Salil Parekh

We see a large addressable market for AI services across six areas: AI strategy and engineering, data process, legacy modernization, physical AI and trust.

We have not seen in one or two quarters the change that you referenced. Though what we are seeing is a competitive intensity is pretty high.

We are witnessing six AI-led value pools emerging that could unlock a large incremental opportunity for us.

We had a strong performance in Q2 with increased market share gains.

Our client interactions show strong focus on deploying AI across the enterprise for growth and on cost-efficiency programs.

We had a strong start to a financial year. Our revenues grew 2.6% sequentially and 3.8% year-on-year in constant currency terms.

We are the only large India-based technology services company to be positioned as a leader in Gartner's 1st Generative AI Consulting and Implementation Services quadrant.

We feel the performance has been solid all around across the year.

We have not seen a change in that. However, the guidance has factored in what we anticipate in different scenarios because all of this is happening in the last few days.

Our revenue grew 1.7% quarter on quarter and 6.1% year on year in constant currency terms.

Large deals were at $2.5 billion. Operating margin at 21.3%. Free cash flow for the quarter was at an all-time high of $1.26 billion.

In generative AI, we have built four small language models for banking, for IT operations, for cyber security and broadly for enterprises.