Q2FY17 revenue growth of 1% QoQ (in constant currency - CC) and 0.3% (in US$) missed our forecast of a 3% growth in CC. However, EBIT margin of 26%, +90bps QoQ, beat our forecast of 25.6%. EPS of Rs33.4, +4%/+9% QoQ/YoY, was ~4% higher than our forecast. The revenue miss was mainly on account of a 3.1% QoQ decline in the Retail and CPG vertical (13.4% of revenue), which was a negative surprise for TCS. This also impacted the growth in Digital solutions which grew at 1.5% QoQ and now contribute 16.1% to total revenue. India business (5.8% of revenue) declined by 7.6% QoQ due to spill-over of revenue worth ~US$27m (0.6% of Q2FY17 revenue) to Q3FY17....