Congrats on fantastic deal wins here . My question is for Aravind. Aravind, is the INR12 billion increase in the current quarter in other assets entirely deferred contract costs?
And Aravind, what will be your receivables if you i nclude the contract costs as well for the quarter?
I've got a couple of questions. DC, first is the productivity benefit that you passed on to the large client. When did that happen and what is the duration of residual impact in the fourth quarter from it?
So, obviously there'll be some impact on profitability. So, what are the measures to recoup some of the hit to profitability from this productivity reset, and by when would you be able to, let's say, recoup the losses or to margins from here?
DC, my first question is for you. See, it does not look like in FY '25, discretionary spending outlook would improve. So with that being the case, should your growth be similar to what you saw in FY '24, or are there any specific interventions that you have made in terms of cost takeout, deal participation, et cetera, which could change your growth outlook for FY '25 even in a challenging environment?
Okay. That's helpful perspective, DC. The second question that I had is for Vinit. Vinit, this onetime impact of 80 basis points due to project cancellations, how does this play out? Was there a revenue reversal or was there basically transition costs that you were carrying, which you have written off? How will this show up in the P&L?
Hey, thanks Sudhir. Congrats, crazy growth here. A quick couple of questions. One is that you mentioned that ServiceNow and Salesforce is a trending practice, where the area of practice is very strong. Now in both these practices, essentially there is a fair bit of licensed procurement and sale that happens in the December quarter, seasonal trend. So does that hold true for Coforge as well and if yes, can you quantify, let us say the contribution that you had from the sale of third party licenses in the December quarter?
That includes the license cost as well.
Hi Sudhir exceptional quarter congratulations . Couple of questions Sudhir first is that your deal pipeline and deal wins have been exceptionally strong, which I do not think mirrors across the industry, but nonetheless would love to get your views on whether it is the environment or something has changed in Coforge's portfolio that is the first question. The second question relates to the question asked by Manik on GCCs. I mean, how would you characterize the durability of revenues of GCCs and how are the nature and shape of engagements different? And the third question I have is for Saurabh, Saurabh the gap in the IndAS margins and the fact sheet margins have expanded quite a bit in the current quarter. What would you have to say to?
Fantastic. Thank you so much for the answers Sudhir.
Thanks a lot, and congrats to the team for a good quarter. A couple of questions. One is that was there a wage revision in the current quarter and if not then what would the profitability performance have been on a Y -o-Y comparison if the wage was effective from 1st of April?
Okay got that. The second thing Sudhir is that while of course, the overall confidence on growth is encouraging, right. I was surprised to see a weakness in the financial services verticals and a segment of the market which has shown some level of buoyancy, what would you attribute that to? Let me just complete the final question. The final question that you have spoken a lot about growth excluding the India government business is not that annual seasonal factor wherein the fourth quarter, the government business picks up and there is a decline in 1Q. So, should you basically really look at performance excluding the India government business from a 1Q standpoint? Yes, those are my questions. Thanks.
Couple of questions for you, Mohit. First is that if you look at Comms for Tech Mahindra, there have been market share losses through FY24 due to aggressive competition and maybe possibly a state of flux at TechM. Do you think we have made sufficient interventions to clearly call for the turning off the corner in the telecom vertical? And related to this is the comment that you made on possibly challenges in the US communications market. Is that something whi ch is competition-induced or is just basically the grind themselves under stress? So, that's the first question. The second question is that you made a comment on large deals that you don't want to make headway assumptions on execution. Now is that the TechM being conservative or are you seeing a lot of headways from your competition on large deals assumptions here?
Now if I can ask you a final question that I had is more on the auto segment. And I just wanted to understand the composition of that business, the nature of programs between let's say engineering and IT services spread between tier one and OEM and anythin g happening in the vertical, given the kind of state of flux, which is there in the auto OEM segment, anything that raises a red flag for you?
A couple of questions, Mohit. One is that if you look at the current quarter, growth has been driven by BPO which has added close to $25 million to your revenue incrementally. Now I also notice that there was an acquisition announced, Orchid Cybertech. So, what was the contribution of that to the revenue? And more generally what has driven such a strong growth in BPO? And the related question to it is that when I look at a BPO portfolio, it’s quite heavy on contact center services or call center services. Does that worry you given that that business would be the first one to be impacted by GenAI.
Second part of the question, Mohit, is that the market has been fairly active in terms of consolidation deals in telecom, in fact, there have been many mega deals in consolidation, deals announced in North America, in Australia and even in Europe. I mean this market is of course fairly competitive as well. So, would you be playing into this market and consolidation deals or would you stay away from it giving profitability consideration?
The question I had for you Srini is that when I look at your performance in Manufacturing in EU in maybe communication though it has changed somewhat this quarter, it does indicate that it is not so much the environment but shares losses in consolidation exercise. So, at a broader level, I wanted to have your view that I was Wipro positioned as let us say vendor consolidation exercises at an overall level and then going into verticals if there are any nuances as such?
And in this example that you gave on vendor consolidation, who did you consolidate out? Are you consolidating out other India heritage vendors or are these legacy vendors who are on their last legs?
A couple of questions actually from my side. One, Krithi, how's the furlough situation going to be this year from the initial conversation with clients? Is it any different than what you have seen in earlier years?
Got that. The second question is on the BSNL deal. Now there are various numbers -- I mean, various sizes, which are being discussed. I think your company announced a $1 billion in terms of deal size. Whereas when I read your annual report, there was a specific mention of an additional 20,000 sites, which will be rolled out as part of deployment. I'm just trying to understand the overall size of the scope of the deal. And if it's a $1 billion, then I guess in the last four quarters itself, the bidding would have reached around $750 million, so with that as a backdrop, how do you end up with, let's say, flattish deployment or another quarter of strong robust revenue from BSNL in the December quarter?
My question is also on the obvious over here. I mean, Karthik, I remember asking this question about guidance because it seemed a little bit aspirational when we basically, I asked the question last time around. I am still trying to get my head around, how could the magnitude of miss be so large? You did talk about perhaps 4-5 projects getting delayed, but even 4-5 projects in itself cannot lead to such a disastrous 1Q. When I look at the composition of revenues, the decline is broad based across verticals . S o couple of things , o ne is that I am just trying to understand whether there have been any lapses in s ales execution or processes? Or is it the fact that the entire guidance process in itself had significant slippages? Help me reconcile the math over here?
So have these learnings been incorporated in the new guidance of flattish revenues?
My question is for Karthik. Karthik, the back-ended guidance never works for the industry, the environment is challenging. You have missed your guidance perhaps possibly in three of the last four quarters. I mean, what gives you the comfort of going out and giving such a guidance which is back-ended all over again?
Karthik, correct me if I'm wrong, but I thought that normally in this industry, your normally -- visibility is the highest for the immediate quarter and the visibility reduces as you progress through the course of the year. What you're indicating is possib ly quarterly trajectory, which is uncertain. So, if quarterly trajectory is uncertain, how does one give an annual guidance here?
I have a couple of questions for Karthik. The first question is that you have seen the recent announcement of Ericsson or other comments of Ericsson wherein they expect the network spending to remain muted in calendar year '24 as well. I think we do have exposure to that market. Now, assuming that the market remains muted, do you think that the impact will filter through your communications performance or are there offsets available?
The second question is that any line of visibility on the refresh of the narrow bod y aircraft platform and let's say if you don't have visibility, then you know without that what's the kind of run rate and longevity of growth that you can have in it?
I have a couple of questions. The first question is for Prateek. Prat eek, I am just trying to understand the math that you gave for revenue decline in June quarter of 2%. Now , let's say if you have a mega deal, let's say $600 million over a period of five years, maybe like $120, $125 million of revenues, even if that shifts offshore, should it lead to such a big swing in a quarter just from offshoring? The second question relates to the deal wins. Now, if you look at FY'24, if I strip off the contribution from Verizon, then the deal flow in FY'24 has been quite moderate and which is a little bit counterintuitive because in a challenging environment, you have longer tenured deals that normally flow through. So, normally your TCV should ideally look good, whereas actually for you it has been deteriorating. So , is there anything related to the competitiveness or anything that you're basically seeing in terms of win rates that are different? The final one actually is for CVK. CVK, I am just curious about the change in the org structure, or rather integrating ERS with the IT and business services. Because if you look at ERS, historically the decision -maker in the ERS has been your vice president of engineering or the product owner, whereas for IT, it is the CIO or the business owner to whom you're basically selling those services. So, when you're integrating the sales, right, who's the decision-maker, has a decision maker from the client change for you to integrate ERS and ITBS sales process?
I think a fair point on hi -tech and media, but let's say if you look at something like an auto, I mean, what will the middleware or let's say consolidation of ECUs into DCUs, what has that got to do with what you're doing on the ERP or enterprise IT side actually?