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.

Our advanced AI revenue this quarter exceeded the $100 million mark, representing approximately 3% of our revenue.

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.

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.

Our razor-sharp focus on clients during this period of uncertainty helped us achieve results that matched our guidance.

We are being cautiously optimistic about the road ahead. We are acutely cognizant of the upcoming macro impact on the client's IT spending.

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.

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%.

On a year-on-year basis, ACV has grown 23%, and sequentially, it has grown 9%.

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.

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.

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.