Thank you. Good evening and congratulations on a really good quarter. It looks like your top 5, top 6 to 10, top 11 to 20 clients all grew sequentially. So it seems that you are not affected at least in the top client segments by seasonality or furloughs. Is there any impact of the ASAP integration here?
Why is this unusually strong? Are you still expanding wallet share? Are there any new propositions that are gaining traction in this?
CVK on Software side we've seen year-on-year growth of 3.6%, but still the margins are down slightly, wanted to understand is this because some sale s investments or is there anything else because on the R&D front I don't see much of an increase in spending?
Can we say that the margins for Software could expand with continued growth that we are at a steady state of expense?
Hi, thank you. CP, it's great seeing you and your team at transform Tech Mahindra. Best of luck for your next adventure. You spoke of how 5G-related spending has been a little slow, but given how 5G has failed to uplift consumer output in all markets, and we've also not seen any killer enterprise use case come up, can we even expect 5G-related spend to pick-up in the near future?
Thank you, Mohit. And while it's great to see the 99% pay-out to shareholders of stuff, I mean, with 37% of the revenue coming from communications that I just spoke, we are not likely to see an immediate or near -term uptick. Wouldn't the turnaround be aided by some inorganic initiatives in verticals like BFSI, where we are sub-scaling with the peers?
Thierry, you mentioned about your win rates in the last years in Europe being 100%. Could you comment a bit on how that changed in the US over the last few years?
Specifically, to US, Thierry .
Thanks for the opportunity. So, the first question is on the Cigniti acquisition. You know, you talked about how this will add geographic presence to your sales team, but wouldn't access to those clients be restricted until you complete the delisting process of Cigniti?
So, there is no issue even if Cigniti remains a listed firm for you beyond that. So, is that correct?