Updates Infosys Limited has informed the Exchange regarding 'Earnings Call Transcript'. · 2025-01-16
Yes, thanks for the opportunity. I am sorry, I had dropped for a minute. So in case I am repeating the question. Just wanted to understand the growth in to p 5 clients, right? So it has declined pretty External Document © 2025 Infosys Limited 12 sharply in this quarter, down more than 6% QoQ in dollar terms. And even on a year-on-year basis, there has not been much growth. So just trying to understand, what exactly is happening there? So, Rishi, the sequential change in the top 5 clie nts is pretty much furloughs, largely because you do see furloughs impacting many of the large cli ents. And of course, these are also reported numbers, so there could be a bit of currency impac t as well depending on which geography the top 5 clients are. The year-on-year will be client specific. There would be so me deals which would have ramped up, ramped down as we have seen. So there could be multiple reasons. I do not think there is anything sectoral here in a way to decipher from here, in my mind.
Okay. And just secondly, clearly, last year, we had a pretty big year in te rms of overall deal wins, almost $17.6 bn. This year, currently, we ar e annualizing at around $12 bn. Just wanted to understand, in terms of proportion of revenues that comes via pass-through, has that changed in the amount of deals that we have won in totality this year versus last year?