HCL TECH Q2 CONCALL

EBIT margin up 130 BPS QOQ was driven by higher margins from Adv AI Adv AI contributed 32 bps to margin improvement in Q2 Q2 booking was 2nd highest on record We are look ahead we are ‘optimistic’ driven by record deal wins, Adv Ai and improved margins Services grew 3% QOQ, which is more than $100m + QoQ and of that $50m has come from AI and balance from market share gain We are in the "early phases" of deflation

Z-TECH (INDIA) LIMITED

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