revenue growth was 3.5% QoQ, above our estimate of 2.1% (11.7% YoY). EBITDA margin of 16.8% was flat QoQ (in-line), as 180bp wage hike impact was offset by 250bp expansion in utilization (excl. trainees) and some tailwind from cross currencies. PAT grew 2.1% QoQ to INR2,729m (in-line). Deal wins keep visibility intact: LTI announced two large deal wins in 2Q, one of which was a new CPG logo in Europe. While ramp-ups in previously won deals drive a strong outlook for the rest of the year, further wins are keeping expectations sanguine beyond FY18. Completion of a sizeable India...