Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue USD 487.6 million, +7.8% q-q, +20% y-y; EBIT margin 15%, PAT growth 5% y-y - Nagarro acquisition progressing; one-time expenses ~$50 million over 3-4 quarters impacting PAT by ~3.1% - Top client revenue growth: top 5 +38.9%, top 10 +29.9%, top 100 +21.6% y-y - Geography: North America +22.5% y-y, Europe -8.5% (client-specific), India +19.4%, Rest of World +67% - Industry growth led by Software/High-Tech +28.5%, BFSI +16.2%, Healthcare +12% y-y - Software Reinvention Services launched; AI-led product development accelerates time-to-market by ~50% - Large $650M+ deal with tech company driving growth; outcome-based model with cost savings share - EBIT margin impacted by wage hike, utilization, and amortization; target margin 16-17% - Headcount 29,598; utilization 85.8%; attrition 11.9% - Strong cash collections improved cash position; billed DSO 50 days - ESG score improved to 83.3; multiple awards received - Nagarro deal closure expected Q4 CY26 or Q1 CY27; synergy plans post closure - Multiple analyst questions on BFSI AI adoption, deal wins, margin outlook, and Nagarro acquisition