Congrats on good numbers. Anuj, any early sense in terms of how advertising spends in India are shaping up ahead of the holiday season that we see in the second half?
My second question is in terms of any updates on acquisition plans? Are we near to consummating something? What are the areas that we are looking at?
Anuj, congrats on a good set of numbers. One slightly futuristic question in terms of - we were in an era where we used to separate out non -genuine machine traffic and focus on human conversion, but with Authentic AI, you will have machines driving conversions. How are we preparing for that? How soon can this emerge as one more mode of conversion?
Okay. Sure. Just one bookkeeping question for Kapil. What was the intangible's capitalization for the nine month period?
Yes, thanks for the opportunity. So, Mohit, you earlier mentioned that your average experience is almost double of your peer group. So, from a pyramiding perspective, when do we start to see the movements? Because even from your annual report perspective, you r less than 30-year age bracket has gone down in terms of proportions. So, one question is, when do we start to see that? And secondly, how growth dependent that is in terms of both layering of experience and secondly, the pressure induction?
Okay, fair enough, Mohit . And just one question in terms of receivables bump up this quarter, what was the driver of that? And is it a single segment driven or this is much more broad based?
Just a follow up to an early comment made, that the volume of revenue growth for us is not materially different despite almost 5.5% shift towards offshore in terms of headcount. So, was it underlying underutilization, fixed price flexibility that's helped us or there are other factors at play?
Yes, thanks for the opportunity. CVK, one question in terms of your software business. This is 3.5% this year improved margins by around 200 bps. And looking at the guidance, it seems to be growing almost similar to what you think the Services business would grow at? So what is fundamentally changing in terms of your software business for it to start growing at par with Services and also improve margin?
Two questions. So DC, as we look to chase growth, do we need to relax some of our operating parameters like we run at almost the highest offshore effort at around 85%. Our SG&A levels are more like 12.5%, which is towards your historical lows. So do you need to invest here? And thirdly, in terms of utilizations, do we need to take them down? And the second question is around the right of use assets. What has driven the more than 40% sequential increase in terms of the right of use assets?
Okay. And just a follow-up to what Nachiket mentioned. So in terms of our deal pipeline, which is skewed towards more cost takeout kind of deals. Is there more people or asset takeover involved in terms of deals versus what we would have done in the past?