...but impressive execution on margins: EBIT margin expansion of 170bp QoQ (est. of +80bp) to 25.1% was a positive surprise. The expansion in margin was contributed by multiple line items across COGS and SGA, and not by any single driver. Execution was particularly impressive, considering the drop in realization and the lack of growth support. However, the very factors will also test the sustainability of this upward trajectory toward the aspired range of 26-28%. Addition to client buckets reflects prowess: TCS saw healthy client additions across its revenue buckets (USD1m+ to USD100m+), marking its ability to...