Congrats on a great quarter. So I had a couple of questions. Firstly, on the Americas revenues, they've been kind of flat over the past almost three-odd quarters. So just some colo ur on what's happening there and we expect Europe and ROW to continue to -- stability? Or do you see North America return to growth in the short to medium term? That's one. And the second question was just wanted to understand slightly more around the nature of the deal velocity rather. I mean FY23 was, of course, a phenomenal year. We had $1 billion in deal wins. And so far, Y -to-D, we've been slightly slow. And of course, large deals, as you said, are lumpy and may or may not happen. But if -- I'm not asking for a guidance here, but if I were to think about growth in '25 and '26, sustaining this pace of growth or coming in the ballpark of extreme high-growth trajectory, how dependent is that on maybe increasing our deal wins to maybe slightly higher than the current run rate? And if no -- how fast do this growth expansion happens so that, that growth keep sustaining?
Questions across 3 calls
Abhishek Pathak
HSBC
KPIT Technologies Limited
My question was, despite a strong H1, the implied C QGR seems to be meaningfully lower, maybe at around 2% to 2.5%. Just to get some clarity, has there been some ramp -up which has been front -loaded, which won’t happen in the second half? Or are there some short -term factors at play in the second half? I do see the irony in saying 37% guidance as cautious, but for want of a better word, what ’s driving the outlook? And is there any upside to this guidance?
Cyient Limited
I have a couple of questions. Firstly, on the connectivity vertical, heartening to see that the vertical has bottomed out. Could you break down the outlook between wireline and the wireless business? And specifically for wireline, do you see the U.S. elections meaningfully influence the outlook, if at all? That's one. And the second question is around sustainability vertical, which is doing phenomenally well. If you could go deeper into what's leading to this growth? And can we expect this quantum of growth to sustain in FY25? Is this coming from Citec? And if yes, any color on how we are sort of taking whatever capabilities we have acquired through Citec to other clients? And is that part growing equally as well?
Just to break down also between wireline and wireless and whether U.S. election will have a meaningful impact on the wireline piece. I mean, can we expect a push after the elections are over in the U.S. for wireline business?