Yes, thanks for the opportunity. Gunjan, in the flat revenue growth picture that we have for the quarter what is the volume and ASP expansion that you see?
Okay. The other expense part has jumped up on a Y-o-Y basis to almost like 410 basis points. Can you provide a bridge to that? What are the elements, what are the account heads which have kind of expanded on a Y-o-Y basis?
Yes. Thanks for the opportunity. Nitin, if you can give us an outlook on various segments of your business into 2024 from a demand recovery perspective, the mortgage part -- the non - mortgage BFS part and the non-BFS part, how would that look like?
My second question Nitin is more industry related, not so much Mphasis specific. We've seen a lot of the cloud players announce results recently. And if you look at the last 24 months, we've seen the cloud players deliver anywhere between 10% and 30% kind of Y-o-Y growth. 10% -- maybe 10%, 12% for AWS and the others have delivered 20% to 30% growth. This could probably a naive question, why is that not translating into IT services demand because the cloud players seem to be doing fairly healthy revenue growth?
Yes, thanks for the opportunity. Warren, you mentioned that FY25 is going to see robust growth on the one hand, whereas you're saying that VinFast, which is probably the largest kind of customer, which constituted almost like 20%- 25% of revenues in FY23, if I'm not mistaken. I don't know the number for FY24, will wind down by 4Q. So what is going to replace that in FY25 and still deliver robust growth?
Okay. My second question, Warren, in one of your media interviews, I think prior to the IPO, you mentioned that the exposure to the Tata group, not just Tata Motors and JLR, was to the extent of almost 43%, if I'm not mistaken. And you made a point that, that is up. So is it going to come from Tata Motors, JLR or some other entities within the Tata group?
Thanks for the opportunity. Amit, when you said the winter is over, is that applicable only to you or for the broader ER&D players in the market?
Okay. My second question, there have been a lot of media reports around slowdown on the EV side. There's some discussion around inventory buildup and all that. So, is that having any impact on the Auto ER&D services side?
Thanks for the opportunity. I had one question on Gen-AI and a couple of questions on ER&D. CVK, you mentioned about surround services with respect to Gen-AI. So for $1 spent on Gen- AI, how much would be the downstream work on surround services like data modernization?
I had two questions. One, what is your right to win in the auto ER&D side? You've done the ASAP acquisition, but why should a customer come to you compared to going to a pure play auto ER&D player like a KPIT or a Tata Tech? And the second question on ER&D is, HCL Tech probably started off its life as a ER&D player 40 - 45 years back. But that's still just a $2.2 billion business, even after doing multiple acquisitions. So it's not come to the size of, say, the business IT services business. So what is ailing the ER&D business to why it has not grown the level of the Business IT Services side? Just those two questions.