CC-Mar24.pdf ·
Yeah, hi, good morning, sorry, good evening, Sudhir and congratulations on the acquisition. First question is on the large deal in B FSI, you know, $400 million probably a deal that large cap would be proud of. I just wanted to understand, , what kind of deal these are in terms of, whether it is RFP, whether it is proactive pursuits. How are we able to now solution and bid for such large deals and who are we winning these deals against?
Yes, that was very elaborate and helpful. Maybe a related question on margin , these large deals, as we understand are margin dilutive, at least in the beginning. So are we also witnessing, some of the margin pressure because of the large deals coming in now, especially to this year?

Wipro Limited

Wipro Limited CC-Jun24.pdf · 2024-07-19
Srini, first question is on Capco. Some of your peers have also indicated green shoots in BF SI, especially around discretionary short cycle span. Have you seen in Capco expansion of the area where Capco has been winning deals from what you’re doing maybe couple of quarters back?
Energy and Utilities, this vertical has been unusually soft for us. While we have not seen that for any of our peers, so any more color on what is driving softness -- is it client-specific, are we losing out to peers in the consolidation scenario, any color here and how do we see this going forward?
Wipro Limited CC-Mar24.pdf · 2024-04-19
My first question is on Capco growth. You mentioned you saw both sequential growth and strong bookings. I am just trying to reconcile this with the comments that we hear about discretionary spend, especially in BFSI remains sluggish. So, what explains strength in Capco, maybe if you can highlight certain areas where Capco is winning deals?
Maybe let me follow up on this. Then given the strength here and BFSI stabilizing, I was just wondering why this is not translating into slightly better guidance for next year, at midpoint, we still see decline sequentially, so what explains slightly weaker guidance for Q1?
Wipro Limited CC-Dec23.pdf · 2024-01-12
Hi, thanks for taking my question. Thierry last few quarters, our growth has been challenged by some of the project cancellations , leakages, etcetera. Now, as you say, there are signs of stabilization. Is the leakage reduced to a level where the incoming revenue from all the deals we have won has started to exceed what is leaking out and therefore, incrementally, there should be growth? Is that kind of the right understanding?
Yes, that's helpful. And maybe the next question is on margin, maybe on the medium term. We have done a tremendous job in protecting our margin despite revenue erosion. So, as growth comes back, how are we lookin g at or how should we look at margins over the medium term? Should we go back to maybe pre-Capco kind of margin levels? Any colour on margin trajectory over the medium term? Thank you.
Wipro Limited CC-Sep23.pdf · 2023-10-18
Thierry, you mentioned that you expect in next couple of quarters things to look up. I was just wondering what is driving your confidence. Are we seeing that t he runoff of discretionary proje ct s that we have witnessed over the last couple of quarters, is that coming to an end or you expect general demand to improve further?
Sure, that's helpful. Just one follow -up maybe. So, on order backlog you mentioned, so while you know we are w inning deals, so inflow is good , at the same time there is depletion of current book of business. So, I know we don't give that number, but any color in terms of how the order backlog has improved over the past few quarters, given these two movements in different directions. Thank you.

Tata Technologies Limited

Tata Technologies Limited CC-Jun24.pdf · 2024-07-18
Hi, good evening, Warren and Savitha. Thanks for taking my question. First question Warren is on demand. You mentioned in your opening remarks that there are isolated cases of weakness in few clients. I just wanted to understand what do you mean by isolate d cases and what gives you the confidence that these are not because of the EV slowdown or more broader trends and then I have a follow-up?
Sure. Second question is on FY '25 outlook you indicated sequentially there should be acceleration from Q2, but just the arithmetic given a soft start to the -- in terms of probably achieving growth similar to FY '24 could be difficult. So, any -- I mean, do you think the assessment is correct if any color you would like to give us for the full year growth expectations for FY'25?

Infosys Limited

Updates Infosys Limited has informed the Exchange regarding 'Transcripts of the press conference and earnings call conducted after the Boardmeeting held on October 12, 2023'. · 2023-10-12
Yes. Hi, good evening. Thanks for taking my question. I was also trying to deconstruct this quarter's growth. It seems to me there is a volume dec line, just going by the headcount decline and small increase in utilization. So, is it the realization which has helped us or some of the one-time which you mentioned, and it has been asked in the previous questions also? Or is it that some of the smaller deals, like less than $50 mn, which we do not disclose, the uptick in those deals or kind of inflow of those deals has ki nd of dried up significantly, which is basically resulting in mega deals needed to sustain the volume growth? External Document © 2023 Infosys Limited 23 So in my opening remarks, I said that we are c ontinuing to see softness in the underlying volumes and the revenue for the quarter was supported by stronger growth in the balanced portfolio and improved realization from one-timers.
Okay. So, my question also was, while I know we do not give the numbers out, but the contribution of less than $50 mn deals in our revenue contribution or pipeline how has that changed? The reason why I am asking is, it seems that without the mega deal or large deals ramping up, there is a sustained pressure on margins. And these deals c ould be difficult to time, when really these deals will ramp-up. So, in the absence of that, the contribution smaller deals, has that really kind of changed as a proportion of revenue over the last few quarters?
Infosys Limited CC-Sep23.pdf · 2023-10-12
Yes. Hi, good evening. Thanks for taking my question. I was also trying to deconstruct this quarter's growth. It seems to me there is a volume dec line, just going by the headcount decline and small increase in utilization. So, is it the realization which has helped us or some of the one-time which you mentioned, and it has been asked in the previous questions also? Or is it that some of the smaller deals, like less than $50 mn, which we do not disclose, the uptick in those deals or kind of inflow of those deals has ki nd of dried up significantly, which is basically resulting in mega deals needed to sustain the volume growth? External Document © 2023 Infosys Limited 23 So in my opening remarks, I said that we are c ontinuing to see softness in the underlying volumes and the revenue for the quarter was supported by stronger growth in the balanced portfolio and improved realization from one-timers.
Okay. So, my question also was, while I know we do not give the numbers out, but the contribution of less than $50 mn deals in our revenue contribution or pipeline how has that changed? The reason why I am asking is, it seems that without the mega deal or large deals ramping up, there is a sustained pressure on margins. And these deals c ould be difficult to time, when really these deals will ramp-up. So, in the absence of that, the contribution smaller deals, has that really kind of changed as a proportion of revenue over the last few quarters?