Q1-FY24 · C. Vijayakumar
While we expected the quarter to be soft, it came in lower than our own expectations.
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Q1-FY24 · Prateek Aggarwal
The ask rate has certainly gone up... we have done the math, we have done the numbers... the pipeline is what is giving us that confidence.
Q1-FY24 · C. Vijayakumar
We have made a decision to skip the compensation review, starting with the management layer... and also defer for junior to mid-level people by a quarter.
Q1-FY25 · C. Vijayakumar
More than the expectations from the clients on GenAI, I think it's the competitive intensity which is kind of driving some irrational behavior.
Q1-FY25 · Prateek Aggarwal
Our guidance continues to be 18%-19%.
Q1-FY25 · C. Vijayakumar
I think it's just the macro factors, I would assume. I mean, while some companies have delivered very good profitability and things like that, but there is still a conservatism that is there, which I think will loosen up a little bit with some signals and some real changes in the macros.
Q1-FY26 · C Vijayakumar
We are very clear we are not setting structurally the margin bar lower. I think it will continue to be 19-20% in the next three quarters, obviously for all the reasons that we explained.
Q1-FY26 · Shiv Walia
This quarter, we traded short-term pain in profitability to secure our long-term growth leadership.
Q1-FY26 · C Vijayakumar
We are being very transparent. We are telling the clients, if you allow us to use AI Force and use all the recipes that we've created, we will showcase to you the optimization that is possible.
Q2-FY24 · C. Vijayakumar
This quarter, our bookings hit a record high of $4 billion, $3.96 billion, to be precise.
Q2-FY24 · C. Vijayakumar
Our operating margins recorded a 154 basis points improvement over the last quarter, led by a number of initiatives.
Q2-FY24 · C. Vijayakumar
I think it's still early days as clients are still evaluating them as POCs, while ensuring their data strategy is right, as well as establishing the guardrails to ensure data governance and compliance requirements.
Q2-FY25 · C. Vijayakumar
Our operating margin stood at 18.6%, an increase of 149 basis points compared to the last quarter. This is as a result of our strong operational execution.
Q2-FY25 · C. Vijayakumar
We are also a little bit more cognizant of the broader macroeconomic environment and the geopolitical context... if you see the FY 2022, the calendar year 2022 in November, December, when the optimism was there, but it suddenly turned, so to that extent, we are cautious.
Q2-FY25 · C. Vijayakumar
Our GenAI platform, AI Force, is now getting widely adopted for service transformation. A Fortune 200 global technology solutions company has chosen our AI Force-led solution as a part of the overall ITO program.
Q2-FY26 · C Vijayakumar
This quarter we clocked in a booking of $2.6 billion, which was well balanced across service lines, geographies, and verticals. This is the first time we've crossed the $2.5 billion mark without any mega deal.
Q2-FY26 · C Vijayakumar
Our advanced AI revenue this quarter exceeded the $100 million mark, representing approximately 3% of our revenue.
Q2-FY26 · Ram Sundararajan
Our restructuring plan included both people as well as non-people. The people part... it's the location-skill mismatch as well as some of the businesses that we have acquired.
Q3-FY24 · Prateek Aggarwal
We have delivered a sixer of a quarter, with 6% constant currency growth quarter-on-quarter.
Q3-FY24 · C Vijayakumar
Our operating margins were strong at 19.8%, 126 basis points improvement sequentially, and 16 basis points improvement year-on-year.
Q3-FY24 · C Vijayakumar
While we still don't see an uptick in the overall discretionary spend, there is still a portion of tech spend that should remain resilient.
Q3-FY25 · C. Vijayakumar
Our revenue grew 3.8% sequentially and 4.1% on a year-on-year basis in constant currency. Our operating margins stood at 19.5%.
Q3-FY25 · C. Vijayakumar
On a year-on-year basis, ACV has grown 23%, and sequentially, it has grown 9%.
Q3-FY25 · C. Vijayakumar
The cost of using LLMs or conversational AI models is reducing. It has dropped more than 85% since early 2023, making more use cases viable.
Q3-FY26 · Chinnaswamy Vijayakumar
We delivered $3.79 billion of revenue this quarter, which helped us cross a very important milestone of annualized revenue of $15 billion.
Q3-FY26 · Chinnaswamy Vijayakumar
Our advanced AI revenue grew 19.9% sequentially, led by a strong uptick in agentic Physical AI and AI Factory programs.
Q3-FY26 · Chinnaswamy Vijayakumar
I believe there is little value in waiting for either historical or anticipated discretionary spending to resume. Instead, the focus should be on opportunity, identifying proactively where the spending is occurring and targeting those opportunities.
Q4-FY24 · C. Vijayakumar
Our services business grew 5.4% year-on-year in constant currency, and I think that's the fastest growth in the industry.
Q4-FY24 · C. Vijayakumar
The entire growth came on the back of healthy growth across segments, different industries and geographies, in services business as well as software business.
Q4-FY24 · C. Vijayakumar
I think FY25 will be a year of consolidation, both on the demand and supply side.
Q4-FY25 · C. Vijayakumar
Our razor-sharp focus on clients during this period of uncertainty helped us achieve results that matched our guidance.
Q4-FY25 · C. Vijayakumar
We are being cautiously optimistic about the road ahead. We are acutely cognizant of the upcoming macro impact on the client's IT spending.
Q4-FY25 · C. Vijayakumar
We envisage this execution model to be less location-agnostic as we kind of get to a mix of 50% people and 50% agentic resolutions.
Q4-FY26 · C. Vijay Kumar
We are seeing some of this impact already hurting the growth outlook in Europe. While there are no broad macro challenges in North America, two client specific challenges in Americas would have close to 50 basis points growth headwind in FY27.
Q4-FY26 · C. Vijay Kumar
40% of the industry runs the risk of being disrupted by AI and can shrink 3 to 5% faster for a few years... For our portfolio it would translate to 2 to 3%.
Q4-FY26 · C. Vijay Kumar
We have lost some deals which are voluntary losses... we walked away from some deals which will not make sense and that would have easily contributed at least a billion dollar more to this number.