Q1FY17 revenue growth of 3.1% QoQ (in CC) and 3.6% (in US$) was slightly lower than our forecast of 3.5% and 4.1% respectively. However, EBIT margin of 25.1%, -100bps QoQ, beat our forecast of 24.5%. EPS of Rs32.1, unchanged QoQ, was ~4% higher than our forecast. Digital solutions continued to fire with a 6.4%/37.5% QoQ/YoY growth. Deal pipeline for these solutions remains strong. TCS has already trained 165k employees for these solutions and targets to train all its employees over the medium term. In Q1FY17, TCS continued to see growth in large clients with US$50 mn+ clients +4 QoQ to 77. Further, it secured 9 large multi-year deals....