Growth
• Revenue $3.64bn; Services +5.5% YoY CC, ER&D strong; Software weak.
• Europe & RoW strong; Auto vertical still slow.
Profitability
• EBIT margin 17.5% (+116 bps QoQ).
• Strong cash generation; net cash $3.29bn.
• Dividend payout ~96% of net income.
Bookings & Demand
• Net new bookings $2.6bn without mega deals.
• Targeting $2.5bn/quarter as new steady state.
• AI in almost every deal; pipeline at all-time high.
AI Strategy
• Advanced AI revenue >$100m.
• AI Force platform driving large wins; rollout expanding.
• Strong partnerships (NVIDIA, Dell, HPE).
• Focus on IP-led, AI-driven services.
Operations
• Productivity rising; revenues growing without headcount growth.
• AI expected to cut effort in BPO/SDLC/IT Ops over time.
• Low visa dependence; localization increasing.
Outlook
• Investing heavily in AI to cement industry growth leadership.
• Management confident demand + bookings support steady growth
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