Questions across 66 calls

Vibhor Singhal

Nuvama Equities

Tech Mahindra Limited

Tech Mahindra Limited CC-Sep23.pdf · 2023-10-25

Yes. Hi. Thanks for taking my question. So, Rohit, my question is on the margins again. Two parts to the margin breakup that you gave. You mentioned there was a 200 basis point excess item last quarter. This was related to a client bankruptcy and around 260 basis point in thi s quarter. So what was this 260 basis point in this quarter related to? Is it that we are shutting down some subsidiaries? Is it some severance packages that we are giving or some penalty that we are paying for some contract termination? It will be very helpful if we could just broadly classify, if not with the numbers, just with the help us to what exactly does this 260 basis point compose of? And then I'll have a follow-up question.

And would it also have some severance pay of maybe people who have left or have been asked to leave?

Infosys Limited

Updates Infosys Limited has informed the Exchange regarding 'Transcripts of the press conference and earnings call conducted after the Boardmeeting held on October 12, 2023'. · 2023-10-12

Yes. Hi, thanks for taking my question. Salil, just two questions from my side. As we started the year with a guidance of 4% to 7% for FY '24, and we basically downgraded the guidance, second time this time around. So, in the last callyou had mentioned that, maybe in the first guidance, there were some assumptions which did not play out, and we had a fair bit of conservative numbers into the 1% to 3.5% guidance which we had given last time. So, I just want to understand that we have been winning good deals all along, especially in this quarter, and as you mentioned that some of t he deals are taking time, so, what has changed from the time that we gave the first guida nce to this time, in terms of the projects that we have already there in existence. Is that discretionary part of that, which is being put on hold much longer than External Document © 2023 Infosys Limited 16 anticipated? Is there any one single or a couple of large projects which has kind of stopped contributing the amount that we had expected? Any color on that would be really helpful.

Got it. Any specific pockets of weakness which y ou have seen deteriorate at a much sharper rate than anticipated? It could be maybe vertical-wise or maybe a specific domain, let us say, cloud adoption, or any other domain, or is it across the board?

Infosys Limited CC-Sep23.pdf · 2023-10-12

Yes. Hi, thanks for taking my question. Salil, just two questions from my side. As we started the year with a guidance of 4% to 7% for FY '24, and we basically downgraded the guidance, second time this time around. So, in the last callyou had mentioned that, maybe in the first guidance, there were some assumptions which did not play out, and we had a fair bit of conservative numbers into the 1% to 3.5% guidance which we had given last time. So, I just want to understand that we have been winning good deals all along, especially in this quarter, and as you mentioned that some of t he deals are taking time, so, what has changed from the time that we gave the first guida nce to this time, in terms of the projects that we have already there in existence. Is that discretionary part of that, which is being put on hold much longer than External Document © 2023 Infosys Limited 16 anticipated? Is there any one single or a couple of large projects which has kind of stopped contributing the amount that we had expected? Any color on that would be really helpful.

Got it. Any specific pockets of weakness which y ou have seen deteriorate at a much sharper rate than anticipated? It could be maybe vertical-wise or maybe a specific domain, let us say, cloud adoption, or any other domain, or is it across the board?

Updates Infosys Limited has informed the Exchange regarding 'Transcripts of the press conference and earnings call conducted after the Meeting ofBoard of directors on July 20, 2023'. · 2023-07-20

Yeah, hi. Good evening. Thanks for taking my question. So, Salil, two questions from my side. One on the harping on the guidance part again. I mean, for long, I think, the guidance that Infosys gives is kind of seen a benchmark for the industry and a lead across for the entire sector as well. And the sharp cut that we had at this time. So just wanted to understand, the putting on hold of discretionary spend and other issues that you mentioned that caused us to lower the guidance, d o you see that as a very Infosys specific thing, or do you see it more of an industry across the board that maybe other companies are not seeing it right now, they might be following suit in the next few quarters. Or is it something in the nature of our portfolio because of which you probably feel that it was cyclical? I mean, in the last thr ee months, because the other companies that have reported, there might not have been such number difference in the guidances . But the kind of $600 mn shock that we have seen, we have not seen that kind of a change in commentary over the past three months by any other player per se. So would you like to basically give some colour on how readable is this environment, that has caused this deterioration to us and not to the other companies in the sector or the industry?

Got it. And in terms of conversations with the clients, just a follow -up on that, in terms of the conversations with the clients, I think you mentioned it before on the call as well. What is the overall general conversation like, when they put this discretionary part of the deals on hold? I mean, do they want to do it, given the weak macro at this point of time? Is there any rethinking on the part of whether they need this kind of spend at all? Are those original decisions being questioned itself to begin with? What exactly is the nature of the conversation with the clients, which are putting these spends on hold?

Tata Communications Limited

Tata Communications Limited CC-Apr26.pdf ·

Hi, thanks for taking my questions. And congratulations and welcome to the Board Ganesh and Siddhartha. And Kabir, wish you all the best in your future endeavours. A couple of questions from my side, one for Ganesh and one bookkeeping question for Siddhar tha. Ganesh, in your opening remarks, you mentioned that you're seeing these 2 trends. One is that while the front end is digitised, the back end still remains legacy, while there is, of course, the other trend in AI-led transformation. And we at TATACOMM intend to basically capture both these trends and opportunities. If I basicall y dig a little deeper into them, these 2 represent completely different spectrum of applications and uses for enterprises. One is about the latest new technology development, which is still in very nascent stages and enterprises are still not sure about how we can use that to maximise the benefit. And the other is all about legacy modernisation. So in terms of the capabilities that we have in Tata Communications, do you believe the current setup that you have in terms of the sales engine or the delivery capabilities, we have enough resources at our disposal to be able to capture both ends of the spectrum? And a related question, where do you see the overlap in these two things with the industry system integrators, the likes of the TCS s and the smaller IT services companies. Would there be a competition that you see with them? And how does that impact our growth prospect that we're talking about over the next, let's say, 3-5 years kind of a journey? Post that, I'll have a follow-up question for Siddhartha, please.

Got it. Thanks for the very detailed answer. Just a follow -up on the second part. In the second strategy, when we're talking about the AI led transformation. The capability to develop these agents, which can basically work on the enterprise data, are we a lready investing into building those agents? Are we kind of investing into building LLMs also? Or are we only looking at using OpenSource LLMs? And also are we also looking to partner with these various LLM providers like, let's say, Anthrop ic, OpenAI, or other such platform companies?

Coforge Limited

Coforge Limited CC-Mar24.pdf ·

Yeah, hi, I hope I'm audible.

Thanks for taking my questions, Sudhir, and congrats on this big acquisition. I wish you all the best for the integration in the times going ahead. So, few questions from my side. In terms of capability wise, if we look at the Cigniti business that we're looking at, it's majorly into quality assurance and testing as we would call it. And do you see that not as a challenge that we are using a company, I mean, we are using Cigniti and using that to be able to expand our business into the West Coast and into these three verticals. Don’t you see any challenges in upselling the Coforge capabilities to the clients of Cigniti that they're serving at this point of time?