Hi, sir. This is Suraj from Catamaran. My first question is on the number of clients in $3 million to $5 million bucket; it has decreased from 10 to 6 quarter-over-quarter. So, can you throw some light on that.
Got it. Because of the decrease in 4 clients, 2 can be attributed to increase in the $5 million bucket. The balance 2?
Hi, thank you for this opportunity. If I look at the client -wise revenue and if we check th is plate like the 6th to 10 th customer or be it 11th to 20 th customer's bucket, these customer buckets have grown at like double digit 10%, 12% QOQ whereas the top 5 customer's bucket is flat. And I understand that's because of the largest client in healthcare. So , if one were to remove that largest client in healthcare, how would the rest 4 customers revenue look like, the growth?
Got it. And my second question is, if you can throw some light on some new areas or verticals that you are working on like be it cybersecurity or telecommunication or anything.
Thank you, sir, for this opportunity . I had one question , can you just help me understand with an example, what does Starfish do, like, just a use case to understand in greater detail?
Got it. Thank you.
Sir, I just want to touch upon the gross margin. Can you help me reconcile the gross margin number? If you look at the first quarter and second quarter, the gross margins were 40% and 41%, whereas it is 38% in this quarter. So, I just want to understand th e reconciliation between these numbers, if you can attribute this difference.
And just currently, as we have been discussing over previous several calls, because there is demand-supply gap and there is lack of capacity, hence several factories of GE as well as other companies have their orders still -- like the factories are full till 2028, 2029, and which is helping companies command pricing power. So -- and now companies are announcing their capex, right? So, over the next 1 to 2 years, do you see this pricing power going down and hence a gross margin decline after 2 years?