Temporary blip in top banking clients may persist
Revenue from top 5 clients declined due to normalization in banking; if macro uncertainty delays program transitions, growth could be slower than expected.
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Revenue from top 5 clients declined due to normalization in banking; if macro uncertainty delays program transitions, growth could be slower than expected.
Wage hikes effective July 1 will depress margins by 130-150 bps in Q2, though management expects efficiencies to offset partially.
Merger process may take 9-12 months; any delays or cultural friction could impact expected synergies and margin expansion.
Analyst raised concern that GenAI could deflate volumes in testing; management downplayed risk but acknowledged functional testing may be impacted.